Autoenrolment for small employers
Workplace pensions have been widely advertised in the press but there is still misunderstanding of who it applies to especially for small businesses. Almost any company, except director only ones, must go through the whole process although it should not be too...
Auto Enrolment for Director only companies
Every employer in the UK with a PAYE scheme should have been issued with a letter from the Pensions Regulator similar to the following one notifying them of the need to provide an auto enrolment pension for their employees. There are a small number of exceptions to...
What does the new dividend tax mean to me?
The Chancellor announced a new 7.5% dividend tax for basic rate taxpayers in the budget, to take effect from April 2016 and this has some interesting implications for small business owners particularly. The main points were: The current 10% tax credit will be...
Summer Emergency Budget Highlights 2015
In the first conservative party budget since 1996, George Osborne stresses the conservative mantra of getting more people back to work, off benefits, and paying less taxes and the following were some of the main points: The Office for Budgetary has forecast growth of...
Budget 2015 – an election special?
As expected at this stage of the Parliament, while there was not a lot of room for manoeuvre, there were some sweeteners across the board. There was little for small businesses as alot of the headline issues were aimed at individuals. More will be released in the...
EasyBooks accounts for Mac and iOS
While the arrival of cloud accounting products means that many of the existing products have migrated from PC, there has always been a demand for an accounting product for Mac users. As far as I know EasyBooks is the only dedicated accounting product for Mac users...
VAT and selling services or goods overseas
The rules and principles for selling overseas are quite involved as they depending on where the sales are being made, whether they are goods or services and whether you are selling to a business or consumer. Services are the most topical at the moment with the...
Capital gains tax for non-residents introduced
There are many properties in London owned by non-residents who have been able to benefit from capital gains without paying tax and a change in this area has been expected for some time. Following the consultation in summer 2014 the government has decided to introduce...
Autumn Statement Highlights
The government has little room to manoeuvre with lower than expected tax receipts and continued austerity, but there were a few changes of interest: Reform of stamp duty on domestic dwellings has for a long time seemed unfair and this was an unexpected change. It has...
New VAT rules if selling digital services
Our thanks to Mark Lee for this guest post: The small business community is beginning to wake-up to the changes for VAT on international digital services that apply from 1 January 2015, and those affected are complaining about the lack of guidance about the new rules....