• 11th January 2016

    Financial Focus On...An Employee or Not an Employee? Now that is a question

    Whether someone is employed or self-employed has long been a matter for debate and argument with HM Revenue & Customs (HMRC) with HMRC generally angling for an individual to be classed as an employee purely as there is a larger tax and NIC take to be had (with the Employer suffering an additional 13.8% national insurance liability on gross salaries paid).
  • 14th December 2015

    Happy New Year from HMRC?

    Last week, whilst most business owners and their tax advisers were busy with their Christmas office parties, writing cards and attending carol services, HMRC slipped out draft tax legislation and a consultation document on changes which could have a significant impact on a number of individuals trading as limited companies. The proposed legislation will come into force 6 April 2016 and could impact business owners such that they may wish to seek advice early in 2016.
  • 8th December 2015

    Financial Focus On...Pecunia non olet

    Pecunia non olet is a Latin saying that arose first during the reign of Roman Emperor Vaspasian (AD 9-79) and seems to be a good place to start our occasional winter romp through the weird and occasionally wonderful world of taxation.
  • 30th November 2015

    Bah humbug - the do's and don'ts when planning office Christmas Parties

    As employees minds turn to the social highlight of the office calendar and the opportunity to let their hair down - “The Christmas Party” – it’s worth employers just taking a bit of time to plan ahead. Aside from the potential damage to employees reputations and the embarrassment that can follow drunken debauchery there are both HR and tax pitfalls for bosses.
  • 27th November 2015

    What the Chancellor forgot to mention in his Autumn Statement…

    This week’s Autumn Statement speech (the first under the new majority Conservative Government) was well crafted by the PR men with lots of positive messages about the economy and the achievements of the Government.