by MAS | Dec 18, 2015 | Uncategorized
Dividends are commonly used by business owners to extract profits from their company. In most situations this is particularly efficient as dividends don’t attract National Insurance Contributions. However, from 6 April 2016 the tax rates for dividends will increase by...
by MAS | Dec 12, 2015 | Uncategorized
Let’s look at how HMRC chooses individuals and businesses for enquiry once it has received returns: The current tax gap is estimated to stand at just shy of £34bn, with the largest proportion of the gap due to income tax, national insurance contributions and...
by MAS | Dec 9, 2015 | Uncategorized
The number of people being declared bankrupt could now fall dramatically, as the government increases the threshold required for a creditor to begin bankruptcy proceedings, from £750 to £5,000. The change came into effect from 1st October and is the first increase in...
