Quarterly reporting to the tax office is on its way, that is certain. This will apply to business as well as all individuals with secondary or non-PAYE income in excess of £10,000 in any tax year.
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Many people operate their business through a limited company. Whilst one reason for choosing to do so is to reduce their tax liability, there are a large number of other reasons why they may wish to do so.
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More employees could be hard hit by both the intended and ‘unintended consequences’ of lifetime allowance and tapering changes coming into effect this April. And it is not just ‘high earners’ that need take note.
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It is approaching that time of year again, dreary January. However, as well as making commitments like going to the gym, and maybe to lose a few pounds off that waistline, it is also a good time to have a look at your financial affairs also. So here are a few points to consider: –
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Do you employ someone? Concerned about the workplace pension? Why not let us run your payroll at an additional cost of a mere £4.50 to yourself!!
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As we approach Christmas we thought we would spread some Christmas cheer amongst our readers by looking at a major change in the taxation of dividends that is taking place from April next year.
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WE are continuing to see the recovery in markets since the August correction and as predicted there was little to get concerned about. But what really did happen in August?
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