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Be ready for the increase in minimum contributions for auto enrolment pensions


By the end of March 2017 more than 7 million workers had been successfully automatically enrolled into a workplace pension. But from April 2018 the minimum pension contributions are set to increase. As an employer,…

Payrolling company car benefits – myth busting


Guidance issued by HMRC has led some directors to believe the payrolling of company cars will be compulsory from April 2018. It will only be compulsory if you have opted to payroll taxable benefits and…

HMRC accepted payment methods are changing


From January, individual taxpayers will not be able to use personal credit cards to settle tax bills with HMRC. Payments will have to be made by direct debit, debit card or electronic payments – Faster…

How to ensure Christmas isn’t ‘taxing’ for your business


For many, the Christmas period marks the end of a busy year and offers the perfect opportunity to reward staff for their hard work with a gift or Christmas party.  But business owners need to…

Making use of tax-free Long-Service Awards


While the tax exemption to mark long-service is designed to accommodate the gift of the traditional gold watch or carriage clock, it’s also possible to give your employee a more tailored award that will help…

Autumn Budget 2017 – how does it affect you?


Commentators and politicians alike were looking to Philip Hammond for a game-changing budget. Given the twin challenges of lower than expected growth and a commitment to reduce debt and borrowing, The Chancellor was unlikely to…

2017 Autumn Budget Highlights


Philip Hammond heralded today’s Budget as a forward looking budget to embrace change, meet challenges head on and seize the opportunities for Britain.  The Government is committed to low tax economy, with longer consultation in…

Making tax digital – when will you be affected


Making tax digital (MTD) is HM Revenue & Custom’s (HMRC’s) approach to modernising the tax system. There are two strands to the initiative – one aimed at individuals and the other at businesses. MTD is…

ICAEW Confidence Monitor shows business profits set to grow


Capturing the mood of UK senior business professionals, the latest ICAEW Confidence Monitor shows some encouraging trends as we head into the Autumn Budget. Encouraging signs Profit growth rose from 3.4% to 4.1% between Q3…