From laser invoices to payslips, Sage provides stationery for all your business needs. The simple layouts are designed with security and increased business productivity in mind. For 20% off your next stationery order, just order through us (your … [Read More...]
One of the major changes from the Summer Budget is that the taxation of dividends will be reformed from 6 April 2016. The 10% dividend tax credit is abolished and, in its place, individuals will have a £5,000 dividend tax allowance. An individual will pay no income tax on dividend income received up to that amount. However, dividend receipts in excess of £5,000 will be taxed at: 7.5% for basic rate taxpayers (previously 0%) 32.5% for higher rate taxpayers (previously 25%) 38.1% for additional rate taxpayers (previous 30.56%) The new dividend allowance will represent a significant tax increase for owners of small companies who have been able to extract profits from their business with a tax-efficient mixture of salary and dividends. Example In 2015/16, Alan takes a dividend of £27,000 net (£30,000 gross) from his personal company. His only other income is salary equivalent to his personal allowance. He pays no income tax on this combination of salary and dividend … [Read More...]
Rob Tindle is the new President of The Northern Society of Chartered Accountants (NorSCA) for the 2015-16 year. NorSCA is the membership body that represents 4,000 ICAEW Chartered Accountants and ACA students across the North East and Cumbria. Having previously served as Deputy President, Vice President and Honorary Treasurer, Rob assumed the voluntary role of President at the recent AGM and will serve in office for the next 12 months. He takes over from Andrew Jackson. Rob is a Partner at Tindle’s Chartered Accountants, specialising in Business Advice to SME clients. He is a member of the ICAEW Review Committee and is Charmain of the Teesside General Practitioner Group (GPG). He will be supported during 2015/16 by his fellow Northern Society Office Holders who were also elected at the AGM. They are: Deputy President – David Arthur (Tait Walker, Chartered Accountants) Vice President – Karen Muir (Homes and Communities Agency) Honorary Treasurer – Peter Longmore (Kaplan … [Read More...]
On Friday 27th March 2015, HMRC finally released the long anticipated CASC guidance notes, found at the link below, in relation to the new rules which will officially come into action on 1st April 2015. https://www.gov.uk/government/publications/community-amateur-sports-clubs-detailed-guidance-notes/community-amateur-sports-clubs-detailed-guidance-notes The guidance notes were as expected with some helpful examples included to demonstrate ways in which current registered CASCs could adapt certain aspects of their club in order to remain compliant with the new requirements. For example, the guidance provides detailed examples of ways which golf clubs could adapt their membership fees in order to enable those golf clubs with fees higher than the new £520 annual limit to remain a CASC. The guidance also sets out methods which HMRC would find acceptable as methods for CASCs to keep records of their members who “participate” in the sport, to assist those clubs with … [Read More...]
- 20% discount on your Sage stationery order…
- Calling all manufacturers, join BBC’s Steph McGovern and the AMF to talk ‘skills’ in Manufacturing…
- Northern Society of Chartered Accountants has welcomed a new President and team for 2015-16…
- Summer Budget 2015 – New tax regime for dividends
- Summer Budget 2015 – tax changes
- July Budget – what does it mean for employees?
- Summer Budget – A reaction from the North East
- Mini Budget Predictions – the proposed inheritance tax (IHT) changes
- The new Community Amateur Sports Club (CASC) rules – does your club continue to qualify? HMRC are now actively reviewing CASC clubs’ qualifying status
- Energy Saving Opportunity Scheme (ESOS) – what you need to know
- Calling all manufacturers – it’s almost time for the 2015 MHA Manufacturing Survey
- NECC Business Tips Book Released
- Selling your company or business: are your commercial contracts in order?
- Could you get caught out by the July Budget?
- Mini Budget Predictions