Contractors

Loans to directors

Posted by Kath Docherty on July 05, 2017  /   Posted in Contractors, Directors Remuneration

This article concerns an announcement made in the Budget 2016 for which legislation will be introduced through the Finance Bill 2016.

Where loans are made to directors and unpaid nine months after the company year end, the tax charge is now 32.5% for all funds drawn.

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Auto enrolment – how this affects small businesses

Posted by Kath Docherty on February 07, 2017  /   Posted in Contractors, Directors Remuneration, Employers, Hot Topics

Automatic enrolment legislation will affect all employers with at least one member of staff in the UK. An employer’s duties will “switch on” from their staging date. By now, many small businesses have¬†received their letter from the pensions regulator with their staging date. If you don’t know yours yet, please contact us and we can confirm this for you.

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