2nd September 2015

Dividend Tax – How it Affects You

There was a very important change in the recent budget that affects small limited companies. The introduction of the dividend tax and dividend allowance. Up to now, business owners have been able to take out between £28-31k without incurring any personal tax (depending on the level of salary they have used). However, from April 2016 this will all change. From April 2016, the first £5k of dividends will be tax free, but you will then pay tax of 7.5% up […]
20th March 2015

10 Good Reasons to Pay into a Pension Before April

There are big changes ahead on the pension front as of April 2015. So, read these top ten tips to ensure you make the most of your pension savings: 1.Immediate access to your pension savings for over 55’s – the changes to the legislation mean that the over 55’s will now be able to access their pension savings like they can with any other savings accounts. Generally, due to the combination of tax relief and tax free cash, pensions will […]
31st October 2014

10 Tips for a TLC Business

To succeed in business today, you need have a clear strategy, a good plan, robust internal processes, and the right team advising you. So here is our starter for 10. 1. Know who you are and where you are going – have a clear proposition of what you do with a plan of action to achieve your objectives. 2. U nderstand the Risks and Rewards – being aware of the potential risks and taking steps to militating against them. 3. […]
16th September 2013

Directors – Increase your pay with no additional Tax or National Insurance

Good news! From April 2013, any directors can pay themselves an increased salary of £641 a month, without having to pay tax or national insurance. It will then be possible for any director to take a dividend of up to £30,382 (net cash) without paying any additional national insurance or income tax. To read more of this blog, click here