Umar Memon
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Government productivity plan lacks focus
The government’s productivity plan has been described as a “vague collection of existing policies” by the Business, Innovation and Skills (BIS)Committee. The committee has questioned whether the plan has enough focus and said that results will not be guaranteed in… Read more Government productivity plan lacks focus
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Pension freedom barriers to be removed
The government has introduced a range of measures aimed at removing barriers that may be stopping people from being able to access their pensions. In January, the Chancellor announced that he would be giving the Financial Conduct Authority (FCA) the… Read more Pension freedom barriers to be removed
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Salary or dividend?
What’s the most tax-efficient way to pay yourself in 2016/17? Owner-managers and contractors often pay themselves in a combination of salaries, bonuses and dividends. A common strategy is to draw a salary of around £8,000 while also extracting profits from… Read more Salary or dividend?
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Residence and domicile
A guide to understanding the terms residence and domicile as well as their legal and tax implications. A large part of a person’s legal identity is based upon where they live at any one time and how long they will… Read more Residence and domicile
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Year-End Tax Guide 2015/16
With 5 April fast approaching we consider some of the ways you might act now to reduce your current year’s tax liability. Contact us now to discuss your specific situation and the planning opportunities you could consider before the end… Read more Year-End Tax Guide 2015/16
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Lack of flexible working hampers employers
Employers may be missing out on the best skilled workers due to not offering flexible working. A report by the Joseph Rowntree Foundation argues that the current lack of ‘quality’ part-time and flexible jobs is holding back the labour market… Read more Lack of flexible working hampers employers
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Early pension exit fees capped
The Financial Conduct Authority (FCA) will be given the power to cap “excessive” early exit fees on pension pots. The new FCA responsibility will be introduced through legislation and the government will be publishing a formal response. The proposals will… Read more Early pension exit fees capped
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Digital tax accounts to replace annual tax return
HMRC has launched a digital accounts system for businesses and individual taxpayers. The new system will allow people to see their tax details and make payments at any time during the year. HMRC plans that by 2020, most taxpayers including… Read more Digital tax accounts to replace annual tax return
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Travel and subsistence: a changing framework
The system of employee benefits and taxes for those who travel for the purposes of work is undergoing change. Every day the roads and railways of this country are filled with employees travelling as part of their jobs, and incurring… Read more Travel and subsistence: a changing framework
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Minimising corporation tax in 2016
A look at the strategies available to companies that are looking to minimise their corporation tax bill. The UK has one of the lowest rates of corporation tax in the developed world. Additionally the infrastructure of corporation tax reliefs available… Read more Minimising corporation tax in 2016