by Admin | Mar 2, 2023 | Capital Gains Tax
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% when you sell shares unless they are in a CGT free investment such as an ISA or qualifying pension. If you only pay basic rate tax and make a small capital gain, you may only be subject to...
by Admin | Mar 2, 2023 | Employee Benefits
Share Incentive Plans (SIPs) were first introduced in July 2000 to give employees tax and NICs savings when they buy or are given shares in the company they work for. Provided all the qualifying conditions are met, shares which are obtained under a SIP are not liable...
by Admin | Mar 2, 2023 | Payroll
New National Minimum Wage (NMW) and National Living Wage (NLW) rates come into effect on 1 April 2023. The new rate for the NLW will be £10.42 which will represent a 92p increase over the current rate. The NLW is the minimum hourly rate that must be paid to...
by Admin | Feb 27, 2023 | General
The amount of Bereavement Support Payment you can claim will depend on your relationship to the person who died and when you make your claim. Your payments will be paid into your bank, building society or credit union account. If you were married or in a...
by Admin | Feb 27, 2023 | Business Support
In previous newsfeeds we have described how you can calculate the level of turnover you need to create in order to meet all your costs whether they be fixed costs (rent, rates etc.,) or variable costs (goods you need to buy to convert into goods you sell). For...
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