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Salary or Dividend

PWAS_Jul_2017_Salary-or-Dividend.pdf– Click to download this article as pdf file.   What combination of salary and dividend should you take in 2017/18? As the owner and director of your own company, you can choose how and when to extract funds from

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Planning your retirement

PWAS_Jul_2017_Planning-for-retirement-4.pdf – Click to download this article as pdf file.   Whatever your age, it’s never too late to start saving to retire. It’s more important than ever to start your retirement planning from an early age, however dull a prospect

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Second payment on account deadline reminder

The second annual deadline to submit advance payments towards your self-assessed tax bill for the previous year is due on 31 July 2017. ‘Payments on account’ take place every six months – on 31 January and 31 July – and

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Capital gains tax planning

A guide to capital gains tax and the reliefs available for 2017/18. When you buy an item with the intention of selling it for a profit, that transaction is treated as a trade and you should pay income tax on

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Dreading those P11D’s?

Expenses and benefits deadline looms Expenses and benefits not payrolled for the 2016/17 tax year will need to be reported to HMRC by 6 July 2017. Employers can report them by completing specific forms which are available to download on

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Improving cashflow

A guide to maintaining a healthy balance between money coming in and out of your business. If your business does not have a steady stream of money flowing into it, you will be unlikely to be a going concern in

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Employee benefits

A guide for employees on the tax implications of accepting common employee benefits. Most employers provide a range of benefits in kind to their employees. You may be able to choose which benefits to take up, so you should be

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Important dates and changes for April 2017

As another new tax year begins, here are some important tax dates and changes to be aware of this month. 1 April Auto-enrolment staging dates Auto-enrolment staging date for employers who don’t have a PAYE scheme. Business rates Rate payers

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National minimum and living wages rise from 1 April

The national living wage (NLW) is now £7.50 an hour. Most workers who are aged 25 and over and not in their first year of an apprenticeship are entitled to the new rate. The national minimum wage (NMW) rates for

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Autumn Statement 2016

Autumn Statement 2016 – Download AutumnStatement2016_PWAS.pdf – Click to download this article as pdf file.

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