It has been estimated that more than 1.7 million self-employed workers now earn below the new National Living Wage. According to the Social Market Foundation’s (SMF) research this number will eventually rise to 1.9 million by 2020, affecting the 14 per cent of the UK workforce who are self-employed. The SMF’s annual Family Resources Survey… Read more…
The Chancellor used his latest Budget announcement to deliver a raft of changes to the personal tax regime. George Osborne said that his latest Budget would be a statement for the next generation and he delivered on this promise by introducing a new Lifetime ISA. The announcement of a Lifetime ISA could prove a boon… Read more…
The move to tax loans to participators at a higher rate was not announced by the Chancellor in his main speech to Parliament. However, further investigation of the Budget documents has revealed that from this month, the rate of tax payable by a company on any balances lent to an individual participator or related unincorporated… Read more…
In the last year the buy-to-let sector has been hit by a number of new government measures aimed at increasing the Treasury’s tax take from the sector. However, landlords may not be aware of the HM Revenue & Customs (HMRC) Let Property Campaign; a scheme that offers an amnesty to individuals who have failed to… Read more…
Directors have been told that they now have only four months to save their company from being struck-off from the Companies House Register if they do not reply to formal letters from registrars. In a warning to directors, Companies House has said that those who are late in filing their company accounts, and don’t reply… Read more…
Specialist chartered accountancy firm Salhan Accountants is celebrating after being shortlisted for a prestigious award. The firm has been named as a finalist in the tax investigation team category for this year’s Tolley’s Taxation Awards. The Taxation Awards made their debut in 2001 and are now recognised as marks of excellence within the tax sector,… Read more…
Salhans accountants says Chancellor George Osborne has finally recognised the substantial contribution that small and medium-sized businesses (SMEs) make to the UK economy. Instead of the doom and gloom of past Budget announcements, businesses have been rewarded with a reduction in Corporation Tax, a cut in business rates, a less complex tax system for the… Read more…
At Salhan Accountants, we offer a wide range of tax planning and wealth protection advice to ensure that individuals and businesses optimise their tax position and utilise all the reliefs and allowances available. That’s why we are pleased to have compiled a checklist of the key investment and tax planning ideas that you should be… Read more…
A comprehensive survey conducted by the British Business Bank has revealed that lending to small and medium-sized businesses in the UK is growing for the first time since the financial crisis began. The Government-backed lender welcomed the renewed availability of bank debt in its Small Business Finance Markets Report, which increased for four consecutive quarters… Read more…
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