“I think that many business owners who were geared up to help drive Britain’s productivity and get people working, will have lost interest because they will see little incentive to do so from yesterday’s budget. The drop in Corporation Tax and an increase in Employment Allowance go some way but they are counter-balanced by the […]
In this article on ITPro – the site for IT analyses and business insight, our co-founder James, along with other small business leaders expresses his opinion on this year’s budget reforms. See James’ comment on the apprenticeships reform, and many more comments from small business leaders in the full post on ITpro.
Some contracts open doors for you to earn more, make valuable professional contacts or improve your skill set and experience. Fixed term contracts are an attractive alternative to unemployment and contract rates might even be higher than the ongoing rate. Being a contractor gives you access to lucrative projects or specific clients not easily reachable otherwise. Through contracting you will also expand your […]
What is Capital Gains Tax and when does it apply? Capital Gains Tax (CGT) was first introduced back in 1965 by James Callaghan, the-then chancellor in Harold Wilson’s Labour government. The original aim was to prevent tax avoidance in the form of people switching their income into capital. With the Summer 2015 Budget around the […]
The highlights First, let’s focus on the positive take outs for contractors: Corporation tax reduction Corporation tax (the tax on your company’s profits) will fall from 20% to 18% by 2020. Increased personal allowance The personal tax-free allowance will increase from £10,800 to £11,000 in April, ultimately rising to £12,500 by 2020. Increased higher rate […]
“As an employer and founder of a tech business that wants to grow, I really welcome the apprenticeship reform. It pains me to see ‘training’ firms punt young people and apprenticeships as cheap labour. We see them as a vital part of our lifeblood, the next generation that will move our businesses on. Investment in the […]
Read all the steps our co-founder James outlined for Fresh business thinking here.
Enterprise Nation is inviting small business owners and entrepreneurs to comment in the budget announcement in real-time today. Meet the panel and see how to join: Mark Pearson, founder, MyVoucherCodes and Fuel Ventures James Poyster, founding partner, inniAccounts Jo Sealy, director and founder, To Market Ade Awokoya, founder, East London Export Club Martin Campbell, managing director, Ormsby Street Dan Martin, head of content, Enterprise […]
Requirements The company must be invoiced directly by a nursery or childminder and the payment will be free of tax and NICs for you as an employee as long as the following criteria are met. The exemption does not apply if the company reimburses the cost or settles the bill on your behalf. The payment […]
Our next book in our limited company series is here to show you how to maximise the tax efficiencies your company has to offer. You’ll learn expert hints and tips on paying the right amount of tax and keeping more of your hard earned cash in your pocket. We’ll run through everything from good expense management techniques […]