Paying your taxes is set to become far less burdensome for British businesses, with HMRC’s plans to bring the current tax system into the 21st century. Described as a ‘digital revolution’ to cut red tape for SMEs, the Making Tax Digital programme will benefit millions of businesses.
Read more →Since 6 April 2016, higher rate capital gains have been charged at 20 per cent, down from 28 per cent and basic rate gains have a 10 per cent levy, down from 18 per cent. Capital Gains Tax is applied on the profit you make when an
Read more →The Government has introduced a plethora of measures since 2013 to discourage high value UK residential properties from being held indirectly, e.g. through a company, in order to minimise or avoid tax. As of 1 April 2016, the lower valuation limit fell to £500,000, meaning more residential
Read more →National Insurance has undergone a plethora of changes in recent years that have kept employers on their toes. Businesses that employ apprentices saw a change in the law back in April 2015 when the Government introduced a zero per cent rate of Secondary National Insurance Contributions (NIC)
Read more →We all want to live comfortably during retirement, yet the type of lifestyle you’ll experience is determined by the decisions you make early on in life. To ensure a relaxing and somewhat care-free retirement, here’s what you need to consider in order to bridge any gaps between
Read more →One of the key announcements from the summer Budget was George Osborne’s complete overhaul of the dividend taxation system. From April 2016, dividend tax credits will be scrapped and replaced by new rates of taxation for all limited company shareholders. Every taxpayer will be entitled to a
Read more →North West business advice specialist, Champion Accountants, is urging individuals across the area to declare any unpaid overseas tax before time runs out. Less than 100 days remain before people lose the right to disclose any unreported liabilities connected with assets held overseas under far more favourable
Read more →Running a business is no mean feat, with owners having to juggle a number of different hats on a daily basis. Tax may not be the most exciting part of running your own company, but it’s an unavoidable responsibility that we all must tackle at some point.
Read more →Yesterday’s Autumn Statement was the Chancellor’s opportunity to launch the Government’s General Election campaign. He has introduced a number of measures that will please many people, although they are balanced with a fall in public spending that will continue to provoke debate around the UK for some
Read more →Start-ups and small to medium-sized businesses across the North West are potentially losing thousands of pounds by failing to take advantage of lucrative tax breaks. Champion Accountants is urging local entrepreneurs to be pro-active and reap the benefits of the Annual Investment Allowance (AIA). Doubling the allowance
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