by Ali Miah | 24 May 2023 | Business Management, Business Planning, Business Tax, Corporation tax, Employees, Government Initiatives, Human resources, Management, PAYE, PAYE and NI, Payroll, Personal tax
Will new tips rules affect your business?
A new Act on tipping has been passed with the aim of ensuring that more of what customers leave as tips go to staff. Does this mean you need to update your payroll processes and are there any changes to how tips are taxed?
by Ali Miah | 17 Apr 2023 | Inheritance Tax, Personal tax, Personal tax planning, Retirement Planning, Tax Planning, Trusts and executorships, Wills and Probate
Managing inheritance tax Like many other taxes, inheritance tax (or IHT) allowances have been frozen. This sounds generous of the chancellor at a time when the government is strapped for cash. But it actually means that we are paying more. Data from HMRC has revealed...
by Ali Miah | 4 Jun 2018 | Business Tax, Corporate tax planning, Personal tax, Personal tax planning
When should you take perks instead of dividends?
As a rule of thumb, dividends are the most tax and NI-efficient method of taking income from your company. But there are sometimes better alternatives. What are they and when can you use them?
by Ali Miah | 1 Nov 2017 | Business Planning, Business Tax, Corporate tax planning, Corporation tax, Government Announcements, Pensions Savings Investments, Personal tax, Personal tax planning
There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget.
by Ali Miah | 6 Oct 2017 | Personal tax, Personal tax planning
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends.
by Ali Miah | 7 Aug 2017 | Business Tax, Corporate tax planning, Corporation tax, Personal tax, Personal tax planning, Tax Planning
Working parents can start applying for two new Government childcare schemes launching this year – Tax-Free Childcare which begins immediately and 30 hours free childcare which starts in September.