TODAY’S HEADLINE

1 week

Want funding for professional advice? Small and medium sized businesses – have you applied for Growth Vouchers? You only have 1 week left!

In January 2014 the Growth Vouchers programme launched a £30m fund aimed at encouraging small businesses to seek professional advice to help address key business issues such as raising finance, managing staffing costs and implementing company pension … [Read More...]

1

Budget Wish List

In preparation for tomorrow’s Budget Announcement, our tax team are sharing their Budget Wish Lists… Andrew would like to see a number of changes that would benefit the North East, including: More funding for graduate placements in the North East Regional NIC holidays to boost employment in the region. This would make it cheaper to employ and would make a real difference to the North East if it was to last a considerable period. Extension of EIS and Seed EIS to give income tax relief for those using their own savings to set up their own business. Our team will also be providing key summaries and reactions throughout the week – follow us @TaitWalker for live tweets and updates and use the hashtag #Budget2015. … [Read More...]

1 week

Want funding for professional advice? Small and medium sized businesses – have you applied for Growth Vouchers? You only have 1 week left!

In January 2014 the Growth Vouchers programme launched a £30m fund aimed at encouraging small businesses to seek professional advice to help address key business issues such as raising finance, managing staffing costs and implementing company pension schemes in line with new Auto Enrolment rules. The scheme is open to any business based in England that has been running for over one year, has up to 250 employees and has not sought “strategic advice” in the last three years. However, the programme closes to new applicants on 31st March 2015 – so you only have 1 week to apply and benefit from the scheme. Businesses who wish to apply need to: Be registered in England Have less than 250 employees Be actively selling goods and/or services Have a turnover no greater than €50m or £45m Own 75% or more of their business Why Growth Vouchers? Statistically, businesses are more likely to grow and succeed if they have a ‘financial business plan’ in place. However, there … [Read More...]

Taxation & Payroll

They think its all over… It is now! The CASC rules have finally been enacted

As an update to the long running saga of the changes to the rules on Community Amateur Sports Clubs, the legislation implementing the changes to the CASC rules announced by HMRC and, which have been consulted on for nearly two years, was enacted on 18th December 2014. The new legislation will come into force from 1 April 2015 and will require many clubs to alter aspects of their membership structure or structure for provision of facilities and services to both members and non-members. The new rules implement the key changes as had been expected and widely consulted upon, namely: The “Open to the Community” rules will require clubs, who have base membership fees of more than £520 annually, to provide new affordable membership options to persons on low incomes where that cost of participation will have to be less than £520 a year The “income condition” will require that clubs who generate more than £100,000 a year of turnover from trading income adapt their corporate … [Read More...]

Archives

Follow

Get every new post delivered to your Inbox.

Join 128 other followers