A new approach to employee benefits

Balancing tax perks with desirability. Like most business owners, you have probably experienced the squeeze in recruitment and retention that has been prevalent for the last 12 months or so. It’s been so significant, it has even been dubbed “The Great Resignation”. According to research from Ipsos, 26% of British workers have thought about quitting… Continue reading A new approach to employee benefits

Cashflow management strategies

You don’t have to spend long running a business before you realise how important cashflow is: the balance between money coming into your company and the money going out on a weekly or monthly basis. There’s not much in commerce more likely to give you sleepless nights if it goes awry than cashflow, as it’s… Continue reading Cashflow management strategies

One in four buy-to-let landlords ‘plan to sell up in 2022’

Almost a quarter of landlords plan to sell up over the next 12 months as buy-to-let becomes increasingly difficult to navigate, a report has claimed. Research from the National Residential Landlords Association (NRLA) found that 23% of property investors intend to dispose of an additional residential property this year.  Buy-to-let landlords said tougher tax rules,… Continue reading One in four buy-to-let landlords ‘plan to sell up in 2022’

Tax rates rise 2022/23

National Insurance and dividends tax rates to rise 1.25% in 2022/23 National Insurance contributions (NICs) and the three dividend tax rates will all increase 1.25% from April 2022 to pay for the social care system in England.  This social care package will be funded through a new UK-wide health and social care levy, which is… Continue reading Tax rates rise 2022/23

Tax and electric cars

The rise of electric vehicles could create £30bn tax hole The Government is being urged to introduce a new road-pricing system, because the increasing popularity of electric vehicles risks leaving a £30 billion hole in public finances each year.  Research submitted by the Tony Blair Institute for Global Change called for a new system, with… Continue reading Tax and electric cars

New trust registration service

Millions of trustees need to register details of their trusts before next autumn, following the launch of a new trust registration service.  The service was originally announced in draft form in 2017, at a time when it would only have applied to taxable-relevant trusts.  Since then it has been expanded to include all UK-resident express… Continue reading New trust registration service