WHY SHOULD I TAKE FEE PROTECTION INSURANCE?

This is a question that I get asked a lot at this time of year. One reason for this is because we issue our insurance renewals, but another is because clients are unsure if they are covered by other insurance products that they take out and whether they actually need the protection that we offer.[…]

OFF-PAYROLL WORKING RULES GOING AHEAD

The draft Finance Bill clauses issued for consultation on 11 July include legislation to extend the “off-payroll” working rules to the private sector from 6 April 2020. These changes will have significant implications for workers providing their services through personal service companies and also the end user organisations that engage such workers.   End users[…]

CGT PRIVATE RESIDENCE RELIEF CHANGES

Draft legislation to be included in the next Finance Bill will make important changes to the calculation of CGT private residence relief. As announced in the Autumn 2018 Budget, there will be a reduction in the final period exemption to just nine months and stricter conditions for letting relief to apply. Currently where a property[…]

MAKING TIME FOR SELF DEVELOPMENT

As a business leader, you are focused on developing the people around you. But who is responsible for your own development? If you want to help your employees to grow and develop, you need to invest time in developing yourself, as a leader.   In order to focus on your own personal development, you need[…]

TRUST ME, I’M THE BOSS

In order to manage an effective team of people you need to win their trust. If employees don’t have trust in their company and their managers, they can become disengaged. This can lead to high rates of staff turnover and those who stay are likely to be de-motivated.   Transparency Honesty is the best policy.[…]

SCALING UP YOUR BUSINESS

How do you scale up your business and take it to a new level?   What is scale up? A scale-up business is any company that is looking to grow in terms of market access, revenues, and number of employees, adding value by identifying and realising new opportunities. Scale-up businesses are the engine of growth[…]

ADVISORY FUEL RATE FOR COMPANY CARS

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 June 2019. Where there has been a change the previous rate is shown in brackets. Engine size Petrol Diesel LPG 1400cc or less 12p (11p) 8p (7p) 1600cc or less 10p 1401cc to 2000cc 15p (14p) 9p (8p) 1601cc[…]

NEW VAT RULES FOR THE CONSTRUCTION SECTOR

Under new rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the construction industry will have start using a new method of accounting for VAT.   Under the new rules, supplies of standard or reduced-rated building services between VAT-registered businesses in the supply chain will not be[…]

MORE COMPLICATED PENSION RULES

We recently highlighted the restricted annual pension allowance for those with high income, such as doctors. Note that the deadline for requesting the additional tax to be paid out of the fund for 2017/18 is 31 July 2019.   There is a further complication for those individuals who have started drawing income from certain money[…]

MAKE SCHOOL HOLIDAYS EASIER WITH TAX-FREE CHILDCARE

Did you know there is a government scheme available that can help contribute towards childcare costs which may mean fewer of your employees will need time off at the same time this summer.   Tax-Free Childcare is a scheme available to working parents with children from 0-11 years and many parents are not taking advantage[…]