Still using pen and paper? We don’t blame you, sometimes it’s the best way with so many softwares, websites and apps out there on the market, many of which don’t have the specific functionality that a small business owner needs. But fear not! It’s a new year and the tech offering has never been so strong.
One of the best features of our brand new website is the addition of a cloud-based accounting software. Why? Because gone are the days of the traditional office worker, welcome to 2016 where the world is your office. We’re embracing that fact, celebrating it and working hard to make your business run more smoothly.
Most businesses entertain customer, suppliers and useful business contacts from time to time. It has long been the case that tax relief is not available on entertaining expenses, but in large companies, employees whose role includes entertaining will always seek to reclaim these expenses to avoid being out of pocket.
In the summer budget the Chancellor announced that from 6th April 2016 the tax credit on dividends would be replaced by a £5,000 tax free dividend allowance available to all. He went on to say that a dividend tax would also be introduced so that basic taxpayers would pay 7.5% tax, higher rate taxpayer would pay 32.5% tax, and additional rate taxpayers would pay 38.1% tax.
George Osbourne presented his first budget under a majority conservative government on 8th July 2015. We focus in this blog on some of the key measures that we believe will be of interest to our clients.