Auto enrolment rates

The minimum contributions you and your staff pay into your automatic enrolment workplace pension scheme will increase from 6th April 2019. If you employ people then you probably have an auto-enrolment scheme in place and it is your responsibility to make sure these increases are implemented. If you don’t have any staff in a pension… Read more »

IR35 is the legislation that decides whether a contractor is genuinely a separate entity to the business they contract for or whether they are an ‘off-payroll employee’ that is just attempting to avoid tax by operating through a Ltd company. There was a major change in the legislation back in April 17 that saw many… Read more »

Banking in 2018

In the last few years we’ve seen an influx in a new type of app-based personal bank that promises heaps of advantages over their old school, high street rivals.  You may have heard of Starling, Monzo or Atom Bank that are becoming increasingly popular as ‘Challenger Banks’ to the traditional banks that have dominated British… Read more »

Ideally the government wants more home owners but with house prices so high it’s very difficult for first time buyers to get on to the property ladder.  Instead was has happened over the past 30 years is that homeowners with higher incomes have bought more properties to rent out as an alternative to a pension… Read more »

GDPR

What is GDPR? The General Data Protection Regulation (GDPR) is replacing the Data Protection Act 1998 from 25th May 2018.  GDPR will harmonise data protection laws across the EU and will update the current regulations to take full account of globalisation, and the ever-changing technology landscape.  The Regulation will apply to any company processing the… Read more »

Changes in 2018/19

The new tax year started last Saturday and there are some very significant changes for small business owners.   The government often focus on the increases in tax free allowances and tax brackets going up so that we will save money but the decrease in the tax free dividend allowance this year will almost certainly mean… Read more »

Marriage allowance

What is Marriage allowance? Marriage Allowance is a scheme run by HMRC to make taxes on married couples fairer.  It basically reduces the tax bill for couples where one partner is earning most of the income by allowing the lower earner to transfer some of their tax free personal allowance to the higher earner if… Read more »

IR35 Update

IR35 is the legislation that decides whether a contractor is genuinely a separate entity to the business they contract for or whether they are an ‘off-payroll employee’ that is just attempting to avoid tax by operating through a Ltd company. There was a major change in the legislation back in April that saw many contractors… Read more »

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