Currently, there is a rumour spreading that it’s possible to backdate a dividend to avoid paying the dividend tax that applies from 6 April 2016. Unfortunately, we can confirm this is not true, a dividend simply cannot be backdated. Under current company law the dividend proposal must be voted on by the company’s directors. The […]
Changes to the taxation of dividends, announced in the Summer Budget of 2015, will take effect from 6th April 2016 where the 10% tax credit on dividends will be abolished. The proposed changes introduced will directly affect small companies who pay small salaries followed by march larger dividend payments in order to preserve entitlement to […]
On 16th March Chancellor George Osborne delivered the 2016 Budget and it appears to be a welcome boost for small businesses. April 2017 will see a number of changes to policies including business rates, corporation tax and capital gains tax all of which will help small businesses. Business Rates Business rates have been reformed as […]
Make sure you are prepared for the tax changes… Many of you will have returned from the Christmas and New Year break with a fresh set of plans for how to grow the business in the year ahead. One significant consideration to throw into the pot is the forthcoming change to dividends and the introduction […]
Company vehicles – Leasing, purchasing or renting? How to buy a company car or vehicle for use in the business is one of the most frequent queries posed to us. Unlike other more industry or size specific tax queries, vehicles form a common theme across all size and types of business. Here we look at the […]
Tax News As the nights are drawing in and we get ready for another raft of new tax legislation to be announced in the autumn statement, we thought we would bring you up to date on a number of previously announced measures and look at what is in the pipeline for April 2016 and beyond. […]
The Budget Summer 2015 …and breathe I think it is fair to say that modest relief is the best way of summing up the 2015 summer budget, the first wholly Conservative budget for nearly two decades. On the face of it, it wasn’t all that painful. As the BBC commented, George Osborne seems to have […]
Tax and Accounts News Round up We are delighted to provide our regular round up of tax and accounts news for you to download here: Evans Weir Tax and Accounts News Round Up Summer 2015 In this edition we look at: The Budget Forecast – Chancellor Osborne returns for his second budget of 2015 (first […]
In 2014 the rules around provision of certain legal services changed… The body that oversees accountancy practices, the Institute of Chartered Accountants in England and Wales (ICAEW) became a regulator and licensing authority, meaning consumers looking for probate services are now able to use appropriately qualified ICAEW Chartered Accountants as an alternative to traditional providers. […]
Whilst we may be wiping our brow and breathing a sigh of relief that January is done and dusted and the tax return deadline has passed, it is worth keeping in mind what the implications are of missing the deadline – if only to keep ones eye on the ball for January 2016…! So we […]