If you earn over £9,440 (current threshold for 2013/14) per financial year, you have to start paying tax on income. While this is most commonly for your salary, it also includes any interest earned on savings. In order for your savings to generate as much as possible, it’s important to take advantage of tax free
If you are self employed or run your own business, then you know that getting your books balanced and your figures correct is imperative, both to the success of your business and to avoid getting an unexpected tax bill or fine when you least expect. Tax doesn’t have to be taxing, or so they say!
Do you really understand dividends? If you’re the director of a limited company, however large or small, it’s important that you understand the different ways in which you can be paid. Ensuring that you choose the right method could have tax advantages for both you and the company. As the director of a limited company,
What are the benefits to leasing company cars? Leasing company cars and vans instead of buying them outright brings with it a number of benefits, especially when finances are tight. By leasing your vehicles – which basically means renting them from a company for a monthly payment – you can get access to brand new
If you suddenly find yourself paying emergency tax, this is likely to be because HMRC doesn’t know enough about your income or tax details for the full tax year. This usually happens if: You have started a new job and haven’t got a P45 from your previous employer for the same tax year You have
You may have heard people talking about the new Workplace Pension Scheme which came into force in October last year, but what exactly is it and how does it work? How does the Workplace Pension Scheme work? Millions of workers will be automatically enrolled into a pension scheme through their employer over the next few