Whilst most people will agree that we pay tax to keep the country running, most of us would be happier if we could find a way to persuade the taxman to take a little less of our hard-earned cash. There is a simple way for most of us to pay less tax. All it takes […]
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Employers can provide their directors and team members with certain “trivial” benefits in kind tax free. These benefits in kind do not now need to be reported to HMRC and are tax free for the team member.
This time of year is a good time to start planning your tax affairs before the end of the tax year on 5th April.
Every year Companies House publish a list of unusual excuses directors give for filing their companies accounts late. This year the list includes…
For most taxpayers the maximum pension input annual allowance is currently £40,000. However, from 2016/17 those taxpayers with ‘adjusted income’ over £150,000 and ‘threshold income’ over £110,000 receive a tapered annual allowance.
In 2016 the government consulted on a proposed abolition of Class 2 National Insurance Contributions (NICs) for the self-employed. This flat rate contribution, currently £2.95 a week is payable by the self-employed in addition to Class 4 contributions based on the level of profits.