You can claim 100% of the VAT paid on a car that is used as a genuine pool car. A pool car has 2 main features: It is not allocated to any single employee and is available for the general use of company employees. It is kept overnight at the business premises and not the… Read more »
Posts By: ilyas Patel
Marriage Allowance Tax Break
Latest HMRC statistics have shown that since the marriage allowance was introduced nearly two years ago, only one in four couples have signed up for the tax break. HMRC is urging couples to give their finances a boost and have pointed out that since the start of the new tax year in April, couples can… Read more »
Trivial Benefits: Not so trivial £50
We have found a fantastic way to motivate your employees! Fortunately, there are now some great new rules introduced by Finance Bill 2016 which indicates that NO TAX is payable on trivial benefits. Here’s the criteria that need to be satisfied for a trivial benefit: Up to £50 per benefit. If the benefit is provided to a group of… Read more »
Buy to Let Landlords Worried Over April 2017 Tax Hikes
It has been reported that almost two thirds of buy to let landlords are in fear of the April 2017 changes to income tax relief and tougher mortgage affordability checks. Results from the latest Property Investor Survey showed that one in ten landlords had not even heard of the imminent tax changes. Despite their worries… Read more »
How’s your Accountant doing?
When you started working or set up your own business, the accounting side of things may have looked daunting. Your first instinct may have been to get an Accountant and for many, this is the last time they really gave it a huge amount of thought. Accountants though come in an array of types, like all… Read more »
The Scams
Beware the scams now that YOU take responsibility for pensions: [Cathryn: Hi you’re speaking to Cathryn at The Pensions Advisory Service how can I help you? Geoff: Hi, I was called out of the blue from a company who did a pension review for me, I think I might have got a bit… Read more »
We’re recruiting…
Monster Charges
And so it starts, the persecution, prosecution and penalties for Small Businesses as the Regulator confirms there has been a considerable increase in the number of compliance notices issue; with some small firms failing to get their affairs in order until they were issued a fixed penalty notice of £400. When they rolled out the… Read more »
2016 for small business owners…
What will 2016 hold for small business owners? Well aside from the new rules on pensions that turn all employers (even if it’s just a single carer or gardener on the books) into pension providers and contributors through Auto Enrolment, there’s the new quarterly tax returns now that HMRC is pushing. This aim is to… Read more »
Confused by Auto Enrolment – understandable
Whether you employ one member of staff or a factory-full of staff, a cleaner, carer, gardener or bookkeeper… you MUST provide the opportunity for a workplace pension; you have no choice on this. The government has rolled out Auto Enrolment and you’re caught up in it if you employ anyone. Sorry this is not nicer… Read more »