EFFECTIVE MULTI-TASKING

Over the past 10 years or so businesses have become leaner by reducing employee numbers, focusing on efficiency and increasing the demands on their staff. An increased workload forces us to multi-task, which may be effective for a short period of time, but over the long term, can cause stress.   Multi-tasking is not about[…]

EXTRACTING PROFIT FROM THE FAMILY COMPANY

The start of the new tax year means that shareholders/directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employer’s national insurance contribution (NIC) liability which means that where the company has not used this allowance it may be set against[…]

NO TAX CHANGES ANNOUNCED IN SPRING STATEMENT

Despite the continuing uncertainty surrounding Brexit, the Chancellor delivered his Spring Statement on 13th March. The purpose of this statement is to update the House of Commons and the country on the state of the economy; it is not intended to include any major tax announcements, and none were made by the Chancellor.   As[…]

PERSONAL SERVICE COMPANY CHANGES FROM APRIL 2020

In the Autumn Budget, the Chancellor announced that the “off payroll” workers rules that currently apply in the public sector would be rolled out to the private sector in 2020. The government has now issued a consultation paper that sets out proposed tax and national insurance changes that will impact on those supplying their services[…]

ADVISORY FUEL RATE FOR COMPANY CARS

In line with recent reductions in fuel prices, HMRC has reduced its suggested reimbursement rates for employees’ private mileage using their company car from 1st March 2019. Where there has been a change the previous rate is shown in brackets.   Engine Size Petrol Diesel LPG 1400cc or less 11p (12p) 7p (8p) 1600cc or less[…]

BUILDING A DATA-LED STRATEGY

Businesses are capturing more information than ever before. The most successful firms are analysing that information and are focused on building their strategy around customer and market data.  We are reviewing the way we use data at  MMGA and look forward to keeping you up to date with our strategy. Meantime, partner Derek Grant suggests[…]

HOW TO BE PRODUCTIVE WHEN YOU TRAVEL

Following her recent visit to Atlanta, associate Jenna Gauld reflects on how you can make the most of your time when out of the office.   In theory, when you travel with work, you should have time to focus on getting a few things done. In reality, it can be almost impossible to work in[…]