News

Tuesday 16th May 2017

Income tax to increase in Labour's general election manifesto

If Labour with the next general election income tax rates would be increased to

  • 45p for people earning over £80,000
  • 50p for people earning over £123,000

Almost one million more workers (the top 5% of earners) will be pulled into the top rate of tax if Labour wins the upcoming General Election, according to the party’s manifesto.

Other measures are included for more free childcare, nationalisation of the railways and water companies and excessive pay levy on salaries above  £330,000.  Further measures are in place to preserve the bee population and have the provision of free wifi on public transport.

News

May deadline dates for HMRC and Companies House

 If you are involved in the running of a Small Business you should take note of these key VAT, PAYE, Income Tax, National Insurance, Corporation Tax and Companies House dates for May

more...

Give yourself a gift and save tax

 A company can give gifts up to £50 in value to its directors and secretary, without creating taxable benefits. In other words, you can receive a gift from your company and reduce your corporation tax bill.

more...

How paying rent for your home office can save you tax

 This is a great tax tip on how to take funds out of your company with little or no tax to pay

more...