Latest News

Changes to National Minimum Wage (NMW) April 2018

On 1 April 2018 National Minimum Wage increase for all 5 rates will take effect.

Pension Funds can be Very Effective in Estate Planning

We have featured the tax efficiency of pension fund investment in a number of recent newsletters. As well as the increased flexibility in terms of drawdown arrangements that were introduced in April 2015 there were some important changes to what happens to the undrawn funds on death. These changes mean that your pension fund can be passed to survivors tax efficiently.

BBC Presenter Loses Landmark IR35 Case

The IR35 personal service company legislation has been on the statute book since 2000 and has never really worked as intended.

The main reason for this is that the interpretation of the legislation is based on the same employment status tests referred to above, which lack clarity and are open to interpretation by the courts.

Are You Sure You or Your Workers Are Self-Employed?

Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the welfare state but reduce the tax contributions needed to sustain it.

Want to Join the Making Tax Digital VAT Pilot?

HMRC have announced that they are looking for suitable businesses to sign up for the pilot testing of the new system of digital reporting of VAT information. Turkeys voting for Christmas springs to mind?

Value your People

Making sure your people feel valued is vitally important. People who feel valued tend to be more committed to their employers and also tend to go the extra mile, when necessary. 

One of the most important duties of any manager is to ensure that their team members feel that their work is appreciated.

A Healthy Level of Disagreement

You are likely to face challenges from time to time. Perhaps you and your colleagues disagree on the direction of a project, how a change should be implemented or a particular part of the firm’s strategy. Such disagreements are a necessary evil and can actually help the business to make better decisions.

Learn from the Best

We can all learn something from the world’s leading businesses like Apple, Google, Salesforce and Amazon. These firms have invested millions of pounds in order to find new and better ways to run their various business lines. Here are some tips that can apply to almost any business:

Focus on creating an impeccable customer experience.

6 Habits of Successful People

Getting ahead can be a struggle at the best of times. If you want to be successful, you need to be highly disciplined. Here are a 6 positive habits of highly successful business people. Perhaps one or two of these can become your new “good habits” for 2018.

1. Read about your industry and beyond

Advantages of Furnished Holiday Lettings

Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses that qualify as furnished holiday lettings (FHL). 

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