Pensions – autumn update

November 7, 2014

The 2014 Budget announced that pensions would be made more flexible from 2015, spend some time reading this short Pensions Update to ensure you are aware of the changes that may affect you.

Beat your competition – why not open 7 days a week?

November 5, 2014

Beat your competition! Have you considered opening your dental or medical practice at weekends or for longer, more flexible hours each day as part of a business growth strategy?

Changes to the minimum wage

November 5, 2014

From 1 October 2014, there have been changes to the set National Minimum Wage. For workers over 21, the hourly rate has been increased to £6.50 an hour.

Tax relief for Capital and Revenue expenses – explained

November 3, 2014

Medical and practice equipment, motor vehicles, fixtures and fittings and IT equipment may not get offset directly against your income as tax relief in the year of purchase.

PAYE: Are you due a refund?

October 31, 2014

By now, you and any employees should have received a tax refund from HMRC for any overpayments in PAYE tax last year. Reconciliations began in June and were expected to end in mid September.

The latest car fuel rates

October 31, 2014

From 1 September 2014, HMRC advisory fuel rates have changed. For 1 month either side, employers may use the old rate or the new rate, whichever they prefer. So, what are the new rates?

IHT: Clampdown by HMRC on IHT avoidance

October 29, 2014

HMRC are taking serious measures to ensure that new tax avoidance schemes relating to Inheritance tax are nipped in the bud.

CGT: Practical points around private residence relief (PRR)

October 27, 2014

Just by occupying a property for a period of time, may not be enough to qualify it as your private residence.

PAYE: Was there an over or under payment on your payroll?

October 27, 2014

HMRC have completed their annual payroll reconciliations that involve issuing refunds or requesting tax underpayments. Are you due a refund?

PROPERTY: What can you claim against your rental income?

October 24, 2014

What can you claim against your rental property income to maximise tax relief? Are you allocating costs correctly as “capital” or “expenditure”?