From April 2015 there will be a starting rate of tax of 0% for those with savings income of up to £5,000. This means that the first £5,000 of savings income, which would normally be subject to income tax, is tax free and any individual with income of £15,500 or less where £5,000 of this is made up of savings income will pay no tax. This savings income could be any bank or building society interest but not including the income from ISA or NISA accounts which is already tax free.
A claim has to be made to have the interest paid free of tax and we will be happy to calculate if you will...
The government announced its latest initiative on childcare in the March 2014 budget. This is a great opportunity for the self-employed who, up until now, have had no access to childcare arrangements attracting tax incentives. However the consideration for many employees, including company directors, is what is the most effective arrangement for them.
The definition of a qualifying child and qualifying childcare arrangements has not changed substantially between the old and the new scheme but what is really important to remember is that the old scheme is a tax related scheme. The old scheme...
S D Business Management are looking for a new team member to help us continue to build on our reputation for providing excellent advice and first class service to our business and personal clients alike.
We are seeking an organised, self-motivated assistant to provide efficient administrative and marketing support to our team. The ideal candidate will be PC literate, with strong skills in Word, e-mail, Excel, and PowerPoint. This role also includes looking after our website and social media offering as well as providing assistance with our marketing activities.
We would expect a prospective...
Major corporate frauds and collapses hit the headlines from time to time and often these are high profile and the amounts involved quite spectacular.
The issues associated with well publicised frauds may seem far removed from your business but the simple truth is that fraud can affect businesses of all sizes. Whether you employ a small team or a significant workforce, this factsheet considers how you can increase your awareness of the factors that indicate fraud. It also sets out the defences that you can implement to minimise the risk within your business.
It couldn't happen here
It is easy...
Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The most suitable structure for you will depend on your personal situation and your future plans. The decision you make will have repercussions on the way you are taxed, your exposure to creditors and other matters.
The possible options you have are as follows.
This is the simplest way of trading. There are only a few formalities to trading this way, the most important of which is informing HMRC. You are required to keep business records in order...
When you plan on going on a hike you need to pack a few essentials…water bottle, sandwiches, coat, flip-flops.
Wait a sec… one of these things does not belong!
But that didn't stop the tourist that twisted his ankle while exploring the 4,006ft Aonach Mor in Scotland!
Trekking up a rather sizeable slope in flip flops just spells disaster and led to him being stretchered down by a team of laughing mountain rescuers.
What’s next, swimming in kitten heels? Slipper wearing abseilers?
However it does lead to something relatively businessy – always approach a new task with the right...
We all know that tax can be complicated at the best of times - but sometimes it can be downright strange! Starting this week, we're going to showcase some of the weirder aspects of tax.
This week - tea cakes/snowballs. According to HMRC, snowballs (marshmallow covered in chocolate) are classed as confectionary and therefore subject to VAT, but their biscuit-based cousins, the tea cake, is VAT exempt - all because of that crunchy base.
Last week, in what must have been a truly difficult and unpleasant hearing, the Government's First Tier Tax Tribunal ruled that snowballs are actually...
Many people wonder deep down if they could really make a go of running their own business. It is not for everyone but the following is a list of attributes that successful business owners have. You do not need all of these characteristics but ‘go-getters’ have the majority of the qualities.
Qualities needed for success
To help you decide whether or not you are cut out for the enterprise culture, do you see in yourself any of the following? Are you:
Positive - decisive and enthusiastic to succeed?
Proactive - do you go out to get things or do you let them come to you?
Determined - have...
How would you feel if a business cut down a vast number of trees in a rainforest?
How would you feel if they did this as part of an advert.
I’m guessing pretty darn angry. – Well this is what thousands of people felt when they saw what Paddy Power had apparently done as part of a campaign for the world cup.
The words ‘C’mon England PP’ were etched into the Amazonian landscape and caused a pretty serious barrage of hate on social media.
We all know that Paddy power is no stranger to shocking PR – remember the Oscar Pistorius advert?
But this was on a whole new level.
We’re always looking for more ways to make running your business less stressful and more enjoyable. That’s why we’ve started working with Xero, software designed to help run your business by giving you easy access to bank transactions, invoices, reports and VAT – anytime you need it, anywhere in the world.
As Xero certified partners, we love this software because it is simple, smart and secure. We think you’ll love it too, which is why we’d like to invite you to join us for breakfast on Tuesday 10th of June from 8-10am at the Blythswood Hotel, Glasgow.