The Government is urging SMEs make use of a scheme that can earn them a £2,500 voucher towards the installation of fibre optic broadband.
The Government is urging SMEs make use of a scheme that can earn them a £2,500 voucher towards the installation of fibre optic broadband.
According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September.
Hundreds of thousands of taxpayers could be affected by potential reforms of the financial arrangements that allow them to pass on their wealth.
Important Deadlines for individuals, self-employed and CIS subcontractors Individuals, sole traders and CIS subcontractors Filing deadline Second payment on account for 2019/20 tax year 31 July 2020 Deadline to advise HMRC that you need to register for self-assessment for the tax year 2018/2019 5 October 2019 Deadline for filing Self-Assessment Tax Return with HMRC if
In simple terms, expense is the money spent by an organisation for the purpose of business. In accounting, an expense is an outflow of cash or other asset of value incurred during a particular accounting period. As a limited company contractor, you may incur various business expenses whilst undertaking your contract duties. Claiming all your
The marriage allowance was introduced to take effect from the tax year 2015/16. The marriage allowance allows certain individuals who are married or in a civil partnership to elect to transfer some of their personal allowance to their spouse or civil partner. Who will get the benefit? The election will be relevant to those couples
A business is a limited cost trader if its VAT inclusive expenditures on relevant goods is either: Less than 2% of your VAT Flat rate turnover Greater than 2% of your VAT flat rate turnover but less than £1,000 per year or £250 for the quarter You are required to check every quarter if you
Income taxThe personal allowance for the tax year 2017/18 has been increased to £11,500.Class 2 and Class 4 National Insurance contributions (NICs) The government will abolish Class 2 NICs on self-employed from April 2018. The rate of Class 4 National Insurance will increase from 9% to 10% in April 2018, and then to 11% in
The hourly rate for the minimum wages depends on your age and whether you’re an apprentice. The National Minimum Wage (NMW) is the minimum pay per hour almost all workers are entitled to by law. The National Living Wage (NLW) is higher than the NMW – workers get it if they’re over 25. The government’s
The lifetime ISA will be available from April 2017 to help young people save for long term, particularly when buying a first home. You can open a lifetime ISA if you are aged 18 or over but under 40. As with other ISAs, you won’t pay tax on any interest, income or capital gains from
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