Such a simply question, you would think, however it produces a complicated answer. For this calculation, we have assumed the following:The director wants to preserves their entitlement to state benefits, andThe director wants a salary which saves the most tax and national insurance.First of all let us look at preserving your entitlement to state benefits. Read more about As a director, what should I pay myself in 2017/18?[…]
Have you received an email that looks like the image below? The subject of the email: Company Investigations Inquiry Notice. If you receive an email like this you should delete it. Do not click on any links contained in the message as users are forwarded to a site that downloads malware. The company this email Read more about Email scam warning – Company Investigations Inquiry Notice[…]
From April 2017 businesses with an annual wage bill of £3million and above will have to pay the apprenticeship levy. However, they can claim it back to the extent that they spend the money on training apprentices.In early 2016, the government hinted that businesses that don’t spend their levy will be able to transfer it. Read more about Apprenticeship Levy – Update[…]
Internal Fraud Hits 20% of Small Businesses According to ActionFraud nearly one in five small businesses have been defrauded by an employee at some point during their trading history, causing significant loss and in some cases have destroyed a business.What is internal fraud?Internal or employee fraud is fraud which is committed against a company or organisation Read more about Internal Fraud Hits 20% of Small Businesses[…]
Mini-bonds Are mini-bonds right for your business? Firstly, what is a mini-bond? Mini-bonds are a way for businesses to raise money. You decide how much money you need to raise and set a fixed interest rate per annum, for example 6%, that you’re prepared to pay for the period of the bond. Decide on Read more about Are mini-bonds right for your business?[…]
Our Director Samantha, has been shortlisted for Accountant of the year in the IAB UK and International Business and Skills Awards 2016. This national award recognises accountancy talent that has made an invaluable contribution to their clients, by going above and beyond to help their clients. The 2016 IAB UK and International Business and Skills Read more about Finalists in IAB UK and International Business and Skills Awards 2016[…]
Second Income CampaignThe Second Income Campaign gives yo the chance to bring your tax affairs up to date if you’re employed and have additional income that’s not taxed.Who can do thisyou can take this opportunity if:• You’re an employee• You’re resident in the UK• You have additional income from working for yourselfWhat counts as a Read more about Second Incomes Campaign[…]
The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice – you must be at least school leaving age to get it. *This rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the Read more about National Minimum Wage 2016[…]
HMRC Compliance Checks So, what are HMRC Compliance Checks?HMRC Compliance Checks are to make sure a specific tax return or claim is correct and/or to check that payments are for the right amount and are made on time. Some checks are done on a random basis as to discourage evasion. A compliance check can be Read more about HMRC Compliance Checks[…]