Choosing an employee share scheme

A guide to the advantages, potential problems and types of share schemes available to employees. The number of businesses that offer employee share schemes has doubled since 2000, according to HMRC. Giving employees the chance to invest in their company can help an employer improve retention, attract staff and raise funds. For employees, there’s the … Continued

Property & Tax

A guide to tax when buying, renting out and selling property. When the Chancellor George Osborne announced that he was curbing tax breaks for landlords in Summer Budget 2015, there was speculation that it would result in thousands of landlords selling up and getting out of the property business. This was because the changes would … Continued

Insider November 2015

Private sector businesses hit record number The number of private sector businesses has reached a new record of 5.4 million, the Department for Business, Innovation and Skills has announced. There are now 900,000 more businesses compared to 2010, while the number of businesses that employ people has also risen by 35,000 from 2014. Small businesses … Continued

Running a Payroll

This guide looks at some of the common payroll problems and choosing payroll software. Running payroll is one of the less glamorous aspects of being an employer. However, it is often the mundane tasks that are the most crucial. Failing to pay your staff would quickly lead to a very unhappy workforce. While neglecting your … Continued

Rewarding your Staff

This article outlines some of the different ways employers can reward their staff and the tax implications of each approach. Seemingly as quickly as it came, another year is galloping off into the distance and people’s minds are beginning to turn to the festive holidays. Employers will want to show their staff that the year’s … Continued

Insider October 2015

Minimum wage increases The adult rate of the national minimum wage (NMW) is set to rise by 20p to £6.70 on 1 October 2015. As well as the change to adult rate: the apprentice rate increases by 57p to £3.30 the rate for 18 to 20 year olds will rise by 17p to £5.30 those … Continued

Understanding Dividends

A guide to how dividend taxation will change from April 2016. The chancellor George Osborne wasn’t exaggerating when he said he was undertaking a “major and long overdue reform to simplify the taxation of dividends” in his Summer Budget speech. The current dividend system was set up more than 40 years ago to avoid double … Continued

HMRC Investigations

A guide to what to expect if you are the subject of an investigation by HMRC. Anyone who has experienced the difficulty of trying to get through to the HMRC helpline may think that it is an organisation too large and complex to do anything quickly. However, while it may seemingly lack the ability to … Continued

Insider September 2015

Digital account timeline overview HMRC has revealed how it plans to introduce digital tax accounts over the course of the 2015/16 tax year. First announced in Budget 2015, news that HMRC wants digital accounts to replace traditional annual tax accounts created much debate. Now, further details of what this transitional process will look have been … Continued

Making the most of your savings

A guide on how to using your savings to improve your financial position. People often have a slightly misjudged opinion of their savings as a sedentary block of assets that only creeps forward at a glacial pace due to the interest it generates. The idea that an individual’s savings can be turned into a productive … Continued