Fundamental changes in the taxation of savings income and dividends in the hands of individuals came into effect from April 6, 2016. While heralded as a simplification, removing the need for a lot of people to complete Self-Assessment tax returns, a year down the line some practical issues and unexpected consequences have emerged meaning...
Each week Bath Business News and Pearson May bring you the top national finance stories. Employee benefits and costs on employers Staff benefits available and the impacts on employers. Read the full story here Parents-to-be saving into Junior ISAs Saving for your child’s future using Junior ISAs. Read the full story here
Each week Bath Business News and Pearson May bring you the top national finance stories. 22% of over-55s opt out of auto-enrolment Those nearer to retirement are 3 times more likely to opt out of workplace pensions. Read the full story here R&D tax relief for SMEs How SMEs can benefit from Research and...
The introduction of a new Residence Nil Rate Band (RNRB) was announced in the Summer Budget of 2015 and came into effect from April 6 this year. Individuals may wish to review their wills and consider the tax planning opportunities which might arise from the introduction of the RNRB. By April 2020, certain individuals...
Each week Bath Business News and Pearson May bring you the top national finance stories. SMEs issued with cybercrime warning Small and medium-sized firms must take steps to protect their business from cyber-attacks. Read the full story here Retirees fear savings will dry up Some 35% of retirees worry about running out of money...
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...
