Dividends from your company
From April 2022, as well as an increase in the national insurance contributions, the tax on dividends also increases. An […]
Planning
“Casual Labour” – tread carefully!
There have long been misconceptions regarding labour costs, “self-employed staff” and “cash in hand” payments. Employing someone through the PAYE
Inheritance Tax and gifts out of income
There is a £3000 annual allowance for gifts – a very small amount! However, another exemption which might be useful
Would the VAT Flat Rate scheme save you money?
Under the VAT rate scheme, a flat percentage is used to calculate the VAT payable, ignoring VAT incurred on expenses.
Saving for your pension – beware the annual limits
The maximum annual allowance for pension contributions is currently £40,000 p.a. although it is possible to use up some past
Changes to NI rates for 2022/23
From April 2022, the Government plans to create a new social care levy which will see UK-wide tax and National
Inheritance tax – the housing and stock market booms means more estates could face IHT bills
Latest estimates from HMRC are that IHT receipts will hit £5.6 billion in 2021/22 rising to £6.3 billion pounds in