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Marriage Tax Allowance [infographic]

Could you save £230 a year?

HMRC have recently shared information that nearly half of the couples eligible to claim marriage tax allowance are still failing to do so.

The tax allowance, worth up to £230 a year, can be claimed by married couples or those in a civil partnership if they meet certain conditions.

However, since it was introduced in 2015, only 2.2 million couples have claimed it, from 4.4 million eligible.

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futureofbusiness

The Future of Business (EVENT INVITE)

The Future of Business

The business world is in a time of great change. You just need to look at the news to hear how self-driving cars and robots are progressing, and at our smartphones to see how increasingly clever technology is becoming. But how will all this affect businesses – especially in the not-to-distant future?

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Selling a business

Selling your business? Maximise its value first

Selling a business can be one of the most important and financially rewarding events in your working life. Understanding exactly what buyers are looking for in a company allows you to plan and execute the sale efficiently, making it more attractive to potential buyers and maximising its value.

Prior planning is key. Selling a business isn’t a quick process – to achieve the right price and terms often takes a year or more. If you’re looking to sell your business, you should ideally begin to maximize the value of your business at least two, but preferably three or four years prior to the sale.

The benefits of selling before you have to means you can take a deliberate approach to what is probably the most important deal of your life. The increased payoff can be enormous relative to the company’s current value. Read our tips for increasing value within this time frame.

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benefits

Using the trivial benefits exemption

The trivial benefits in kind (BiK) regime came into effect in April 2016. This statutory exemption applies to small non-cash benefits like a bottle of wine or a bouquet of flowers given occasionally to employees or any other benefit in kind classed as ‘trivial’ that falls within the exemption.

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Making Digital Tax

As you may be aware HMRC are making significant changes to the tax system regarding Making Tax Digital, which is aimed at bringing businesses into the digital age. HMRC have now published further guidance following the 2017 budget and legislation will be introduced in Finance Bill 2017 to set out the changes.

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Carl Reader- Small Business Confidence Stats

Background scene setting

At the beginning of 2016:

5.5m private sector businesses in the UK, up 97k from 2015, and up 2m since 2000. 99.9% of these are SMEs

The majority of growth has been from non-employing (“micro”) businesses. They make up 89% of the increase since 2000, and 86% of the 2015 increase.

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Self Assessment

Do you know the deadlines for your self assessments? Do you know how to complete a self assessment form?

This guide will answer the above questions in detail and will provide you with everything you need to know about self assessments.

self-assessment

Bounce

d&t teamed up with Intuit/QuickBooks (quickbooks.co.uk) to put on our annual d&t franchise Christmas social on Thursday 1st December 2016. And with the success of our franchise London boat trip, we needed to ensure this event was bigger and better!

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Autumn Statement 2016

Yesterday, Chancellor Phillip Hammond gave his first (and last) autumn statement for this year. See below for a detailed summary of all the changes that are going to be coming into effect

autumn-statement-2016

how will the latest finance news affect you?