by Andrew Totton | Jun 13, 2019 | Business Taxes, Self assessment, Starting a business?, Uncategorized
For owner-managed companies, the combination of salary and dividends as a way of remunerating themselves is a key tax-efficiency process, and getting that mix right can bring benefits to those owners. When making decisions on salaries, it is an important consideration... by Andrew Totton | Jun 21, 2018 | Employment status, Self assessment, Uncategorized
We have seen in the media recently how the rights of an individual are not always clearly classified as self-employed or employed. When considering tax, it is generally straightforward to determine employment status. The courts are however showing willingness to... by Andrew Totton | Mar 21, 2018 | Uncategorized
From the 1st April 2018 the National Minimum Wage and National Living wage will be changing. For all employers currently paying staff at Minimum wage / National Living Wage levels please note the below increases; Minimum Wage from April 2018 Ages 21 to 24 – £7.38 Ages... by Andrew Totton | Feb 19, 2018 | Uncategorized
What is all the fuss about? Making Tax digital (MTD) is a government initiative that is designed to transform the Tax system by 2020, and will mean the end of the traditional annual tax return. However, the starting timetable is much sooner than this – 2019 for some... by Andrew Totton | Jan 3, 2018 | Uncategorized
The number of penalties HMRC imposed on taxpayers for ‘deliberate errors’ on tax returns rose to 34,100 last year, up from 28,700 in 2015/16. This is due to HMRC looking to squeeze more revenue from taxpayers to bridge the gap between actual tax revenue it receives...
