Rising national living wage hits SME profits
The NLW increased from £7.20 to £7.50 per hour on 1 April 2017. Out of 835 businesses surveyed by the Federation of Small Business (FSB),… Read More »Rising national living wage hits SME profits
Umar Memon
High value dealers need to register for cash payments
Businesses accepting cash payments of €10,000 or more in exchange for goods are required to register with HMRC under money laundering regulations (MLR). Recent changes… Read More »High value dealers need to register for cash payments
Managing the Digital Revolution
Ensuring the smoothest transition for your business. Making Tax Digital (MTD) will mean most businesses and taxpayers access their tax affairs online through digital tax… Read More »Managing the Digital Revolution
Sick pay valued over other benefits
Self-employed people would prefer to receive sick pay than any other statutory benefit, a study has found. FreeAgent and The Freelancer & Contractor Services Association… Read More »Sick pay valued over other benefits
Update- Making Tax Digital
Now the Government is over the General Election The Treasury have announced a delay to Making Tax Digital. It was expected that businesses whose turnover… Read More »Update- Making Tax Digital
Gender pay gap reporting becomes law
Employers with more than 250 staff are now required by law to report gender pay gaps, following the introduction of new legislation. Employers must publish… Read More »Gender pay gap reporting becomes law
Interest Free Loans
It is common for owner managed businesses to receive loans either from the owner/director (Director’s Loan Accounts) or from related companies with common ownership. It… Read More »Interest Free Loans
Making Tax Digital
The income tax system as we have known it for the last 20 years is about to change dramatically. From April 2018 businesses whose turnover… Read More »Making Tax Digital
Tax Card 2017/18
Tax Card 2017/18 Taxable Income Bandes and Tax Rates 2017/18 2016/17 Starting rate of 0% on savings up to £5,000* £5,000* Basic rate band… Read More »Tax Card 2017/18
Spring Budget 2017
Introduction Chancellor Philip Hammond described his first and last Spring Budget as one that “takes forward our plan to prepare Britain for a brighter future”.… Read More »Spring Budget 2017