Some Employee Perks Are Being Lost and It Could Be Costly

Green & Co feature in the South Wales Argus discussing the tax changes for employee perks. The new tax year has seen a raft of changes, with more legislative reform scheduled to come into effect over the next few years. From changes in dividends, stamp duty, and national insurance (with a U-turn thrown in for good … Continue reading Some Employee Perks Are Being Lost and It Could Be Costly

Some employee perks are losing their tax breaks.

From 6 April 2017 the tax and employer national insurance advantages of a salary sacrifice or salary exchange will be removed, with the exception of: Pensions Childcare (Vouchers, workplace nurseries or directly contracted childcare) Cycle to work Ultra-low emission cars with co2 emissions of or less than 75g/km. Any employees who have swapped their salary … Continue reading Some employee perks are losing their tax breaks.

Deadline Dates – April 2015

1 April 2015 Payment of corporation tax liabilities for SMEs account period ended 30 June 2014 where payment is not made by instalments. Reduction in main rate of corporation tax to 20%. Small profits rate is abolished except for ring-fence profits. Change to emission thresholds for business cars (zero rate ends). Application to defer Class … Continue reading Deadline Dates – April 2015

‘Tis The Season To Be Jolly…

In the spirit of seasonal cheer, it's that time of year again to remind you all that HMRC has a festive loophole that means businesses pay no tax on corporate Christmas parties. Businesses of all sizes are allowed to spend a tax-free amount of up to £150 (inc. VAT) per member of staff each year. … Continue reading ‘Tis The Season To Be Jolly…

Company Director – A Position Of Responsibility

There are several reasons why you and your business may benefit by trading as a corporate entity.  These include tax efficiency, prestige or credibility within the business world and, of course, limited financial liability. In all cases however, you should remember that being a director of a company carries with it certain obligations and you … Continue reading Company Director – A Position Of Responsibility

Do You Want To Maximise Your Claim For Childcare Costs?

If you are currently paying childcare costs or will do in the near future, are you aware that the scheme for claiming tax relief is changing in the Autumn of 2015? Currently you may be claiming relief through the childcare voucher scheme. The childcare voucher scheme enables the parent to claim £55 per week of … Continue reading Do You Want To Maximise Your Claim For Childcare Costs?

National Insurance – A Class Act

National Insurance was introduced in the UK as long ago as 1911, initially as a contributory fund to provide benefits in the event of incapacity due to sickness or unemployment. Over the years, the scheme has been broadened to include provision of a wide range of social security benefits, and, in particular, as a way of … Continue reading National Insurance – A Class Act

Part time employees – the full time benefits

During the past few years employing part-time workers has become more popular. With the governments proposed plans for flexible parental leave part-time employees may be seen as an easy way to cover the possibility of parents interchanging periods of leave with their partners i.e. mum taking leave, then dad and then mum again which could otherwise … Continue reading Part time employees – the full time benefits