Each year company directors have a decision to make to determine whether they need to change their monthly salary for tax efficiency purposes. When it comes to a tax efficient salary for the 2021/22 tax year there are three national insurance thresholds to be aware of:
As a company director, not only is there a responsibility to submit accounts to HMRC and Companies House but also to submit an annual statement called the confirmation statement. Previously this was known as the annual return.
Over the past 9 months we’ve seen firsthand the number of companies suffering losses on business operations due to the effects of coronavirus.
The hospitality and attractions sectors are enjoying a special 5% VAT rate which applies from 15 July 2020 to 12 January 2021.
It is almost certain as a reader of this blog you will have made some further changes to your daily routine as we head into our second national lock-down which is scheduled to end 2nd December – although this may be extended dependent on the situation at the time. Pubs, restaurants, gyms, non-essential shops and places…
The Bounce Back Loan Scheme (BBLS) has been extended to 31st January 2021 which is welcome news.
For business owners, 2020 has been a year of unexpected and unprecedented challenges. Whilst we are all experiencing difficulties we’d never have anticipated before March, some things never change…self assessment season is just around the corner again. The pandemic has put an almighty strain on small business owners’ livelihoods, wrecking havoc on both their business…
A business plan is an essential document for any new business. It is the route map of how an idea manifests itself into a viable business. It is also an essential document if you need to raise finance for your business.
