Category: News Articles

  • Gift Vouchers and Employee Incentives

    If you give your employees incentives as part of a package of pay, you will have to pay PAYE tax and National Insurance on them. There are different rules for what you have to report and pay depending on what the award is and whether it’s you or someone else who makes the award to…

  • Merry Christmas To You And Your Staff From HMRC!

    Now that’s unusual, but it’s true – if you are planning your Christmas party HMRC wants to celebrate with you! There is a exemption of £150 for your Christmas festivities available to employees, or if you provide two or more annual parties or functions there is no charge in respect of the party as long…

  • So Why Become a Landlord?

    Some people become a landlord accidentally by inheriting a house, or by retaining a former home when you move house. There is an attractive tax incentive for letting a former home.

  • Tax Tips and News

    Welcome to our very first financial newsletter of a different kind, designed to keep you informed. Here, we focus on the big economic events of today, affecting us all, as we go about our ordinary lives. And, as part of our central ethos of working with you and developing the close working relationship that we…

  • Tax Credits: How can you work out if you are entitled to them?

    There is considerable confusion over the changes to tax credits, but as the government is committed to introduce these alterations we thought we would try to clarify the situation.

  • Make your spare room work for you!

    Did you know that the Rent a Room Scheme could earn you up to £4,250 tax-free income a year? You can rent out just one room or an entire floor of your home. These have to be furnished and the space must be in your only or main home.

  • Changes to Dividend Tax Rates

    In the summer Budget there was an announcement about changes to dividend taxes from April 2016. All taxpayers will have a dividend allowance of £5,000 a year at the new tax rate – which is better for many small investors seeking income from their shareholding.

  • HMRC and Late Filing Penalties – No New News!

    Have you seen the recent news coverage about HMRC cancelling their usually strict £100 penalty if you are late with your tax returns? We need to tell you that this is not new news!

  • Tax Credits Changes and the Risk of Overpayment

    Tax credits are state benefits that provide extra money to people responsible for children, disabled workers and other workers on lower incomes. There are two types of tax credits – child tax credits and working tax credits.

  • New Business Growth and Improvement Programme

    Do you feel you need help to give your business a jump start? Or perhaps you’ve been trading successfully for some time but now need direction about how to grow further?

  • Changes to the Collection of Class 2 NICs from 2015

    Following our policy of keeping you up-to-date with key HMRC news, we have information that there are changes to the collection of Class 2 National Insurance Contributions from the 2015/16 tax year.

  • Taxation – The Intentions of the Main Political Parties

    Following our promise to keep you as up-to-date as possible with all things financial, we have obtained an at-a-glance guide to the intentions of the main political parties regarding taxation.