Payroll Tip

  • ad+ CIS expert advice

Make sure you don’t lose CIS Gross Status

 
Should you continue making money from construction, or become a tax expert?
If your business has CIS Gross Status, always remember that you must adhere to strict HMRC rules and deadlines, or that privilege could be removed.

It will hurt your cash-flow if you lose CIS Gross Status because it will cause an immediate drop in income received by your business.

Unfortunately, it is […]

  • ad+ saved £4,000 for local business

NIC saving for local businesses

 
Who would like £4,000?
It’s a “gift” from HMRC.
 
No there’s no catch and it’s not a trick.
 

Employment Allowance is a way for eligible employers to pay less Class 1 NI contributions.

When businesses appoint ad+ Chartered Accountants we often find that this allowance has not been claimed. We quickly correct that oversight, and the company is £4,000 better off.

This initiative is typical […]

  • ad+ Director Income Planning

How much money would you like to take home?

Would you prefer to take home £36k or £47k?

£50,000 gross is a common amount for local company owners based in Scotland, especially around Glasgow and Lanarkshire.
Many take home only £36k.
ad+ clients take home £47k.
Same gross amount, but £11k more in your pocket. Which would you prefer?

OK . . . that package might not suit you – don’t worry – our Tax […]

Winter Economy Plan is latest financial help package

Announced on Thursday 24th September, the new Winter Economy Plan, was announced by the Chancellor.

The package of measures applies to all regions and nations of the UK, include:-

A new Jobs Support Scheme to protect millions of returning workers.

Extending the Self Employment Income Support Scheme.

Continuing the 15% VAT cut for the hospitality and tourism sectors.

More help for […]