As a business owner you no doubt receive requests from local schools, community clubs and charities to sponsor events, donate equipment or make financial contributions. These are all great ways to give back to the community and raise the profile of your brand, but you may be hesitant if you don’t know what the VAT [...]
Did you know that the law on workplace pensions has changed? The Government introduced new legislation in 2012 making it compulsory for employers to enrol eligible workers into a workplace pension scheme and make regular contributions. This is known as automatic enrolment or auto-enrolment. Every employer must enrol workers into a workplace pension scheme if [...]
When it comes to company cars, fuel and tax can be a complicated business. It may not seem so at first - you have a car, you use it for work, so you can include it as a business expense, surely? Unfortunately, it’s not that simple. Company car tax Company cars are considered a Benefit [...]
The government was set to launch tax free childcare in late 2015 however court action meant that this was delayed. The companies that brought the challenge to the Supreme Court lost their case and now the new scheme will be delayed until early 2017. In having the delay it allowed the Chancellor to make one [...]
If you’re a company owner and/or director then you need to be aware of a recent Government move which has changed the way you can take funds out of your business. Although designed to simplify the process, it is suggested that this will have the biggest impact on smaller SME companies. Changes to your [...]
Disclaimer: Articles are accurate at the time of posting but may be affected by legislative changes and individual circumstances. Please always contact us for personalised advise and assistance.
If you run a business from a property that you own there are tax benefits in transferring the building’s ownership from the business, over to you as an individual. You can also transfer it from your company to one or more owners. Here’s how it works To explain how this works we’ll use the [...]
If you are a company director one way that you’re likely to reward your contribution to the business is by paying yourself an annual dividend. New accounting rules (which came into effect in January 2015) now require companies to show more detail in their annual accounts and this change could make it harder for directors [...]
At Aspirations we are always looking for ways to help you to save tax and if you are in receipt of dividends, either from your company or from a share portfolio then the new dividend tax will be of special interest to you. Why not ask us to review your tax position on the dividends you receive and see if we can help you to save tax?
You, me, everybody would prefer not to follow a checklist, yet they keep us alive in many walks of life. Checklists can keep your business alive too and help it thrive.
