Charities SORP
I am sure most Chief Executives and Charities are now aware that there is a new FRSSE SORP 2015 coming into effect for Charities for accounting periods commencing on or after 1st January 2015.
Self-Employment, Consultants, Travelling Expenses
There has been a recent tax case, a Dr David Jones HM Revenue & Customs 2015 which has quite worrying implications. This case went against the tax payer.
Love In A Box
The staff at Caladine took part in Mustard Seed's Love In A Box campaign, which is to provide presents at Christmas for under privileged children throughout Eastern Europe.
Social Enterprise Tax Relief
This is a tax relief scheme designed to support Social Enterprises seeking external finance offering a range of tax relief that can be claimed by individual.
Mortgage Interest Deductions
In his Summer budget George Osborne announced that landlords will only be able to offset mortgage interest at the basic rate of tax 20% by 2020.
Dividend Changes 2016
As most readers will know, the government have announced new legislation which will be coming in April 2016, taxing dividends.
Family Investment Companies – FIC
Over recent years, with changing legislation, Trusts are no longer the most tax efficient way to transfer assets to future generations.
Savings Income 0% Rate
Are you aware that from April 2015 if your total income, including wages, pension, benefits and savings income is less than your personal allowance level plus £5,000, you will be able to register for tax free.
VAT Digital Sale – Moss Registration
Some good news. HM Revenue & Customs have announced that those businesses who supply B2C digital services but below the UK threshold for VAT registration
Statutory adoption pay
Very strangely adoption leave arrangements were somewhat different from maternity leave. However, from 5 April 2015 it has all changed. Adoption leave now follows the same format as maternity leave.
Standard Individual Savings Accounts (ISA’s)
This year’s budget created a brand new ISA and then introduced changes to the existing ones. This together with other improvements announced last year is an opportunity to outline those which are available.
ISA’s – Latest news
There are now three types of ISA that you can choose from (standard individual savings accounts). These are all tax free investments.