Archive
Updates from the Clayton & Brewill team.
National Minimum Wage: new rates for 1 October 2015
The National Minimum Wage (NMW) goes up for all workers from Thursday 1 October 2015. Julie Braithwaite, payroll services specialist in Clayton & Brewill’s Nottingham office sets out the increases. Adult workers and apprentices see the biggest rises to their National Minimum Wage (NMW) payments, with 20 pence and 57 pence increases respectively. 21 and over:… View Article
National Minimum Wage: new rates for 1 October 2015
The National Minimum Wage (NMW) goes up for all workers from Thursday 1 October 2015. Julie Braithwaite, payroll services specialist in Clayton & Brewill’s Nottingham office sets out the increases. Adult workers and apprentices see the biggest rises to their National Minimum Wage (NMW) payments, with 20 pence and 57 pence increases respectively. 21 and over:… View Article
Annual Investment Allowance to be ‘permanently’ at £200,000
The Annual Investment Allowance (AIA) has been set at £500,000 since April 2014 to encourage businesses to invest in plant and machinery but will drop to its new ‘permanent’ level of £200,000 from 1 January 2016. This means that companies with financial years that end after 1 January will need to plan their expenditure carefully, as Clayton & Brewill’s Amanda… View Article
Annual Investment Allowance to be ‘permanently’ at £200,000
The Annual Investment Allowance (AIA) has been set at £500,000 since April 2014 to encourage businesses to invest in plant and machinery but will drop to its new ‘permanent’ level of £200,000 from 1 January 2016. This means that companies with financial years that end after 1 January will need to plan their expenditure carefully, as Clayton & Brewill’s Amanda… View Article
Spreading income around the family – advice for business owners
Business owners often seek to minimise the tax position of shareholder-directors by involving members of the same family and using personal reliefs and lower rate tax bands of each person. But is this still an advisable strategy in the current anti-avoidance environment? Yvonne Jackson, partner and chartered accountant at Clayton & Brewill offers advice for business… View Article
Spreading income around the family – advice for business owners
Business owners often seek to minimise the tax position of shareholder-directors by involving members of the same family and using personal reliefs and lower rate tax bands of each person. But is this still an advisable strategy in the current anti-avoidance environment? Yvonne Jackson, partner and chartered accountant at Clayton & Brewill offers advice for business… View Article
Self assessment tax returns must still be filed on time!
News stories earlier this year suggested that it might be easy to get out of paying the £100 fine for a late self assessment tax return. Unfortunately this doesn’t seem to be quite the case, as Clayton & Brewill’s Catherine Sharp explains. The stories came from a leaked memo to the HMRC staff who deal with self assessment penalties. HMRC… View Article
Self assessment tax returns must still be filed on time!
News stories earlier this year suggested that it might be easy to get out of paying the £100 fine for a late self assessment tax return. Unfortunately this doesn’t seem to be quite the case, as Clayton & Brewill’s Catherine Sharp explains. The stories came from a leaked memo to the HMRC staff who deal with self assessment penalties. HMRC… View Article
Dividends vs salary? Advice for business owners
The changes to how dividends are taxed mean that the majority of small business owners will end up paying more tax. So does a ‘high dividend / low salary’ strategy remain the most tax-efficient method of remuneration? Jack Moore, chartered accountant with Clayton & Brewill in Nottingham investigates. As an owner of a limited company… View Article
Dividend tax – dividends vs salary? Advice for business owners
The changes to how dividends are taxed mean that the majority of small business owners will end up paying more tax. So does a ‘high dividend / low salary’ strategy remain the most tax-efficient method of remuneration? Jack Moore, chartered accountant with Clayton & Brewill in Nottingham investigates. As an owner of a limited company… View Article