Finalist for Bangor Business Awards 2019
Blood Donation – David Waugh awarded Certificate for 75 blood donations
Tax investigations are on the increase
Raid on dividends helps bring record income tax haul for HMRC
How much tax do you pay on your dividends?
If you own a small limited company your shares entitle you to draw a return on your shareholding – in common parlance these returns are called dividends. A company can…
Does your employer pay for your private petrol?
A reminder that you can avoid the hefty car fuel benefit charge if you drive a company car and your employer pays for your private fuel. One way to achieve…
Unclaimed estates
There is nothing more intriguing that the notion we may be due untold riches from undisclosed sources. For example, do you have any premium bonds, and did you notify the…
Do you have a December year end?
December is probably the second most popular trading year end for businesses; the most popular being the 31 March. Your end of year planning should include a review of your…
Construction industry VAT changes 1 October 2019
Just one month to go until the so-called “Domestic Reverse Charge” will apply to VAT registered traders who are also registered to use the Construction Industry Scheme. There has been…
Tax-free annual party
If you are starting to look forward to the forthcoming end-of-year and Christmas celebrations, and we could all do with a bit of festive cheer, you may find the following…
Are you making the most of Trivial Benefits
Earlier this year we highlighted the tax concession afforded by the so-called Trivial Benefit rules. We said: It is possible to make small tax-free payments to employees, including directors… Employers…
Autumn Budget 2019
If there was a measure of stability in UK politics, we would be expecting the usual dispatch-box presentation by the Chancellor before Christmas. The annual budget is usually presented November…
Why you may need an EORI number
The end of next month, 31 October 2019, is the latest deadline for our exit from the EU and the recent hiatus seems to be pushing the UK ever closer…
Changes to contractor VAT from 1 October 2019
We have alerted building contractors and sub-contractors in previous newsletters of changes to the VAT rules from 1 October 2019. In a nut-shell, if you are subject to the Construction…
Direct marketing director punished
If your company engages in direct marketing, you may want to consider the following case published by the Insolvency Service: A property renovation boss who caused his company to make…
How fit is your business
In much the same way that we make judgements about our personal fitness: are we overweight, do we get enough exercise, do we eat the right food; similar judgements can…
The 1972 Brussels Act has been repealed
If you doubted the resolve of our government regarding the implementation of the 2016 referendum the following announcement may clarify matters. The Government has signed into law legislation to repeal…
Preparing for a no-deal Brexit
Whatever your opinion on the “leave/remain” debate there is now sufficient momentum in our new government to engineer the UK’s exit from the EU 31 October 2019, come what may.
Driving and staying in the EU after 31 October 2019
If, as our new government intends, we leave the EU after 31 October 2019, with or without a deal, what changes will drivers and travellers from the UK be likely…
Congratulations to Francine and Lorcan !
Enhanced redundancy cover for parents
The present legal protections against redundancy is to be extended by six months for new mothers returning to work. Parents returning from adoption and shared parental leave will also be…