Latest News Blog

How do I avoid Inheritance Tax on my property?

​Pass on your house free of IHT. The introduction of the residence nil rate band (RNRB) opens up the possibility of leaving the family home to successive generations without triggering an inheritance tax charge. Pass on your house free of IHT The introduction of the residence nil rate band (RNRB)

Read More »

Can I employ a family member?

Can I employ a family member in my business? How much should I pay them? What are the pitfalls to avoid? Many small businesses, whether incorporated or not, pay family members for working for the business. However, as a recent case shows, it is easy to make mistakes which can

Read More »
Salary vs Dividends - One Accounting

Should I pay a salary or dividends?

Dividends provide an opportunity to extract profits in a tax-efficient manner. Extracting profits as dividends Dividends provide an opportunity to extract profits in a tax-efficient manner. As a rule of thumb, it is generally tax-effective to take a salary equal to the primary and secondary threshold for National Insurance purposes

Read More »

When will auto-enrolment contributions increase?

The minimum auto enrolment statutory contributions will be increasing in April in line with auto enrolment legislation. By law, minimum pension contributions will soon be increasing. The minimum auto enrolment statutory contributions will be increasing in April in line with auto enrolment legislation. It is the business owners responsibility to

Read More »

Four things I learned from Accounting Live!

An Accountant’s Exhibition that set the pulses racing…. On Wednesday I popped over to Glasgow to attend the inaugural Accounting Live! Exhibition at the SECC. Aimed at accountants and financial professionals, it had a whole host of software and service providers as well as a stellar line up of presenters

Read More »
Archives