The Childcare Vouchers scheme currently in place is due to be replaced by the tax free childcare scheme from Autumn 2015.
The new scheme will eventually be worth up to £1,200 per child and so save… Continue reading
Once again we are approaching the end of the tax year. At this time of year it is important to look at the annual tax reliefs available and make sure that where possible we have utilised these… Continue reading
Universal credit is the new support payment for those looking for work or on a low income. It replaces:
It will… Continue reading
There are numerous sources of finance available but actually securing it and ensuring it is the right source of finance can be a major challenge. The following aims to provide an overview of some of the sources and some of… Continue reading
Child benefit is being withdrawn through an income tax charge in households where someone has an income of over £50,000 per year. If this income is between £50,000 and £60,000 the income charge will apply gradually and only where the… Continue reading
Individuals with income above £150,000 are subject to additional rate tax at 50%. Although it may seem a fortunate position to be in, giving half your earnings to the tax man is not pleasant. However, after… Continue reading
Have you ever wandered what adjustments your accountant makes and why?
The net profit in the accounts is only the starting point for the calculation of taxable profits, the accountant will make adjustments for the following:
Cycle to work
Definition:
From October 2012 and 2017 all employers will need to have a registered pension scheme into which they will auto enrol all eligible staff into and will also have to pay contributions into it.
If you… Continue reading
