Dividend – Micro Company profit extraction
F (No 2) A 2017 received Royal Assent on 16 November 2017. Section 8 of that Act reduces the dividend allowance from £5,000 to £2,000 [...]
What evidence do I require for VAT?
The detail is included in VAT Notice 700 which is required reading for any VAT registered business. If you haven’t printed off a fresh [...]
Autumn Budget 2017 – A Brief Summary
“BUILDING A BRITAIN FIT FOR THE FUTURE” This was the main theme of the Chancellor Phillip Hammond’s second budget (full policy paper can be found [...]
Wages..can I pay my wife to work in my business?
In a recent case heard by the first tier tribunal McAdam v HMRC a deduction for wages of £90 per week paid by a plumber [...]
Do you qualify for the new Trading Allowance?
Whilst the idea of a £1000 tax free allowance sounds simple as always there are a number of areas which the tax payer needs [...]
Tax News Round Up – November
In this post we have a round up of Tax News items for November Changes to Pension Tax relief in the Budget? There [...]
Creating Value Based Pricing System
A value based pricing strategy is one which sets prices primarily, (but not exclusively), in line with the perceived or estimated value of a product [...]
Personal Savings Allowance: How it works
From 6 April 2016, if you’re a basic rate taxpayer you’ll have been able to earn up to £1,000 in savings income tax-free. Higher [...]
HMRC no longer accept personal credit card payments
From 13th January 2018 HMRC have advised that they will no longer be able to accept personal credit card payments. Prviously HMRC have accepted credit [...]
Getting data into Kashflow made easier with Iris Snap
Iris Snap released A new data capture tool, Iris snap, has been released to help make the life of businesses owners who use Kashflow [...]