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Self assessment deadline
18 days to go until the deadline for submitting your self assessment tax returns passes. Please can you ensure that your details are with us to complete your return if they are not already.
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LBW Newsletter December 2011
This month’s topics: 2011 Round up and How to enjoy a tax efficient Christmas Round up for 2011 – All topics covered in our newsletters This month represents the end of our second year at LBW and we would like … Continue reading
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Tagged employee, employee benefits, employment, entertaining, gifts
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How do we get you 40% income tax relief?
Entrepreneurs’ relief allows business owners to pay a lower rate of capital gains tax on the proceeds of business sales. The entrepreneurs Capital Gains Tax rate, for qualifying disposals, is effectively 10% for the first £10M of business disposals. Example … Continue reading
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Tagged corporation tax, entrepreneurs relief, liability, limited company, tax free, taxable
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LBW Newsletter November 2011
National Insurance and how we can reduce your liability Successive Governments have insisted that national Insurance is not a tax when it comes to defending the pledge of not raising taxes whilst at the same time increasing national Insurance. National … Continue reading
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Tagged class 2, class 3, class 4, class1, contribution, employment, national insurance, NI, PAYE, social security
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LBW Newsletter October 2011
This month’s topics: Inheritance tax. Is your net worth over £325,000 Do you know what a PET is? Do you want to protect your family interests after death? In 1789 Benjamin Franklin famously wrote to Jean-Baptiste Leroy “In this world … Continue reading
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LBW Newsletter September 2011
Children This month we will explore the various tax and other implications of having children. Employing children Children like any individual are allowed to have income up to £7,475 per annum before they pay tax. Whilst savings income may account … Continue reading
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Tagged children, employment, savings, tax deductable
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National Employers Savings Scheme (NEST) LBW Financial Solutions
People are living longer lives. This means people can enjoy more time in retirement and need to plan and save for their later years. The Government estimates that around seven million people are not saving enough to meet their retirement … Continue reading
LBW Newsletter August 2011
The PAYE Scheme The PAYE scheme is fundamental to the operation of a business which has employees. This includes companies where the only employee is the company director/shareholder. The operation and use of the PAYE scheme has in previous year … Continue reading
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Entrepreurs Relief
How do we get you 40% income tax relief? Entrepreneurs’ relief allows business owners to pay a lower rate of capital gains tax on the proceeds of business sales. The entrepreneurs Capital Gains Tax rate, for qualifying disposals, is effectively … Continue reading
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Tagged annual taxable profit, Entrepreurs relief, income tax relief, tax free
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The Business Decision
1) Self employed or Limited company There are a number of factors which will need to be considered before the decision is made as to whether or not the business should trade as an unincorporated entity or as a company. … Continue reading