HMRC advisory fuel rates have remained constant, except for petrol and LPG engines over 2000cc. Remember, advisory fuel rates only apply for: reimbursement of employees for business travel in the company car; or the requirement of an employee to repay the cost of fuel used for private travel. HMRC accept there is no tax advantage […]
In his debut, Autumn Statement 2016, the Chancellor announced plans that will continue to negatively impact small business, it looks like we have yet another anti-small business government. The highlights of the Autumn Statement 2016 are: A new higher VAT flat rate for ‘service-based’ businesses – aka contractors From 1st April 2017, “businesses with limited […]
Small Business owners need just as much help and support from their accountants as the likes of Tesco, in fact in many cases, more so. So many small business owners don’t use their accountant enough, often this is through fear of the cost. It’s true that nothing in life comes for free, but imagine if […]
Starting in business Lost your job and struggling to find another, maybe you have decided it’s time to start your own business, which ever reason it is you are going to need help. 5.4 million small and medium sized UK businesses In the UK there are current 5.4 million small and medium sized businesses, that […]
£1 billion Did you know that Small and Medium Sized UK businesses have claimed nearly £1 billion in R&D Tax Credits? WOW, speaking as someone who runs a family business that’s a lot of money, so have you had your slice, our clients have! Oddly enough, with all this money on offer it would appear […]
According to the Department for Business the UK private business sector is at record levels with 5.5 million of us, yes, we are just like you a UK small business, actually I really hate that description, ‘small’, we are, like many of you a family owned business!! In the last six years privately owned business […]
With effect from 1 October 2016 the following national minimum wage and national living wage hourly rates take effect: Age From 1 October 2016 Previous Rate National Living Wage £7.20 £7.20 Main rate for workers aged 21-24 £6.95 £6.70 Rate for 18-21 year olds £5.55 £5.30 Rate for 16-17 year olds £4.00 £3.87 Apprentice rates […]
HMRC has issued its new Advisory Fuel Rates that take effect from 1 September 2016. As fuel prices rise HMRC has now revised some of the rates upwards. For the latest HMRC Advisory Fuel Rates please click here.