The IR35 legislation seeks to tackle the avoidance of tax and national insurance contributions (NICs) through the use of intermediaries such as service companies or partnerships. The rules target circumstances where a worker would be treated as an employee of the...
There are special tax rules affecting the construction industry, which are designed to ensure that tax is paid by workers who are self-employed. Employees must be paid under PAYE, and are not within the construction industry scheme. The construction industry scheme...
Most people recognise that their retirement plans do not look as healthy as they did a decade ago. Stock market collapses have destroyed most people’s compounding calculations while low interest rates are reflected in low annuity rates which continue to be...
Planning not to fail A business plan is essential for every business. Failing to plan your business is the first step toward planning to fail. Recording your ideas, plans and strategies is essential given the ongoing sluggish economy when so many business owners are...
In many small companies, the owners are also the directors, and this gives importance to how income is extracted from the company. Important The declaration of a dividend has for many years been a strategy adopted by many small businesses. Traditionally, small...
Planning to minimise the liability to IHT is a team effort involving you and your professional adviser. To enable long-term planning to be set in place, it is important to carefully consider your planning options before making decisions about your financial planning...
