How Obsolete Stock can Benefit you
Here’s a way your company can save tax at 19% instead of 17% The current rate of corporation tax is 19% and will be dropping to 17% in 2020. This means that if you can find a way of … Read More
Category Archives: Tax
You’ve got some great team members. How do you reward them and incentivise them without the taxman taking his demoralising, large slice?
Wouldn’t it be great if you could do something extra to motivate and retain the key members of your team? Something to give you the edge over your competitors and, at the same time, avoid paying tax and National Insurance. … Read More
Is there any way I can reduce the tax I have to pay at the end of the month?
Is there any way I can reduce the tax I have to pay at the end of the month? January 31st is less than three weeks away and, I guess, you’ll have some income tax to pay! Here at Styles … Read More
What can I do before my company’s year-end to save tax?
Most UK companies currently pay tax at the rate of 19%. It’s not been as low as this for many years. In fact, I cannot remember it being any lower. With this in mind, it’s always worth remembering that, with … Read More
How will a modified opinion in my charity’s audit report impact me, as a trustee?
Following the collapse of Kids Company, new rules were drafted which recommended improved guidance for auditors on reporting to regulators. Key among the changes was an extension to the list of reportable matters to cover modified opinions, such as emphasis … Read More
Can I buy a van on HP and still get tax relief?
This is often a question that our clients ask when they are considering purchasing a van for their business use. The options available when buying a van include outright purchase, leasing, bank loan or hire purchase (HP). The good news … Read More
Important tax dates for your diary, 2018
Can you believe we’re almost done with March? Where does the time go? Well, if you’re not careful, yet another tax deadline could be upon you without warning. Which is why we wanted to share these important tax dates for … Read More
Are entertainment related costs tax deductible?
Special rules prevent tax relief being allowed for the cost of business entertainment, but certain related costs escape. Let me explain further…. Business entertainment All UK businesses are prevented by law from claiming a tax deduction against profits for expenses … Read More
How to increase your profits, even when sales are slow
When sales are slow, it can feel like the walls are closing in. But no amount of staring at your spreadsheets and willing your profit margin to increase will do the trick. It’s time to roll up your sleeves and … Read More
Dividend tax change 2018 – Here’s what you need to know
In the past, a basic-rate taxpayer was not liable for tax on dividend income. However, higher-rate and additional-rate taxpayers were, paying 25% and 30.6% respectively. This was subsequently followed by a new dividend tax scheme, introduced in April 2016. Income … Read More