by AJN Accountants | Feb 17, 2024 | Accounting, Advice, Business, News, Small Businesses, Tax Planning
If you engage part time workers, or staff who work irregular hours, on permanent contracts you need to be aware of new rules affecting holiday pay calculations which take effect for holiday periods starting after 1 April 2024. Getting holiday pay right is vital,...
by AJN Accountants | Nov 29, 2023 | Advice, Business, Tax Planning
The Chancellor has announced cuts to national insurance contributions for self-employed taxpayers and employees.The headline news from the Autumn Statement was the reduction of primary Class 1 and Class 4 NIC and the removal of compulsory Class 2 NIC. The main rate of...
by AJN Accountants | Oct 25, 2023 | Advice, Business, Tax Planning
A family investment company (FIC) is a company set up specifically for investment purposes rather than trade. The corporate entity is set up as a normal company and is limited by shares. Property, cash and equity often make up the investments held within an FIC. A...
by AJN Accountants | Aug 10, 2023 | Advice, Business, FAQs, News, Small Businesses
As we approach the summer holidays, it is not unusual for business owners to receive requests from friends/family for their children conducted a summer placement. In such a scenario it is important to carefully consider the below factors before accepting any children...
by AJN Accountants | Jun 26, 2023 | Advice, Business, News, Tax Planning
Petrol and diesel pump prices are high but the tax-free mileage rates payable to employees who use their own vehicles for business have not been adjusted for over a decade. VehicleFirst 10,000 miles per yearAbove 10,000 miles per yearCars and...
by AJN Accountants | Apr 26, 2023 | Accounting, Business, Tax Planning
The Budget confirmed that the main rate of corporation tax will rise from 19% to 25% on 1 April 2023 but the small profits tax rate will stay at 19% where the company’s profits do not exceed £50,000. The Chancellor failed to highlight that the effective marginal...
