The Annual Investment Allowance was introduced in April of 2008 to encourage business owners to invest more in their company. However, the amounts that can be claimed have altered over the years, making the scheme confusing at times.
Originally, the allowance was worth £50,000, but it was then increased to Read more
National Insurance is another form of taxation, which is paid by most people at some time from the age of 16 to reaching the state retirement limit. The contributions collected by the Treasury are intended to pay for health care, unemployment, the state pension and other projects.
However, the rates of National Insurance Contributions (NIC) continue to Read more
Tax is a dull but necessary topic, which business owners all have to deal with at some time. Although tax must be paid, it is beneficial to minimise your bill wherever possible using legitimate methods.
While struggling trying to organise business records and deal with clients, it is Read more
VAT can be complex and time consuming, so for many SMEs it can become a burden, due to lack of resources or expertise. Not being fully aware or understanding the Read more
A reputable accountant can help your business at any stage, from the initial concept to your retirement. Although these professionals are often viewed as just being responsible for the tax return and payroll, they can do a lot more besides, including running a Read more
Most businesses want to pay as little tax on their profits as possible, providing it is done in a Read more
VAT is a complex area of tax, especially as you have three rates to use: zero, reduced and standard, which is a Read more
If you are planning to invest in plant and machinery (such as plant hire, for example) in the near future, make sure that it is before January 2016, which is when the Annual Investment Allowance will be Read more
