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- Tax Saving Accountants
- 19 Jan 24
How to Run Payroll Services For a Small UK Business
There are a number of key milestones that every successful business will experience. Making the first sale, for instance. Securing a lucrative contract with an established business. Making a profit for the first time. And, of course, hiring the first member of staff. Building a team is undoubtedly one of the most exciting and rewarding […]
- Tax Saving Accountants
- 9 Mar 22
What Is Payroll Outsourcing?
Put simply, Payroll outsourcing is the act of transferring, subcontracting or outsourcing your payroll processing to another company or accountant. Payroll outsourcing is for businesses that don’t have the time or resources to take on the daunting responsibility and hairy hassle of processing payroll in-house. Outsourcing of payroll gives businesses an opportunity to not only […]
- Tax Saving Accountants
- 11 May 15
No Need for High-End Buyers to Worry About Mansion Tax
Buyers who were worried by a potential mansion tax set to go ahead under the Labour party are expected to return to the higher-end property market after the recent election results. The so-called “mansion tax” would’ve meant that those who owned properties worth more than £2 million or more would have been taxed 1%. Threatening […]
- Tax Saving Accountants
- 27 Apr 15
Report Reveals UK Tax Burden 18% Higher than Global Average
The UK tax burden as a share of the economy is close to a fifth higher than world averages, which may impede growth and stifle entrepreneurship, a new report has claimed. Tax revenue is 32.9% of the GDP, compared to 27.8% which is the worldwide average. This makes the tax level in the UK several […]
- Tax Saving Accountants
- 20 Apr 15
Labour Planning a Crackdown on “unfair tax breaks”
The UK Labour Party has promised to crack down on unfair tax breaks, which are used by private-equity and hedge funds, in an attempt to win over voters before the election in May. Labour has also reiterated its plants to introduce a levy for bankers’ bonuses, which would see funds going towards a youth employment […]
- Tax Saving Accountants
- 13 Apr 15
Parties are Clashing on Top Tax Rate for Election 2015
Both parties are clashing on top tax rate, and Labour recently called on the Conservative Party to promise not to lower the top income tax rate if it wins the election. George Osborne responded by saying he had no plans to do so, but also refused to completely rule the move out. In 2013 the […]
- Tax Saving Accountants
- 8 Mar 15
Conservatives may Raise Inheritance Tax Threshold to £1m
The hugely unpopular “death tax” may be overhauled, making it fairer for those living down south, and ensuring that wealthier people won’t be the only ones to benefit. The current one-size-fits-all policy means that those living in areas with higher valued houses are paying much more inheritance tax, as higher house prices often push their […]
- Tax Saving Accountants
- 30 Sep 14
David Cameron promises sweeping tax reforms
During a well-received speech at the Conservative Party conference in Birmingham, David Cameron has promised a personal income tax allowance for £12,500, and to raise the 40p tax threshold to £50,000. The Prime Minister said that the move would mean that most minimum wage workers would pay no tax whatsoever. Some 30 million taxpayers would […]
- Tax Saving Accountants
- 23 Sep 14
UKIP set to unveil income tax reforms in party conference
UKIP is set to unveil far-reaching reforms to income tax – with those earning as much as £55,000 set to pay 35p of tax for every £1, instead of 40p. Led by Nigel Farage, the controversial party has received a surge of popularity recently. On Friday, it is set to announce that it would raise […]
- Tax Saving Accountants
- 5 Aug 14
HMRC plans to tighten offshore tax evasion
A new criminal offence is being considered by HMRC, which would see offshore tax evaders face tougher sanctions when they try to conceal their wealth. However, most of these cases would be dealt with via civil means. The taxman has launched a new consultation which targets those who move assets between countries on a regular […]