Entries by Mani Kauren

VAT after Brexit

On 23 June 2016, the British public voted in one of the most important referendums of modern times. The public’sdecision to leave the EU will have an impact on almost every aspect of economic life. Trading relationships will need to be reformulated and new ways of attracting foreign investment may have to be sought. Futuregovernments […]

Employee benefits and rewarding staff

Many of us do not really think about the commitment that employees make to their employers in terms of time. The average 9 – 5 worker with their 5.6 weeks of statutory holiday is likely to work around 1,880 hours a year. Understandably, many employers want to provide their staff with a range of benefits […]

Insider – October 2016

Businesses pay £44 billion in corporation tax Businesses paid£44.4 billion in corporation tax in 2015/16, according to figures from HMRC. This is an increase of 3% from the £43 billion collected in 2014/15, and is the highest since 2007/08. The figure reflects increases in tax from the manufacturing, distribution, financial services and commercial sectors. North […]

Personal financial planning

No one should be without a financial plan. Read our guide to get started. Achieving your financial goals is made harder when you don’t have a plan laid out on paper. Without a timescale, a sense of priority and an idea of how you will use your money in the future, how can you be […]

National insurance planning

Since its introduction in 1911, national insurance (NI) has changed from a form of protection against ill-health and unemployment to include a wider range of benefits. Today it helps people build entitlement to the state pension and other state benefits including the maternity allowance and incapacity benefit. Although it is not a tax there is […]

Insider – September 2016

Apprenticeship funding proposals announced Employers with 50 employees or fewer will have up to 100% of their apprenticeship training costs funded by the government. The government has announced more details about its apprenticeship programme and the funding that will be available to businesses that take on apprentices. The proposals relate to the reformof apprentice funding […]

Gifts and inheritance tax

Inheritance tax (IHT) at 40% is due on the portion of a person’s estate that exceeds £325,000. This can be reduced to 36% if 10% (or more) of the estate is given to charity. Married couples and civil partners can transfer any unused allowance to their spouse, meaning the nil-rate band can potentially double to […]

Audits and accounts

An audit is an official inspection of a company or organisation’s accounts by an independent body. A company can choose to be audited in order to prove to its investors or shareholders that its accounts are sound. An external audit should also determine whether all financial reporting is in accordance with current accounting standards and […]

Insider – August 2016

New system to challenge business rates outlined  A system to allow businesses to check and appeal business rates bills has been announced. The aim is to ensure that disputes are settled more promptly. Currently, over 955,000 appeals have been submitted against rating valuations but less than 2% of business rates appeals proceed to a tribunal […]

Extracting profits from your business

A guide to tax-efficient profit extraction for business owners. Owning and running your business is a tough proposition but it is vitally important that people continue to do it. As well as the rewards that come from hard work and determination, there are also monetary benefits to running your own business. There are a variety […]