Tax changes for the non-domiciled

If you’re a ‘non-dom’ then the way you pay tax may be about to change. Announced in the Summer Budget 2015 this series of tax changes affecting people not domiciled in the UK seeks to address some of the perceived unfairness currently embedded in the UK tax system. The Government argues that it is only fair that people residing in the UK for a very long time should pay their fair share of tax … [Read more...]

What are the tax implications of staff rewards?

Good work should not go unnoticed, correct? We think so too.  As a business owner, manager or director, a natural part of your role is to motivate and reward staff when targets are hit, milestones achieved or just as a general thank you for contributing to the bottom line. Types of staff rewards There are many different types of staff rewards, such as:- A physical gift such as a case of wine … [Read more...]

Start-ups and SMEs at IT security risk

Starting a new business is exciting, challenging and demanding, with most of the emphasis on getting up and running and delivering your service to your client base. Once premises, staff, stock and IT equipment have been procured, one of the crucial things that often gets overlooked is IT security and data management. Research by CareersinAudit.com last month revealed that losing customer or … [Read more...]

How can Help to Buy help?

Help to Buy is a Government-backed scheme set up to help people buy a home with less of the financial burden associated with what is most often the largest purchase any of us will make in our lifetime.  The Scheme has been in operation since 2013 and is open to first and second time buyers until 2020. On average, first-time buyers need a £33,000 deposit which is often out of reach for many. … [Read more...]

Bookkeeping v Accounting: What’s the difference?

The terms bookkeeper and accountant are often used together or interchangeably when the two disciplines are in fact separate. Bookkeeping forms part of the overall practice of accounting. We take a look at bookkeeping v accounting and some of the ways the two differ and overlap. Depending on the size of your organisation you may only need a bookkeeper or it may make better business sense to … [Read more...]

Tax changes for investors and income

The new tax year, which has just started, offers some new benefits for investors and savers, even though savings rates continue at record low levels and the stock market struggles to recover to the level of this time last year. Here's a summary of the new tax changes for investors and income:- Personal Savings Allowance This year sees the start of the personal savings allowance for all basic … [Read more...]