Getting the most from your ISA

If you want to save small, regular amounts, one thing you may want to look at is an Individual Savings Account (ISA). It’s most likely available from your local bank.  Most banks, building societies and a variety of other providers provide them.  Even though the interest rates are still low, these are still a popular ‘tax-free’ saving option.
ISA Investments
If you’ve […]

Retirement planning: let the taxman help

Retirement is a time that most people look forward to, and with a solid financial plan in place for retirement planning, you can too.

While many individuals have looked to parallel investments for retirement in the current climate – such as gold, second homes or buy-to-let – it is important to take advantage of tax reliefs and (tax-deductible) employer contributions to […]

Extracting profit – and saving tax

While there are numerous ways of extracting profit from your company, each option has its own implications in terms of the amount of tax you pay, as well as for the company itself.  Here are some key planning strategies for extracting profit and saving tax.

Note that corporation tax is the tax due on a company’s profits, while personal income tax […]

Do your employees have the correct business motor insurance cover?

It has recently came to our attention that police are targeting employees who do not have the correct business motor insurance cover on their vehicles. If any employee uses their car for work purposes then their insurance policy is required to include business cover.

The more common social, domestic and commuting use does not cover any travel which is on behalf […]

Xero Online Accounting Software: Everything in real-time

?Whether you’re still using spreadsheets (or – gasp! – pen and paper), or have downloaded accounting software that you try to use, it’s easy to get confused, frustrated, and weary of dealing with this bookkeeping task.

One of the ways you can remove this frustration from your business life (and save countless hours for yourself and your employees) is to use […]

Pension Fund Auto Enrolment

Are You Meeting The Pension Fund Requirements?

With the announcement by The Pension Regulator that they have opened 89 cases of potential Auto Enrolment Non-Compliance and issued their first fine, the time is now to start looking at the legal requirements on your business. With large businesses already through their staging dates and small and medium sized businesses getting within 6 […]

National minimum wage increase

The rates for?National Minimum Wage?increase with effect from 1st October 2013.

The new rates are as follows:

*This rate is for apprentices under 19 or those in their first year. Those who are 19 or over and past their first year get the rate that applies to their age.

If you have questions about how this applies to your business, or whether you […]