Business owners and financial planners alike were surprised when the chancellor announced changes to the taxation of dividends in his Summer Budget statement…
Seemingly as quickly as it came, another year is galloping off into the distance and people’s minds are beginning to turn to the festive season. Employers will want to show their staff that the year’s hard work and dedication has not gone unnoticed.
There are many ways that an employer can go about rewarding their staff, from gifts and bonuses to parties…
In 2013 George Osborne announced a £2,000 employment allowance which removed the first £2,000 of employers’ National Insurance contributions. This tax cut is estimated to benefit 1.25 million businesses and 35,000 charities. It is also predicted that 450,000 businesses will drop out of paying employers’ National Insurance completely.
In order to simplify the accounting process for smaller businesses the government has recently announced that for the 2013/14 tax year sole traders and partnerships with sale income less than £79,000 will be entitled to use a cash basis when calculating the figures to be included on their tax returns. This would be instead of the more complicated accruals basis that all businesses currently use
SMEs can now access a new £40million investment fund managed by Finance Wales to support SME growth
Important deadline reminders for your tax, VAT and accounts for August/September 2011