The Optimum Salary and Dividends for Small Businesses in 2018/19
Changes to how dividends are taxed in two of the last three years mean the tax picture for small-business directors is becoming increasingly complex. Being truly tax efficient with salaries also means considering annual National Insurance Contribution (NIC) thresholds. Quite quickly it can become overwhelming and we see many businesses who become lost in the fog of what is and what isn’t efficient. No need to panic though, clearing the fog isn’t as complex as it appears, and small businesses have more than one approach to take to achieve tax efficiency.
It is worth noting before we go any further that if your work is covered by IR35 most of the below won’t be applicable. If this is you, get in touch to see how we can help.
What the Autumn Budget 2018 Means for Small Businesses
The Autumn Budget is always a big talking point for those of us who work within the financial services industry, especially when you work with small businesses. Some have touted Philip Hammond’s budget as ‘the end of austerity’ and he himself called it the budget for “strivers, the grafters and the carers”. Whilst there was plenty in there about Brexit, the NHS and funding for councils to tackle Britain’s pothole-ridden roads, what we’ll be looking at in more detail here is what the budget means for those who work with, for, or own a small business. We are small-business accountants after all.read more
I've been working for HL&W for 2 weeks now so I wanted to give you an insight into where I've already been and where I plan on going next!read more
Making Tax Digital in 2019
Making Tax Digital (MTD) is the most fundamental change to the administration of the tax system for at least 20 years.read more
Starting HL&W - Cheryl's Story
I think I'm highly organised. I've always made time to fit everything in, I like the structure, I thrive on creating great relationships, I care and I have to seek advice. I believe honesty is key. I worry. I am human. As is everyone. I took a leap of faith, I had the qualifications, knowledge and experience but could I actually start my very own accountancy practice? I had self-doubt, I was encouraged and inspired by special people around me and went for it.read more
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