Update on HMRC’s plans for Making Tax Digital, Benefits of Private Pension Contributions and Class 2 NIC’s.
Have you heard of it? If not, that’s no surprise! It’s the accountancy equivalent of the snow leopard, confirmed to exist but rarely seen…
Tag: accountancy
Dividends or Salary/Bonus Payments?
For several years, dividends have proven to be a tax effective way for owner/shareholders to extract profits from their company. Whilst salary and bonuses are tax-deductible for the company, and will currently save 20% corporation tax, this saving does not fully offset the substantial costs of National Insurance contributions (NIC) which accrue when making payments through the PAYE system.
Auto Enrolment – An Overview
Many readers may be surprised to learn that auto enrolment has been in operation for large employers (250+) since 2012. The auto enrolment process will continue up to the final staging dates in 2017, but despite recent TV advertising campaigns from the Pensions Regulator featuring the larger than life character ‘Workie’, it seems some employers are still unsure or in some cases unaware of how this fundamental change may affect them and their employees.
Targets, Focus and Clarity
I can’t stress enough how important it is to hit the ground running in January and make sure you’re already on target for your goals and objectives. It’s far easier to hit your targets when each month’s results are in line with your projections.
Make sure you plan these costs into your 2016 staffing budget
As the end of 2015 approaches, the celebrations are starting. Employees everywhere are getting into the festive spirit. But as a small business owner, you know only too well this is not a time to relax and take your eye off the business. You thoughts will already be turning to setting 2016 goals, budgets and planning what staff will be needed to achieve those ambitious targets.
Continue reading Make sure you plan these costs into your 2016 staffing budget
What Business Finance is available and what’s the right option for my business?
What Business Finance is available and what’s the right option for my business?
As the thoughts of small business owners turn to budget planning for 2016, Supply My Business felt it would be useful to ask member SME Business Finance to provide an overview of the different types of finance available to businesses to help them manage their capital expenditure and cash flow more effectively to grow their business…
Continue reading What Business Finance is available and what’s the right option for my business?
Act Now To Keep HMRC Off Your Back
Most of us who are required to submit a tax return will be well aware of the impending due date of 31st January getting closer and closer. A mandatory £100 fine is given to all those who fail to meet it as soon as you cross midnight on 31st January, and further delays and the penalties can increase up to £1600.