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Freeing you up to do what you do best!

Freeing you up to do what you do best!

 

 

Can you claim for additional Self Employed Income Support?

The government recently announced an extension to the Self Employed Income Support Scheme (SEISS). The first grant covered a three month period to 13 July 2020. The second grant will cover the three months commencing 14 July 2020. Those eligible for the first quarter must have claimed SEISS by 13 July 2020. Can you claim[…] Read more »

PAYING EXPENSES TO EMPLOYEES – What to report?

  PAYING EXPENSES TO EMPLOYEES – What to report? As an Employer, what do I have to report to HM Revenue & Customs, when paying expenses to employees, or reimbursing them for costs incurred on behalf of the business?   And do I have to deduct tax and National Insurance? The rules in this respect[…] Read more »

Salary vs Dividend

Salary vs Dividend Newsletter issue – March 2017. The questions surrounding the issue of how best to extract profits from a company in a tax-efficient manner remain as popular as ever. Despite the introduction of the dividend allowance, and the personal savings allowance, extraction by remuneration and by way of dividend remain the two most[…] Read more »

The Abolition of Class 2 NICs

National Insurance Notification Letter

The Abolition of Class 2 NICs Newsletter issue – January 2017. Originally announced at Budget 2016, the 2016 Autumn Statement confirmed that Class 2 National Insurance Contributions (NICs) will be abolished from April 2018, hopefully achieving the desired effect of simplifying National Insurance for the self-employed and making the system fairer for employed and self-employed[…] Read more »

Disguised remuneration and the self-employed

Disguised remuneration and the self-employed Newsletter issue – January 2017. Following the announcement in the Autumn Statement, HMRC have published the details of a measure designed to tackle the future use of avoidance schemes currently being used by some self-employed people to avoid paying income tax and NICs on their income. The measure will also[…] Read more »

Additional Tax Relief for Innovative Companies

brilliant-idea-xs

Additional Tax Relief for Innovative Companies The good news For every £100 spent on Research & Development (R&D) you could get £46 knocked of your tax bill, with the government encouraging small firms to claim where applicable. The bad news – What you need to do You, or someone in your company, will have the[…] Read more »

Tax on Dividends

Tax on dividends

  Follow the link to download the PDF Tax on dividends article Written by Andrew Cross of Spurling Cannon. If you would like to contact Andrew about this blog post or any other accounts related matter, please e-mail him on andy.cross@spurlingcannon.co.uk or phone the office on 01843 848383       Spurling Cannon Limited have made every effort to[…] Read more »

Know Your Competitors

Know Your Competition

Know Your Competitors Businesses need to know their competition, especially in today’s hyper-competitive business environment. Knowing what the competition is up to allows you to develop unique selling points which will encourage clients to choose you. People – In order to understand the client experience offered by your competitors, try “mystery shopping” your nearest direct competitors.[…] Read more »

Pre 5th April 2015 Checklist

Pre 5th April 2015 Checklist Pay a Pension Contribution  Did you know – You can receive 20% tax relief on a pension contribution even if you don’t pay tax! The maximum a non tax payer can contribute is £3,600 gross – a payment of £2,880 to which the tax man adds £720! If you do[…] Read more »

TOP TIPS FOR GOING IT ALONE! New Business Startups Part 1 of 2

Going it Alone?

Top Tips for going it alone! Each year thousands of people set up their own business.  Each and everyone has their own reasons from being fed up with the boss and wanting to work for themselves, or having found that gap in the market, or that new product or service, or because they want the[…] Read more »


 

 

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