Lifetime ISA’s

Incorporating the Lifetime ISA into your savings strategy. The past few years have seen several innovations in the savings account market. Gone are the days when savers only had cash and stocks and shares ISAs to choose from. Nowadays you can open specialist accounts designed to help you save for your first home and for… Continue reading Lifetime ISA’s

Capital gains tax

A guide to capital gains tax and the reliefs available for 2017/18. When you buy an item with the intention of selling it for a profit, that transaction is treated as a trade and you should pay income tax on the profit you make on the sale. When you acquire an asset to use or… Continue reading Capital gains tax

Employment law rights and Brexit

Employers are in support of the current employment law rights as negotiations to leave the European Union continue. The CIPD asked 500 employers about the 28 areas of employment law and found the majority thought all areas were necessary. Legislation deemed important included: unfair dismissal laws (93%) the national minimum wage (87%) parental rights at… Continue reading Employment law rights and Brexit

Expenses and benefits deadlines

Expenses and benefits not payrolled for the 2016/17 tax year will need to be reported to HMRC by 6 July 2017. Employers can report them by completing specific forms which are available to download on the HMRC website. There are 2 forms to complete – P11D and P11D(b).