The 2014-15 tax year finishes midnight, 5 April 2015. There are a number of tax planning opportunities that need to be considered before this date. Only a few weeks to go. If you have not already done so we recommend you speak with your professional advisor without delay. Who should be concerned? Tax year end […]
Tax Diary of Main Events
Date What’s Due 1 February 2015 Corporation tax for year to 30/4/14 19 February 2015 PAYE & NIC deductions, and CIS return and tax, for month to 5/2/15 (due 22 February if you pay electronically) 28 February 2015 Surcharge of 5% on 2013/14 self assessment tax still unpaid. 1 March 2015 Corporation tax for […]
Landlords Energy Saving Allowance ends 5 April 2015
Landlords can reduce their tax bill by up to £1,500 a year with the Landlord’s Energy Saving Allowance. Unless extended in the forthcoming budget, this scheme is due to end 5 April 2015. What you can claim You can claim Landlord’s Energy Saving Allowance for the costs of buying and installing the following energy-saving products […]
Virtual Office Space
Most businesses consider the office environment to be the conventional way of working. With the rising costs of office space, many businesses are starting to look for other ways of working to reduce costs and the concept of flexible working is gaining popularity. This is facilitated through technology and more progressive management strategies. Virtual offices […]
Gift Hold-over Relief
This relief will help you to defer capital gains tax (CGT) when you give away chargeable assets or if you sell something subject to CGT for less than its market value. The relief is called Gift Hold-Over Relief and could be claimed if you give away business assets (including certain shares) or sell them for […]
State Pension Changes
From 6 April 2016 the new flat rate State Pension will be introduced, which is expected to be around £150 a week. A person’s actual entitlement will depend on their National Insurance contribution record. Those who have built up an entitlement greater than the flat rate amount due to paying SERPs or other additional contributions […]
Business plans
Why you need a business plan A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts. A business plan helps you to: clarify your business idea spot potential problems set out your goals measure your progress You’ll need a business plan if you […]
Public Relations (PR) Strategy
PR should be an integral part of any business’s overall marketing plan. Some businesses think that social media and PR are the same thing but social media is a channel through which to broadcast your PR message. Every business should have a PR strategy, even if that business already has a regular stream of customers. […]
New rules to safeguard value for money in workplace pensions
From April, people automatically enrolled into a workplace pension will see their charges capped at 0.75%, unless they have chosen a more expensive option. The details are set out in draft regulations laid before Parliament on 4 February 2015. For an average earner currently paying into a fund with a charge of 1.5%, this new […]