An explanation of PAYE coding notices

Employees and employers receive periodic updates to tax code numbers. This number is used by your employer/pension provider to calculate the amount of tax you are stopped on your salary and/or pension. If your affairs are straight forward (and you are not able to...

Associated companies and corporation tax

Most smaller companies pay corporation tax on their profits at the “Small companies rate” – presently 20%. However if profits exceed £300,000 the average rate of corporation tax payable gradually increases, until at profits of £1,500,000 and above...

Tax Planning Ideas – pre 6th April

Here is a list of possible tax planning options that could be considered prior to 6 April 2008. The list is not complete. Tax payers with complex affairs should consider a formal review before the end of the present tax year. Savings: 1. Maximising ISA’s for...

Discounting Is Dangerous

Offering a discount in the heat of negotiations may seem like a good idea at the time but thoughtless discounting is an easy way to lose money fast.   Before you succumb to the temptation to win new business by offering a discount take a moment to consider these ten...

Good Business Deeds Can Be Good Business Deals

Good Business Deeds Can Be Good Business Deals ‘Cause’ marketing that links your company or brand to a non-profit group or charity enables you to promote your business while you give something back to your community. Perhaps the most interesting aspect of this kind of...