Auto-enrolment for businesses
Auto-enrolling employees into a workplace pension scheme is a legal requirement for all businesses, from those employing hundreds to those with 1 or 2 people on the payroll.
Estate planning
Effective estate planning ensures that your property and/or possessions go to the people you choose when you die. It can also be financially beneficial to the recipients of your estate as it can reduce the amount of tax paid to HMRC on your estate.
Succession planning for a family business
There are more than 3 million family businesses in the UK, which between them employ more than 9 million people and contribute 15% to GDP.
Personal tax planning
The overriding aim of all personal tax planning is to legally reduce the amount of tax paid on an individual’s income. This income can come from a number of sources and the tax reduction strategies available will be based on the reliefs and allowances applicable to each source.
Tax Card 2016/17
TAXABLE INCOME BANDS AND TAX RATES 2016/17 2015/16 Starting rate limit for savings £5,000* £5,000* Starting rate for savings 0% 0% Basic rate band £32,000 £31,785 Basic rate 20% 20% Dividend ordinary rate 7.5% 10%** Higher rate band £32,001 - £150,000 £31,786 - £150,000 [...]
Budget Report 2016
The following report summarises the announcements made by Chancellor George Osborne during the Budget 2016 on 16 March 2016.
Residence and domicile
A guide to understanding the terms residence and domicile as well as their legal and tax implications
Salary or dividend?
Owner-managers and contractors often pay themselves in a combination of salaries, bonuses and dividends.
Year-End Tax Guide 2015/16
With 5 April fast approaching we consider some of the ways you might act now to reduce your current year’s tax liability. This year end guide relates to planning opportunities that are relevant to the end of the current tax year.
Travel and subsistence: a changing framework
The system of employee benefits and taxes for those who travel for the purposes of work is undergoing change.