I’m keeping this simple, and relevant to my client base – small limited companies, partnerships and sole traders. Here’s a list of changes to be aware of, starting this tax year: 1. Personal Allowance: Increases to £11,000 so nil tax to pay on the first £11,000 of total earnings unless you earn more than £100,000 … Continue reading
This year (2016) might be the time to hand in your notice and do your own thing as the government is being very generous (no sarcasm). Most already know that owners of small companies will benefit from: an increase in the National Insurance Employment Allowance to £3,000 a permanent increase to the Annual Investment Allowance … Continue reading