Insights

CIS Gross Payment Status – Difficult To Get – Easy To Lose?

How to get gross payment status…. Subcontractors working in the construction industry will be aware of the hoops a business has to go through to obtain Gross Payment Status (GPS) in respect of the payments they receive from contractors. A business will have to prove...

The Future World of Work

In a world of continuous change and disruption, Consulting Partner Donal Laverty shares his thoughts on how organisations can prepare, adapt and evolve to thrive in the future. Click here to listen.

Changes to PAYE Tax Codes

Major changes to the way in which PAYE tax codes are calculated have been introduced. The introduction of Dynamic Coding now means that any underpaid tax will be collected in the tax year in which it arises. Once HMRC is advised of a change in circumstances, instead...

Extension to Childcare Voucher Scheme

The Government announced a six-month extension to the Childcare Voucher (CCV) scheme following a Parliamentary Debate and Vote to keep Childcare Vouchers open to new entrants beyond April 2018. The deadline for new entrants to join the existing CCV scheme has been...

Payroll Changes

  Pension Contributions Under the Pensions Act 2008, the minimum amounts that should be paid into automatic enrolment pension schemes will increase as planned - Date Effective Employer Minimum Contribution Staff Contribution Total Minimum Contribution 6th April...

The 10 Percenters

We constantly advise people who are completely sure that they will automatically be rewarded with a big pay off as a result of selling their company one day. They are also entirely sure that they will only suffer tax at 10% on the sale and they seem shocked when we...

Better Information, Better Business

With increasing competition, comes an increasing need to focus on efficiency and timely, informed decision making. Fully utilising computerised accounting systems is vital in achieving this. Designed for complete control when managing finances, Sage Accounts is fast,...

Foreign Pensions

In recent budgets the government has been trying to align the taxation of foreign individuals with the UK tax system. Up to 5th April 2017 only 90% of a foreign pension or annuity payable received by a UK resident (except those claiming the remittance basis) was...

Salary Sacrifice

It was confirmed in the Autumn Statement that salary sacrifice schemes in respect of certain benefits would no longer be effective for tax and NIC purposes. However, the following benefits can continue to benefit from tax and NICs relief if provided through salary...

Staff Turnover and Retention… The Facts

A recent report by Oxford Economics1 suggests that the cost of replacing one ‘lost’ member of staff is a staggering £30,614, which includes the cost of replacement, management time, HR time and involvement and recruitment costs as well as lost productivity and income...

Entrepreneurs’ Relief – An Update

Entrepreneurs’ Relief is a very valuable and effective way of managing your tax rate particularly when you are considering disposing of your business, succession issues and overall planning. It has been with us since April 2008 and is a very generous relief making the...

See how we can help you

You are welcome to make full use of the free online services on this site. You will find hundreds of pages of up-to-date information and advice to help you with your business development, personal finances and tax planning.