Operating a payroll can be both time consuming and complicated, and the introduction of Pensions Auto-enrolment has increased the burden on employers, heightening the potential risk of penalties for non-compliance or late submissions.
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If you are an owner / shareholder of an SME (small and medium-sized enterprises) there could be a good argument in favour of making pension contributions in addition to or instead of drawing a dividend.
The rapid disruption caused by the various social distancing measures has resulted in a liquidity shock to many businesses. Therefore, we would like to circulate what we have learned about the various financing and government support options expected to be available to date.
A leading tax expert today welcomed the decision to delay complicated tax changes that will affect thousands of contractors in the private sector.
The demand for short term asset backed finance (also known as “bridging” finance) continues to increase year on year due to the ongoing lack of appetite and responsiveness from mainstream high street banks.
There is much talk these days about responsible business, and the need for greater corporate responsibility, perhaps more talk than action in many instances.
Recent reports have shown that HMRC’s sophisticated automated information system, Connect, is being used increasingly frequently to identify income and gains that have not been declared for tax purposes, and the amount of information that HMRC can access to check whether an individual or business is evading tax is growing all the time.
HM Revenue and Customs (HMRC) introduced the new Making Tax Digital (MTD) programme in April 2019.
Experts at Whitley Stimpson are urging couples to act now to see if they could get a £900 tax rebate before it’s too late.
Parents and grandparents can create a substantial nest egg for their children, with minimal effort, by being clever with their tax planning. By starting a stakeholder pension fund for each of your children and paying in an amount each month, even though they are not taxpayers, there is considerable tax relief available.
