Welcome to the December edition of Pay Less Tax! I hope you find this issue informative. If you would like to discuss any topics in more detail, please feel free to reach out. Wishing you a wonderful Christmas and all the best for 2025!
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Bob’s blog
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Explore our collection of informative articles covering a wide range of topics from tax updates to regulatory changes. Whether you’re a business owner, entrepreneur, or simply interested in finance, our blogs offer content tailored to give you the latest industry news and practical tips and advice.
Welcome to the December edition of Pay Less Tax! I hope you find this issue informative. If you would like to discuss any topics in more detail, please feel free to reach out. Wishing you a wonderful Christmas and all the best for 2025!
Agricultural and Business Property Relief: Key Budget Changes
Welcome to the latest edition of Make More Profit. I hope you find this newsletter insightful and useful. If you have any questions or would like to discuss any of the topics further, please don’t hesitate to get in touch!
How To Maximise Your Tax Efficiency As A Small Business Owner
As a small business owner, managing your taxes is crucial for saving money and ensuring your business operates smoothly. With careful planning, a proactive approach and professional accounting services, you can reduce your tax liabilities, keep more earnings, and reinvest in your business.
Why Cash Flow Management Is Critical For Your Business’s Survival
Cash flow management is one of the most important aspects of running a successful business. Whether you’re a startup entrepreneur or a well-established enterprise, managing cash flow effectively ensures that your business stays operational, profitable, and prepared for future growth.
The Benefits Of Outsourcing Payroll For Growing Companies
As businesses grow, so do their operational complexities. One area that often becomes more demanding as a company expands is payroll management. Ensuring that employees are paid accurately and on time, while complying with various tax and regulatory requirements can be time-consuming and error prone.
Goodbye to Furnished Holiday Lets: Key Tax Changes
For over 40 years, furnished holiday lets (FHLs) have offered landlords significant tax advantages. However, the rise of platforms like Airbnb, combined with low interest rates, has seen an influx of property purchases for short-term letting. This trend has disrupted residential lettings and reduced housing availability for first-time buyers.
Paying yourself as a director of a Community Interest Company (CIC)
As a Community Interest Company (CIC) director, you can pay yourself for your work—just make sure it’s done responsibly and aligns with your company’s mission. CICs are built to benefit the community, so unlike traditional businesses, any director compensation needs to be carefully justified and transparent to avoid compromising this purpose.
What Is The Role Of A Company Secretary? Key Duties Explained
The role of a company secretary in today’s corporate environment is crucial and cannot be underestimated. Often referred to as the backbone of corporate governance, the company secretary ensures compliance with legal and regulatory requirements, upholds corporate governance principles, and facilitates efficient operations.
What Does A Bookkeeper Do? Key Roles And Responsibilities
In the world of business, accurate financial management is crucial for success. One of the key players in maintaining a company’s financial health is the bookkeeper. But what does a bookkeeper do, exactly?
How To Do A VAT Return: Essential Tips For Success
Managing VAT (Value Added Tax) for businesses requires strict compliance with tax authority regulations related to turnover and reporting.
On 30 October 2024, Chancellor Rachel Reeves presented her first budget to parliament. This was a budget intended to restore stability to our economy and to begin a decade of national renewal.
We hope you find this month’s updates both informative and insightful. If anything catches your interest or if you’d like to discuss any of the topics in more detail, don’t hesitate to get in touch.
We’re excited to bring you this edition of our newswire. We hope you find it an engaging read and, more importantly, a valuable resource.
The Importance Of Life Insurance For Entrepreneurs
Entrepreneurship is a journey full of thrills. Yet, life insurance should not be overlooked as part of the personal or business planning.
Limited Company Withdrawal Options: What You Need To Know
Managing a limited company in the UK involves a range of responsibilities, including understanding how to withdraw funds.
Should I Pay Into A Pension? A UK Guide
Planning for your future can seem overwhelming, especially when it comes to deciding whether or not to invest in a pension.
Streamlining Your Payroll Process: The Benefits Of Outsourcing
Payroll outsourcing service is the perfect solution for businesses of all sizes.
Why Accurate Bookkeeping Is Crucial For Your Business Success
Proper bookkeeping practices form the foundation of any thriving business.
The Importance Of Professional Accountancy Services For Small Businesses
Small businesses have become the heart and soul of the UK economy. They create jobs, boost innovation, and contribute to the country’s wealth.
Cashing In On a Solvent Business – The Changing Landscape of MVLs
If you’re a company director looking to wind down a solvent limited company using a Member’s Voluntary Liquidation (MVL), it’s time to get a move on.
Should You Pass on Wealth Now to Avoid Inheritance Tax?
Hello and welcome to the September edition of Pay Less Tax. We hope you find this edition informative and perhaps even a little thought-provoking.
Building a More Sustainable Business
Hello and welcome to our latest monthly newsletter! We hope you enjoy reading through this edition and find the insights useful.
Labour’s Grand Promises: Can They Deliver or Is It Just More Political Hot Air?
Labour’s back in power, and the nation waits with bated breath to see if they’ll actually deliver on those shiny promises.
Dealing with an underperforming employee can be a real headache for everyone involved. It slows down projects and can create a negative vibe in the team. But don’t worry.
Top Tax Saving Strategies for Entrepreneurs
As a start-up entrepreneur or business owner, one of the most crucial aspects of managing your finances is understanding how to save tax legally.
Election 24: What The Parties Are Saying About Tax
Both the Conservatives and Labour are promising not to hike income tax, national insurance, or VAT. However, Labour plans to introduce VAT on private school fees.
Almost every modern business relies on computer networks for day-to-day operations, and this means that most firms are exposed to cyber risk.
