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Dogs in Work

Despite it not being a prominent feature for a workplace, it is slowly becoming more common for staff to bring their dogs to work with them. Though it is not obligatory for the business to allow this, there are some points to be taken into consideration before a decision is made.AdvantagesA big factor that businesses consider when making the decision to allow dogs in the workplace is the positive impact dogs have on the staff. Through several studies, it has been shown there are benefits for a p...

Optimum Salary and Dividends for 2019/20

When running your own limited company a key point of your tax planning should be ensuring that you pay yourself the optimum level of salary and dividends. This advice is most relevant to limited company freelancers, contractors and micro businesses with 1-2 directors or shareholders. ReminderDirectors and ShareholdersDirectors are appointed by the shareholders of a company and are paid a salary for acting as an officer to the company, doing day to day duties on behalf of the shareholders.Shareho...

Automatic Enrolment Pension Scheme – minimum contributions to increase on 6th April 2019

What you need to know From 6th April 2019, the total minimum contributions including employer and employee payments will be increasing from 5% to 8% of qualifying earnings.  As an employer you will need to pay a minimum of 3% with your staff making up the rest to 8%.  This increase is required by law. Date effectiveTotal Minimum ContributionEmployer Minimum ContributionStaff contribute to the remainder Current Rates5%2%Up to 3%6th April 20198%3%Up to 5% What you need to do next If...

1.17 Million businesses still to sign up to Making Tax Digital (MTD)

From a total 1.2 Million businesses, there are 1.17 Million which are still to sign up to Making Tax Digital for VAT; with only a month to go.  According to HMRC, however, 2,000 businesses are signing up daily.What is Making Tax Digital?Making Tax Digital plays a big part in the government’s plans to make it easier to ensure individuals and businesses get their tax correct and keep on top of their affairs. This means tax administration will be: more effectivemore efficienteasier for ...