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    HMRC have updated their Guidance on Salary Sacrifice Schemes

      The rules for salary sacrifice arrangements changed with effect from 6 April 2017 and HMRC have updated their guidance for employers. Apart from 5 exceptions the amount assessed as employment income for new salary sacrifice arrangements is now the greater of the salary foregone and the taxable benefit as set out in the tax […]

    in News on November 17, 2017 Comments 0
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    Increased Contributions for Workplace Pensions 2018

      Auto-enrolment of staff in workplace pension schemes now applies to even the smallest of employers, although there are exclusions. The current minimum contributions are 1% from the employer and 1% from the employee but these limits are scheduled to increase to 2% and 3% respectively from 6 April 2018.   The contributions will then […]

    in News on November 15, 2017 Comments 0
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    New Restriction for those in Pension Drawdown

      One of the measures affecting pensions announced in the Spring 2017 Budget that was not included in the first Finance Act, concerns a new £4,000 pension input limit for those who are drawing income from their money purchase pension fund.   The new flexible drawdown rules introduced from 6 April 2015 has allowed those […]

    in News on November 13, 2017 Comments 0
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    Changes to Pension Tax Relief in the Budget

      There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget. With the Chancellor looking to increase tax revenues without increasing tax rates, a raid on pension savings is an easy target as the cost of pension tax relief is estimated to be in excess of £35 billion […]

    in News on November 10, 2017 Comments 0
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    How to be a Better Manager

      Not all managers are created equal. There are plenty of good managers and then there are great managers. Here are some key points on how to be a better manager:   Mistakes are an opportunity to learn When a member of your team makes a mistake, use it as an opportunity to work with […]

    in News on November 8, 2017 Comments 0
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    Management with Hootsuite

      Most businesses have some sort of social media strategy. However, managing multiple accounts across various platforms can be complicated.   Hootsuite is a social media management tool that allows users to manage, schedule and post updates to any page or profile on Facebook, Twitter, LinkedIn, Google+, Instagram, WordPress and other platforms from a central […]

    in News on November 6, 2017 Comments 0
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    The Importance of Boardroom Diversity

      A more diverse team is of great benefit to any business. People with different backgrounds, values, skills and personalities working together as a team can help a business to come up with innovative solutions to complex problems.   The management board is the mind of a company. The boardroom is where the strategic decisions […]

    in News on November 3, 2017 Comments 0
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    Value Based Pricing

      A value-based pricing strategy is one which sets prices primarily, (but not exclusively), in line with the perceived or estimated value of a product or service to the customer rather than according to the cost of the product or historical prices.   Value-based pricing is not about racing to the bottom along with your […]

    in News on November 1, 2017 Comments 0
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    There May be More Tax to Pay on Your Dividends in January

      The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many taxpayers there will be more tax to pay on those dividends on 31 January 2018.   Up until 5 April 2016, the […]

    in News on October 30, 2017 Comments 0
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    Reclaiming Foreign VAT on Expenses

      If your business has suffered VAT on expenses incurred in another EU country, for example overseas hotel and restaurant bills, then it is possible to reclaim the foreign VAT.   The foreign VAT must not however be reclaimed on the UK VAT return but by using HMRC’s VAT online services system.   The foreign […]

    in News on October 27, 2017 Comments 0