The Government is to introduce an allowance of £2,000 per year for all businesses and charities to be offset against their employer Class 1 secondary NICs’ bill from April 2014. The allowance will be claimed as part of the normal payroll process. The Government will engage with stakeholders on the implementation of the measure after.. read more →

How the capital allowances regime and annual investment allowance will change. Capital allowances: low emission vehicles Legislation will be introduced in Finance Bill 2015 to extend the 100% allowance (FYA) for expenditure incurred on cars with low carbon dioxide emissions and electrically propelled cars for an additional three years to 31 March 2018. Update of.. read more →

When buying a property, whether as a first time buyer, moving up the property ladder, or as a buy to let property, the most important cost that you’ll have to factor into your finances is the mortgage. You’ll need to make up the initial deposit and then meet the monthly mortgage payments. However, before the.. read more →

The PAYE system is changing from April 2013 and, if you operate a payroll, YOU WILL BE BE AFFECTED. HM Revenue & Customs are introducting a new process called Real Time Information, or RTI.  The official reason is so things like tax credits and benefits are more accurate.  A by product is that HMRC will.. read more →

High income earners have until 5 April 2013 to review their tax position for 2012-13. In most cases action will need to be taken prior to this date. Deferring income – If you normally receive bonuses this month or a dividend from your company you should estimate your earnings for the next tax year, 2013-14,.. read more →