From 1 March this year, businesses with fewer than 58 employees will start having to comply with the new auto enrolment pensions legislation and by 1 June, those with fewer than 30 staff will be captured by the legislation.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Four things to remember if you miss the Self Assessment deadline
January 31st has just passed, which means that Self Assessment season is over for another year. And if you were one of the millions of small business owners who successfully file their tax return on time, you’re probably breathing a big sigh of relief.
Very last minute self assessment tips
5 things to remember when doing your Self Assessment tax return at the last minute
Make sure you ask the right questions when planning for your retirement
In 2014 the Government took what was quite a rigid pension system and has given it a huge shake. The result is that people with pension funds have been given a new set of options and if you are looking at taking retirement benefits anytime soon there are many questions that you will need to be asking.
100 days until the next election: 10 pre-election tax tasks for business owners
Monday January 26th will mark 100 days from the next General Election and a potential change of government. Business owners shouldn’t assume that reliefs available today will still be around next year and the following tax tasks should be considered now, as a new government could result in a swift change in the law.
Pension changes: How they affect you
Chartered Financial Planner and Director of Derbyshire-based Midland Financial Solutions, Kevin Edwards, explains what this April’s pension changes will mean for the UK’s over 55s.
Six-month grace period for businesses affected by new EU VAT laws announced
HMRC has announced that there will be a “transitional period” for small businesses affected by new VAT rules.
Bad accounting habits to give up
The start of the new year is upon us, which means it’s time to think about making a few resolutions to make your life better. So if you’re considering making some pledges for 2015, are there any bad habits you’ve been making with your accounts that you could address to make running your business easier this year?
Claiming tax relief on charitable donations
Around the festive season you may be thinking of donating some money to charity from your business – or if you’re already doing this, you may be considering renewing or increasing that annual charitable pledge.
If you haven’t yet completed your self-assessment forms, DON’T PANIC!
We’ve all had that feeling of panic, especially at this time of year; cards to write, diaries to manage, gifts to buy and, of course, the dread of the looming Self-Assessment return, which you’ve been avoiding for as long as possible, but now, inevitably, has to be faced….
Christmas means Self Assessment is looming
The Christmas holidays are getting closer, which means that unfortunately Self Assessment is also looming just around the corner.
4 Easy Steps to Web-Based Accounting
Keeping an up-to-date record of your financial activities is an essential part of running a business. Web-based accounting systems can offer useful features for small business owners – and more and more are choosing to take their accounting online.
5 ways of drawing monies from owner-managed limited companies
If you are the owner of a business, that’s not publicly listed, you’ll want to draw money from your company for your own use.
PayPal launches loan service for SMEs
PayPal, has introduced Working Capital, a new loan product which promises eligible merchants a tailored grant loan within minutes of request.
More auto-enrolment just over the horizon?
In his latest column, John Ritchie, Chief Executive Officer at Ellipse explains why he believes that more auto-enrolment is just over the horizon and encourages business owners to think about how auto-enrolment for sick pay provision might affect their business and their employees.
