Tax free perks could be a summer bonus for staff
Many tax breaks are swiftly disappearing, as the Government’s reforms begin to take shape. What perks can you offer staff that are tax efficient? They can also be beneficial for your business…..
Archives – Author
Relationship managers combined with tax centre cuts to create uneven playing field
HMRC has been criticized heavily in recent months for a range of internal failings and so at first glance the announcement last week, that it will be introducing a new role of customer coordinator to manage taxpayer relationships, sounded good. However, is this going to create a 3-tier system for taxpayers? And potentially leave those needing the most help with the least support?
Continue Leave a Comment June 9, 2010
EMI Share option tax breaks ‘to continue until 2018’
Tax breaks designed to help small businesses retain key staff will now be available until 2018, the Government has announced.
Earlier this month, the Treasury confirmed that it had secured the ‘long-term future’ of Enterprise Management Incentives (EMI), after gaining state aid approval from the European Commission.
The eligibility criteria is also being extended to allow firms that carry out overseas activity to take advantage of the incentive scheme.
Continue Leave a Comment August 26, 2009
VAT should be ‘scrapped on green appliances’
VAT should be scrapped on energy-efficient household appliances, the British Retail Consortium (BRC) has said.
In its Pre-Budget submission to the Chancellor, the BRC is calling for the tax to be removed from ‘green’ appliances to help curb carbon emissions and cut fuel bills.
It claims the move, which would cost around £507 million per year in lost VAT receipts, could reduce the UK’s CO 2 output by 1.3 million tonnes each year by 2020.
Continue Leave a Comment August 19, 2009
“Time to Pay” creates new lender for SMEs – with full government backing!
As problems with getting access to finance continue among small firms, the controversial Business Payment Support Service (BPSS) offers a very practical solution for many short term cash flow problems.
Continue Leave a Comment August 6, 2009
AVOID THE 3 CLASSIC INHERITANCE TAX PITFALLS
Too many people succumb to the top 3 classic tax pitfalls by failing to link their wills with tax planning. And this results in payment of inheritance tax at 40% when it could be entirely avoided.
Continue Leave a Comment July 20, 2009
“Inoculate” your business and save on taxes with key green initiatives
Much continues to be written about green businesses and the importance of corporate social responsibility (CSR). Research has shown its importance for reputation management. A study published in the Journal of Reputation Management showed clearly that firms who had a reputation for “doing good” bounced back much more quickly after an industry crisis compared with their less altruistic counterparts. In effect, their CSR policies had an “inoculating effect”, creating a “reservoir of goodwill” among stakeholders. In addition to the public relations benefits, the right strategy can also deliver a significant financial advantage as this article will highlight with an overview of the different green tax breaks relevant for small to medium sized businesses.
Continue Leave a Comment July 13, 2009
