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
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.
The end of the tax year is fast approaching, but there is still time before 5 April to save tax for 2016-17. Below are some points you may wish to consider. MAXIMISE CAPITAL ALLOWANCES Businesses may be able to write off the cost of capital assets by making the most of capital allowances. The Annual … Continue reading Year End Tax Planning
The annual pensions allowance is set to change on 6 April 2016 if your “threshold” income exceeds £110,000 and your “adjusted” income exceeds £150,000. For most people the annual allowance is £40,000, but should your income exceed the above limits the allowance (which includes employer’s and employee’s contributions) will be reduced by £1 for every … Continue reading Reductions To The Annual Pension Allowance
CODE NUMBERS Check your code to ensure you have been given the correct personal allowances, including relief for pension contributions and gift aid donations if liable to higher rate tax. PENSIONS With a general election a few weeks away it cannot be certain that the current generous reliefs will remain in place. It is important … Continue reading Year End Tax Planning – Points for review before 5 April!
Our Winter Newsletter is now available here: Green & Co Winter 2014 Newsletter It focuses on: VAT for the digital business Salary sacrifice and pensions Your key tax dates for 2015 Tax round-up Reminders for your winter diary
Summer will soon be coming to a close, and here is our next newsletter to usher in Autumn: Green & Co Autumn 2014 Newsletter This newsletter focuses on: Tax advantages for innovative companies Dealing with workplace disputes Tax planning following changes to the treatment of trusts Pensions - is now the time to make contributions? Tougher lending rules … Continue reading Autumn 2014 Newsletter
The Green & Co Summer 2014 Newsletter is now available. Green Co Summer 2014 Newsletter The focus rests, in particular, on the following areas: Flexible pensions on the horizon PAYE reporting – year two of Real Time Information Increasing ISA limits and the relaxation of some rules Capital expenditure relief doubles £2,000 NIC cut for employers … Continue reading Summer 2014 Newsletter