In George Osborne’s final budget before the general election, he recognised the importance of the self-employed workforce and small businesses with proposals that could lead to a more prosperous business environment in the UK. These are our highlights.
Are you looking to reduce your tax bill in the future? Well, we’ve put together 8 tips to help you reduce your tax bill and ensure that you’re paying tax as efficiently as possible.
Starting your own business is an incredibly exciting time but it can also be equally scary. There’s so much to think about, to plan and to do – all at the same time! Juggling building a business and maintaining a personal life can be difficult even before you start trading so here are our top 3 tax tips for startups.
‘Tis the season to be jolly and if you haven’t already done it, you’re probably in the process of arranging your Christmas party. So what better time is there to familiarise yourself with the tax rules regarding entertaining, staff functions and Christmas parties?
As a business owner, you’ll have to pay your staff but paying your staff is not as simple as just transferring money in to their bank account or putting cash in their hand. You’ll have to deduct tax and National Insurance contributions (NICs) from any earnings and that’s where it all starts to get a little bit complicated!