Author Archives: myersclark

Saving tax may not be the main concern when giving to charity, but you might as well benefit if you can.

With the MTD consultation closing today, we have summarised the expected changes. Most businesses, self-employed people and landlords will soon have to manage their tax affairs digitally and update HM Revenue & Customs (HMRC) at least quarterly.

The use of a salary sacrifice arrangement can be a win-win for both employer and employee. But the government is proposing new restrictions.

The UK currently has over 11 million people aged 65 and over, and nearly 80% own their own home. Many of these individuals are likely thinking about passing on their wealth to their families in the most tax-efficient manner.

Landlords are reminded that there is only six months left until the government begins restricting the amount of finance cost relief available.

Certainly, no-one needs reminding that technology and individual accessibility is developing at an unprecedented pace, nor that finance is the backbone of all business activities. So why has cloud accounting, a not-so-new pairing of finance and technology, been getting all the attention recently?

On 1st October 2016, the National Minimum Wage and Apprentice Rate increased.

April marked the beginning of the new single-tier state pension.

The best jobs of today did not exist ten years ago. With the world changing faster than ever before and new skills driving the types of jobs we hold; without constant learning, we risk obsolescence.

The rate of ‘temporary’ tax charged on loans to participators in close companies has been increased from 25% to 32.5%, with the increased rate applying to loans made on or after 6 April 2016.