The law on workplace pensions has changed to make it easier for people to save for their retirement. Automatic - or auto - enrolment means every employer must enrol eligible staff into a qualifying pension scheme. Both you and the employee contribute to the pension, as does the government in the form of tax relief. Find out your staging date Continue Reading
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Is my State Pension taxable or not?
The State Pension is part of a pensioner’s taxable income. The problem is, it is paid gross, without deduction of tax. If your sole source of income is the State Pension then this should cause no problem as the State Pension is usually below the annual tax-free personal allowance. What can, and does, cause a problem is if you have Continue Reading
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Reduce your company tax liability
Don’t let tax be a problem this year. Stay ahead of developments and make sure you take advantage of ways to legitimately reduce your company's liability to tax. Here are some of the allowances and planning tips directors and company owners should know about this year. Research and development The research and development (R&D) rules offer tax opportunities for SMEs. Continue Reading
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TV productions vie for share of UK\’s new TV tax credits
The UK’s new TV tax credit for approved productions in the UK are going down a storm with production companies on both sides of the Atlantic. One of the key draws to working on productions in the UK, aside from the financial incentives, is the large pool of experienced crew and actors based in the UK. TV production incentives were Continue Reading
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