Could getting your clients prepared for the Minimum Wage Increase April 2019 help them maintain a good Gross Profit Margin? With the festive season upon us it is hard to think about what we need to address in April, but by advising your clients of the new Minimum wage now you could make sure their Gross Profit…

Date posted: December 13, 2018

Tax Relief brings some Christmas Cheer for your clients! As the Christmas season is rapidly approaching here’s a quick reminder of what is tax deductible and what isn’t! Christmas Parties The rules on Christmas parties depend on who is invited… Staff – the main tax implication of staff Christmas parties is whether you need to report…

Date posted: December 6, 2018

GAP insurance can protect against a financial shortfall in the event a vehicle is written off. It’s not just the dealerships who provide GAP insurance…… GAP insurance can be offered to new and used vehicles and can protect against a financial shortfall in the event a vehicle is written off. The motor insurer’s total loss settlement figure…

Date posted: November 29, 2018

Are your clients an Employer paying employee’s a fixed salary? There’s only 5 months to go until the new legislation comes in that requires all employees to be provided with itemised payslips. On the 8 February 2018, a new statute was laid before Parliament: The Employment Rights Act 1996 (Itemised Pay Statement) (Amendment) Order 2018….

Date posted: November 22, 2018

Are you married or in a civil partnership? If so you may be entitled to a £900 tax break called the marriage tax allowance. It is estimated about one million couples are still missing out! Are you one of the millions of people who are eligible but haven’t claimed yet? Found out what it is…

Date posted: November 15, 2018

It could be a costly exercise if you try to save money on the sum you insure for! Research carried out by the Building Cost Information Service, part of the Royal Institution of Chartered Surveyors underlined the fact that 80% of Commercial Properties were underinsured and that the property market in general was shown to…

Date posted: November 8, 2018

One of my guilty pleasures is live music!! I would hate to add up all that I’ve spent on gigs, concerts and festivals over years, although the memories I have from these events is priceless. All my snapchat and Facebook friends will already know that last week I went to see Kylie Minogue in Manchester.   …

Date posted: November 1, 2018

Allowances Personal Allowance – the personal tax-free allowance for UK residents will increase to £12,500 from 6th April 2019. Higher Rate Threshold – the higher rate tax threshold for UK residents will increase to £37,500 (£50,000 including personal allowance). Income Tax rates and thresholds on non-savings, non-dividend income for Scottish taxpayers are set by the…

Date posted: October 30, 2018

Around 2.3% of the UK work force use zero-hour contracts and this number is rising. Employer’s usually employ people under a zero-hour contract to secure flexible employees when staff levels vary throughout the year.   It is useful to use zero-hour contracts where work demands are irregular or there is not a constant demand for…

Date posted: October 25, 2018

You may notice on your 2017/18 self-assessment tax return that you are being asked to make ‘payments on account’ towards your 2018/19 tax return. This will be the case if your Income Tax and class 4 National Insurance total more than £1,000 for the tax year and you don’t pay tax at source on more…

Date posted: October 18, 2018