Although making tax digital income tax self assessment (MTD ITSA) is not mandatory until 6 April 2026 at the earliest, it is possible for certain individuals to join the HMRC pilot testing.
From 1 April 2023, the new Minimum Energy Efficiency (MEES) regulations will come into effect, meaning it will not be legal to let a property with an Energy Performance Certificate (EPC) rating below ‘E’.
Small Business News April 2024
Way back in the 1920s the Hawthorne Studies, conducted by Elton Mayo, highlighted the importance of groups in affecting the behaviour of individuals at work.
Budget March ’24 Analysis And Opinion
Starting April 6, 2024, the main rate of Class 1 employee NICs will decrease from 10% to 8%.
The gender pay gap has been declining slowly over time and in the last decade it has fallen considerably. However, there is more work to be done, to ensure that employees are paid equally for doing the same work, regardless of their gender.
Small Business Tax News Feb ’24
Welcome to my latest monthly tax newswire. We hope you enjoy reading this newsletter and find it useful. Contact me if you wish to discuss any issues further.
Businesses that foster a culture of curiosity empower their teams to question, explore, and seek novel solutions, thereby creating an environment conducive to adaptability and creativity.
Monthly Small Business Tax News
In recent years many accountants have advised their director/shareholder clients that the most tax efficient method of extracting profit from their family company was to pay themselves a low salary, at or around the £12,570 personal allowance, with the balance in dividends.
Monthly Charity News November 2023
The Kellogg’s Breakfast Club Grants Programme has announced that it will close for applications on the 6th November 2023. The programme offers grants of up to £1,000 to schools in the UK to set up Breakfast clubs for those children in most need.
Underserviced markets are groups of customers or potential customers who have unmet or underserved needs, problems, or preferences in your industry.
In order that we can help predict your taxable profits and tax liabilities we need up to date profit figures and projections.
As winter approaches, businesses face the annual challenge of managing sickness absence effectively.
The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the cost of childcare. The account can be used to pay nursery fees, breakfast clubs, after school clubs and registered childminders.
Software to bring your firm’s data to life. Tableau Desktop software is a powerful and widely used data visualisation and business intelligence tool that helps users to transform raw data into meaningful insights.
The Renters Reform Bill, published on 17 May promises increased protections for renters. The Bill is making its way through Parliament, and now that the dust has settled, we can consider why the Bill is of concern to various parties.
The metaverse is an online virtual reality (VR) or augmented reality (AR) space where users can interact with a computer-generated environment and with other users in real-time. It is an interconnected digital universe that extends beyond individual VR or AR experiences, offering a shared online space for people to work, play, and socialise.
With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to £203.85 per week (£10,600 pa) from 6 April 2023; a 10.1% increase over the 2022/23 rate as a result of the “triple lock” being restored.
The deadline for reporting shares and securities and share options issued to employees for 2022/23 is 6 July 2023. This is the same as the deadline for reporting expenses and benefits provided to employees on form P11d for 2022/23.
The Government has published two consultations, both of which are aimed at regulating the short-term letting industry.
The deadline for filing the P11d forms to report benefits in kind in respect of directors and employees for 2022/23 is 6 July 2023. Note, however, that the original and amended reports must now be made online and paper returns will be rejected.
From 1 April 2023, the new Minimum Energy Efficiency (MEES) regulations will come into effect, meaning it will not be legal to let a property with an Energy Performance Certificate (EPC) rating below ‘E’.
Four Ways To Boost Your Company Profits
Welcome to April, the month of new beginnings and fresh opportunities! Time is flying by, but don’t worry, there’s still plenty of time to make 2023 a year of incredible success for your business.
With the UK economy flat lining the Chancellor is under pressure to announce measures to stimulate growth. There are even calls for him to cut corporation tax which is scheduled to increase from 1 April 2023.
Get ready for April 6th, 2023 and be prepared to make this tax season memorable by starting early allowing us to help you more than ever by having time to talk with you and guide you through your taxes, rather than us throwing numbers at you at the last moment.
As we begin the new year, employers are grappling with numerous challenges such as the cost of living, staff wellbeing, hybrid working and economic headwinds.
The “Eco Plus” scheme, announced recently by the government, will provide insulation grants to thousands of households across the UK.
The new Chancellor Jeremy Hunt had warned the public and the financial markets that his Autumn Statement would include “eye-watering” cuts in public spending and tax rises for those with the ‘broadest shoulders’.
Scheduling can be hard work – many of us will have experienced the frustration of multiple emails to contacts or clients, just to schedule a meeting or call.
The average house price in the UK fell at the sharpest pace since early 2021, according to figures from Halifax.
When the Chancellor of the Exchequer makes a fiscal statement to Parliament – whether it is called a Budget, a mini-Budget or an Autumn Statement – the headlines are in the speech and the details are in the Treasury Red Book that is published on the internet when he sits down.
Business Tips: More Out For Less In
The Toyota Way is a set of principles and behaviours that are key to the firm’s managerial approach. The Toyota Way is supported by two main pillars – continuous improvement and respect for people.
Childcare Vouchers Or Tax-free Childcare Account?
There continues to be poor take-up of the Government’s Tax-Free Childcare Accounts which provide a 25% subsidy towards the cost of childcare.
Retaining Staff And Being A Better Leader In Tough Times
Inflation is running at an all-time high. How can businesses support their employees through these difficult times?
Workers quit or changed jobs in their thousands during the so called “great resignation” of 2021. Resignations reached record highs last year, but this isn’t because people left the labour force.
With the departure of Boris Johnson, the contenders as leader of the Conservative Party and Prime Minister (PM) have now been whittled down to the last two – Rishi Sunak and Liz Truss.
If you have any specific questions or would like to see how we can help you, feel free to reach out to us on 01706 225 617 or email enquiries@uk-ccm.com.