…to the Small Business, Enterprise and Employment Act, and if you’re a small business, you need to know about it!
On the 30th June 2016 the Small Business, Enterprise and Employment act 2015 comes in to force. You might be wondering, what the heck is the Small Businesses, Enterprise and Employment Act and why haven’t I hear about it?
Originally due to be released in 2015, the Trivial Benefits Exemption has finally arrived. This is a great new way to pass on those small gestures that can help employees feel better cared for – and employees who feel cared for are generally happier.
How long do you have before retirement? How many pay cheques? Let’s say you’re planning to work for 20 more years before you retire, that’s only 240 pay cheques! Fewer than you thought, isn’t it?
April 2016 tax changes; It’s the time of the year that UK businesses brace themselves for, tax change time. Our annual reminder that anything can and will change. To help prevent unpleasant surprises, we thought we’d list the expected changes for the 2016/2017 year for you below:
George Osborne presented his eighth budget on 16th March 2016. We summarise below some of the principal changes that are likely to be relevant to our clients in the 2016 budget.
This year the government are introducing new legislation for landlords, which for many, will mean they have to make significant changes to the way they run their businesses. Read about the new landlord tax changes and contact our team if you think your business will be affected.
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.