Newsletter 08/06/2021

Crypto Assets UK Tax Position In recent years, crypto currency has become more and more popular. But do you know where you stand when it comes to tax? In this newsletter we look into what it could mean for you in terms of taxes in the UK. HMRC’s viewpoint There Read more…

Optimal Salary 2021/22

For the current tax year 2021/22 the recommended tax position for company director shareholders continues to be to take a combination of threshold salary and dividends. With effect from 6 April 2021, the optimum director shareholder threshold salary is £8,840 or £736.66 per month. The conventional approach for director income Read more…

The Recovery Loan Scheme

Following on from our latest newsletter, information about the Recovery Loan Scheme has come to light that we feel it’s worth sharing before the next one:   The Recovery Loan Scheme  What is the aim of the RLS? To enable UK businesses who have been affected by the Covid-19 pandemic Read more…

Newsletter 05/04/2021

I hope you have all enjoyed the Easter weekend and eaten lots of chocolate? Tomorrow sees the start of a new financial year and as always, that means change for a number of things. Today’s newsletter look at the changes but firstly let’s have a look at the Brexit Support Fund. Read more…

Employer Update 2021

Employer Update End of Year 2020/21 and P60 End of Year Certificate The final submission for the tax year is due this month. Please ensure all payments made to employees have been recorded through the payroll. If this is not the case please let us know straight away as we Read more…

Newsletter 01/03/2021

Cars If you have been considering buying a new car for your business, then you may have wondered whether electric is the right way to go. In this newsletter we look at the benefits. Electric Switchover – The benefits   There is a Government ‘plug in’ grant of up to Read more…

Ex-Gratia Payments

What is an ex-gratia payment? An ex gratia payment is a payment made by an employer where there is no contractual obligation to do so. Ex gratia translates to ‘by favour’ and literally means a voluntary payment or a gift. What that means is it’s a sum of money paid Read more…