Robert Meredith

Payroll Changes 2016

2016 is the year where the government has finally seen sense and changed the expenses dispensation regime. Previously if an employee had been reimbursed for a business expense such as a train ticket this should have been reported on a P11d even if there was no tax implication. To avoid this a dispensation could have …

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Autoenrolment – 2016 Is The Year!!

Autoenrolment, the word that strikes fear into small business owners across the land. And 2016 is the year that it is going to happen for a huge amount of small businesses in the UK. According to this document https://www.thepensionsregulator.gov.uk/docs/automatic-enrolment-employer-staging-forecast.pdf from a base level of a few thousand businesses staging a quarter last year there are …

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New Dividend Tax

The new dividend tax was announced out of the blue in the budget. The key facts of the proposed changes are as follows:          From April 2016, the notional 10% tax credit on dividends will be abolished.          A £5,000 tax free dividend allowance will be introduced.          Dividends above this level will be taxed …

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Paying Tax

A recurring theme from clients is that they don’t want to pay any tax. Unfortunately for most people this is not an option if they have a business is making money. Even Starbucks and Amazon pay some tax, though they tend to choose in which country they pay it, and are big enough to make …

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