Wages and Dividends 2016-17

Posted by Kath Docherty on February 16, 2016  /   Posted in Contractors, Dividends, Employers, Hot Topics, Tax returns, Taxation

If you run a limited company, you should consider extracting funds through a mixture of wages and dividends.

In this article we will outline two options of combining salary and dividends to ensure you pay the minimum of tax and national insurance.

The options outlined below incorporate the significant changes to the way that dividends are taxed and the restricted availability of the employment allowance which are applicable in the tax year 2016-17.

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That’s entertainment !

Posted by Kath Docherty on November 25, 2014  /   Posted in Employers, Tax returns

What is entertainment?

Business entertainment includes hospitality which is provided free of charge to the recipient.

In general, no form of business entertainment is allowable for tax purposes regardless of whether you personally think there is a purpose specifically related to your business UNLESS you are entertaining employees for the purpose of reward and motivation.

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The Bribery Act – are you ready?

Posted by Kath Docherty on September 26, 2011  /   Posted in Employers

The long awaited and delayed Bribery Act came into force on the 1st July 2011.  It covers all companies with a presence in the UK.

In this news article, we look at the key provisions of the Act and what you need to do to ensure you are compliant.

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