Simplified motor expenses

Nov 22, 2013 | Bookkeeping, General, Personal Tax

Simplified tax deductions were announced in the budget for accounting periods ending after 5 April 2013 in relation to profits taxable in 2013/14 for unincorporated businesses meaning self employed individuals and partnerships. However you should think carefully...

Employees mileage reclaim

Oct 25, 2013 | General

Mileage Allowance Relief Where an employer does not pay a mileage allowance to an employee who uses his or her own car for work or pays an allowance which is less than the approved amount, the employee can claim tax relief for the shortfall. This can be done in the...

Budget 2013

Mar 21, 2013 | General

Main Tax Proposals Personal allowance £10,000 from April 2014 Employment allowance £2,000 per year New scheme for tax free childcare Reduction in main rate of corporation ta to 20% from 1 April 2015 Employee-shareholder contracts will be exempt from income tax and NIC...

Pensions

Jul 31, 2012 | General, Payroll

Pensions for employees From October 2012 and 2017 all employers will need to have a registered pension scheme into which they will auto enrol all eligible staff into and will also have to pay contributions into it. Employees If you have employees: not already in a...

New Business Advice

Feb 10, 2012 | Accounts, Bookkeeping, General, Start ups

Get your free advice It is common for someone to set up a business either as a sole trader or limited company without any professional advice in advance. This often means that when they approach an accountant after the end of their year end there are a lot of issues...

Hello

Feb 10, 2012 | General

Well here goes, my first blog! I have no idea about ‘Blog etiquette’ but will just aim for something relevant and useful. When setting up my business a number of people have highlighted to me the benefits of blogging, my website designer Hadden and someone...