On the 8 July 2015, George Osborne announced a number of changes to the taxation of property businesses. Without a doubt the most impactful change is the loss of higher rate tax relief for finance charges, which includes mortgage interest. What he didn’t explain was the not so gentle push of many landlords, who were previously basic rate tax payers, Continue Reading
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Dividend Tax changes April 2016
It was bound to happen some time... At present there are considerable savings in National Insurance contributions to be made if a minimal amount is paid as salary and any balance of a remuneration package is paid as dividends (particularly for shareholder directors of private limited companies). From April 2016, the NIC status of dividends is not changing and therefore Continue Reading
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R & D boost for smaller businesses
In a major boost for pioneering small businesses, the Financial Secretary to the Treasury, David Gauke, recently launched a new plan outlining how government will make it easier for small businesses investing in research and development to claim tax relief. The two-year plan, which is a response to an HMRC consultation, aims to increase take-up of research and development (R&D) Continue Reading
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McCleary & Company add Lisburn Office
We are pleased to announce that we will be incorporating the highly respected Lisburn firm, JR McKee & Co, into the McCleary & Company family on 1 October 2015. The Lisburn office, headed by John McKee FCA, will add to our already strong team and will help us ensure that we can continue to develop our services for all Continue Reading
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