Each week Bath Business News and Pearson May bring you the top national finance stories. Reporting expenses and benefits The deadline for reporting expenses and benefits for tax year 2016/17 is July 6, 2017. Read the full story here State pensions: the major changes Changes to state pension age and national insurance contributions came...
It is important that profit extraction strategies for owner-managed companies are reviewed on a regular basis to take in to account changes in circumstances and in tax rates and rules, writes Pearson May partner David Richards. The advent of a new tax year is often an opportune moment to review one’s tax affairs...
Each week Bath Business News and Pearson May bring you the top national finance stories. Managing cashflow for small businesses Think of cashflow as a balancing act to get your house in order. Read the full story here Completing your auto-enrolment duties Important procedures for completing your auto-enrolment duties. Read the full story here...
Chancellor Philip Hammond delivered his first – and last – Spring Budget on March 8 as the tax policy-making process will move over to a single main Autumn Budget later this year with a Spring Statement expected in 2018, writes Pearson May partner Nick Oliver. Possibly as a result of this, and with one...
Each week Bath Business News and Pearson May bring you the top national finance stories. New tax year: business changes Here’s an overview of the changes to corporation tax, VAT thresholds, national living wage and mortgage interest relief from April 2017. Read the full story here New tax year: personal changes Here’s an overview...
Each week Bath Business News and Pearson May bring you the top national finance stories. Third of adults not saving into a pension The latest wealth and assets survey by the Office for National statistics has revealed what people think about the various strategies for saving for employment. Some 32% of the respondents who expected...
Pearson May partner David Richards looks at the various types of life insurance available to businesses You may well have considered life insurance in the context of your personal and family relationships to provide for loved ones on your death or critical/terminal illness. But what about your business relationships? Have you thought about providing...
Each week Bath Business News and Pearson May bring you the top national finance stories. April 2017 tax and finance changes Among the incoming tax and finance changes are the Lifetime ISA and residence nil-rate band. Read the full story here More people choosing to be self-employed Despite the challenges, more people are choosing...
Pearson May partner David Richards looks at proposed changes to the flat rate VAT scheme Many small businesses use the VAT flat rate scheme (FRS) to simplify VAT reporting and some even gain a cash advantage from using the scheme. One of the conditions for using the FRS is that the business’s turnover (excluding...
Most people are aware that January 31 is the online filing deadline in respect of tax returns for the year ended April 5, 2016. But the penalties for not dealing with your affairs on a timely basis can be significant and can quickly turn into a serious issue the longer that matters are left, warns...
