How do you check your email? If you’re like most people, it’s often on a much smaller screen than the one you were using just a few years ago. Today, more and more emails are opened on a mobile device. So, when it comes to your business’s approach to email marketing, you need to make […]
Pension Tax Relief restricted for higher earners
As mentioned in the Conservative party manifesto, tax relief for pension contributions is to be restricted for those with income in excess of £150,000 a year. We were told that this is intended to fund the increase in the inheritance allowance for passing on the family home. The current £40,000 pension annual allowance will be […]
Changes to taxation of dividends & the impact on family companies
The Chancellor has announced that from 6 April 2016 there will no longer be a notional tax credit associated with dividends received and the following rates will apply after a £5,000 tax free dividend allowance: Basic rate taxpayers – 7 ½% Higher rate taxpayers – 32 ½% Additional rate taxpayers – 38.1% This will mean that from […]
Getting your content right
We often hear that content is very important for digital marketing, but sometimes it is difficult generate ideas for new posts. Here are a few ideas for content creation to help keep your customers engaged: Product or Service Tips Offering some quick tips on how to use your product or service will create content that’s […]
IHT & The Family Home & Charges affecting non-domiciled taxpayers
Inheritance Tax & The Family Home As mentioned last month the Chancellor has confirmed the introduction of an additional inheritance allowance that will be available in addition to the current £325,000 nil rate band which will, when fully phased in, allow a couple to pass on the family home tax free up to a value […]
Corporation Tax Rate to be cut to 18%
The current UK corporation tax rate of 20% is the lowest rate in the G20, the 20 major trading nations. This rate continues to apply until 2017 when it has been announced that the rate will be reduced to 19% and then 18% in 2020. This appears to make trading via a limited company more […]
New company car advisory fuel rates
Company car advisory fuel rates These rates are the suggested reimbursement rates for employees’ private mileage in their company cars and are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. In line with an increase in fuel prices, the rates that apply from 1 June 2015 are as follows: Engine […]
Clarification finally issued on new dividend tax!
Following the announcement in the Summer Budget of a major change to the taxation of dividends, HMRC has now published a factsheet which clarifies the rules. How will they work? Changes to taxation of dividends In the Summer Budget the Chancellor dropped a bombshell for owner managers of smaller companies by stating that, from April […]
New ‘National Living Wage’ tax credit changes!
The most radical announcement by the Chancellor on 8th July was a significant reduction in the amount the government plans to spend on tax credits and other State benefits. At the same time he announced that there would a new national living wage to be paid by employers, rising to £9 an hour by 2020. […]