NI rates hiked – how much more will you pay?
Boris Johnson announced that NI and dividend tax rates will be hiked to help fund social care, pay for coronavirus support measures and clear the NHS backlog. Who will be affected and by how much?
Accounting for the crisis unfolding in construction
On the surface, construction is booming with residential property projects dotting the urban landscape. But there is also a growing crisis as the sector is squeezed by global supply chain issues, skills shortages, and skyrocketing prices.
Special reductions and late filing penalties
The First-tier Tribunal (FTT) has considered whether a taxpayer had a reasonable excuse for filing his tax returns late. While the issue was not unusual, the FTT’s ruling was. How might its decision help you reduce a late filing penalty?
Build-A-Group Business Event
*NEW* Build-A-Group – Essex’s FREE Construction Networking Event. Join us on Friday 20th August for our free open-house business networking event at Billerciay Football Stadium.
A tax-saving tip for incorporating your business
Your accountant has suggested transferring your business to a limited company to save tax and NI, are there any steps you can take to make the transfer even more tax efficient?
Is tax payable on compensation for damaged property?
Last year our client’s premises suffered extensive structural damage. The insurer compensated him before the repairs were made. If he doesn’t use all the money will he have to pay tax on it?
Why you should maximise dividends when you can
Coronavirus has played havoc with dividends as a profit extraction method for owner managers of some companies and may have put them at a tax disadvantage for some time to come. How might a similar situation be avoided in future?
Super-deduction tax incentive extended
The “super-deduction” is a new tax incentive for businesses to purchase equipment. The qualifying conditions have now been relaxed to allow the tax break for some previously excluded items. What’s the full story?