How will Autumn Budget affect small business owners?
Budget update
There are encouraging messages in the Budget for technology and innovation companies. Specific points are: R&D Expenditure Credit Scheme (RDEC) taxable credit will increase to 12% from 11%. Promise to double the EIS investment limit (currently £1m) for investors on knowledge incentive companies. £2.3bn more government investment on R&D. This …
What does pension auto-enrolment mean to you?
Employers
If you run a limited company and have registered as an employer, you will have been sent letters about employer pension auto-enrolment at certain staging date by pension regulators. What actions do you need to take? It depends on your company’s structure: if you hire employees, even if they are …
Impact of 16.5% VAT Flat Rate Scheme on Contractors
VAT
HOW THE INTRODUCTION OF THE NEW 16.5% VAT FLAT RATE COULD AFFECT CONTRACTORS FROM APRIL 2017? Effective from 1 April 2017, The VAT flat rate scheme (FRS) for businesses with limited cost will increase to 16.5% from their current rate, based on defined criteria for a ‘limited cost trader.’ So …