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Changes to salary sacrifice … and beyond! Leave a comment Read more »

Changes to salary sacrifice … and beyond!

Before Parliament ‘broke-up’ for the General Election, legislation was passed which seeks to limit the tax advantages of salary sacrifice arrangements; i.e. where an employee gives up part of his/her salary in exchange for a benefit such as the use of a car. However, the…


The thorny issue of employment status Leave a comment Read more »

The thorny issue of employment status

There are three main ways which in which people can earn their living: (1) as an employee; (2) as a sole-trader and (3) as a director/shareholder of a limited company. Each way of working is subject to a separate set of tax rules and so the route taken…


Applause on the radio! Leave a comment Read more »

Applause on the radio!

I had the pleasure of being a guest on BBC Radio 4 Money Box Live on Saturday, discussing the pros and cons of trading through a limited company following the Spring Budget. For those of you who had better things to do – hopefully all of…


The Spring Budget and what it means for you Leave a comment Read more »

The Spring Budget and what it means for you

Well, the Chancellor seemed to enjoy that, cracking jokes at himself, the PM and the Opposition. Perhaps Box Office Phil isn’t such an ironic nickname after all. Overall, he had very little to say on tax other than the headline increase in the rate of NICs for the…


The end of the VAT Flat Rate Scheme? Leave a comment Read more »

The end of the VAT Flat Rate Scheme?

In November last year, the government announced changes to the VAT Flat Rate Scheme – FRS – for ‘limited cost traders’ effective from April 2017. This was billed as an anti-avoidance measure and was seen as a response to media coverage of abuse of the…


Strategic Roadmapping Masterclass Leave a comment Read more »

Strategic Roadmapping Masterclass

We all have a rough idea of how we want our business to develop, but how many of us can say that we have a clear strategy in mind? It is difficult to find the time to think strategically; yet few businesses will reach their…


New mothers should claim child benefit Leave a comment Read more »

New mothers should claim child benefit

Okay, the title of this post may be somewhat ‘stating the obvious’ but research by the Royal London suggests that many thousands of new mothers are not claiming child benefit.  Why? Because of the High Income Child Benefit Charge (HICBC) which reduces the value of that…


Change to VAT flat-rate scheme for 'limited-cost traders' Leave a comment Read more »

Change to VAT flat-rate scheme for ‘limited-cost traders’

In our blog post on the Autumn Statement we highlighted a change to the VAT flat-rate scheme which we thought at the time would cause a headache for many small businesses. Now that we have draft legislation and a HMRC policy paper, we can confirm our position…


Beware the auto-enrolment monster Leave a comment Read more »

Beware the auto-enrolment monster

I imagine that all of us will have seen the TV ad in which a giant hairy monster wanders around unnoticed. The point of the ad is to alert employers to their duties under auto-enrolment, but it would seem that many employers have missed the…


Getting into the Christmas spirit Leave a comment Read more »

Getting into the Christmas spirit

It may be October but it’s not too early to plan for Christmas, and this year even HMRC seem to be getting into the Christmas spirit. Most people are familiar with the tax relief for Christmas parties but few may be aware of a new relief for staff benefits which…


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