As we are approaching the end of yet another tax year, it is worth repeating our suggestion that highlights the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2017-18. Since the tax on private fuel provided with company…
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Sole trader or incorporated
From April 2018, the £5,000 tax-free dividend allowance is reducing from £5,000 to £2,000. Does this mean that converting from self-employed to a limited company arrangement to save tax and NIC is no longer a viable option? Readers who have adopted this strategy will have likely seen a reduction in taxes due thus far, but…
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Happy New Year
Let us hope that 2018 presents opportunities to build our business interests and improve the financial position of our families. Certainly, there were many changes last year, not least the ongoing implications of the Brexit vote, that have proved to be challenging and not only for the politicians. A reminder, as we look forward to…
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A competition for budding space entrepreneurs
As we look forward to meeting our own challenges this new year, it is gratifying to come across a challenge aimed at stretching the imagination of our children. The SatelLife Challenge, now in its second year, is looking for innovative proposals from those aged 11 to 22 which have the potential to use data collected…
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Happy New Year and beware the gift card scam
Let’s hope that 2018 offers more cheer than 2017… Unfortunately, the season seems to bring out the good and the not so good in human nature. Readers are advised to be wary of the following scam that is targeted at vulnerable and elderly taxpayers. The notice issued by HMRC says: HM Revenue and Customs (HMRC)…
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