Small Business: Make Cyber Security a Priority

The threat of cyberattacks is clear and present for small businesses, as most don’t have a dedicated IT department looking after cyber security. Therefore, it is always good for small business owners and entrepreneurs to attend conferences and seminars and pick up a few tips. In the past few months, we learnt a few useful tips which we thought may be beneficial to you as well. Use a Virtual…

Small Business: Top Tips to Manage Cash flow

If you run a small business, you’ll know first-hand about the challenge in managing cash flow. At Tax Agility, we have witnessed many cases where business owners are certain about achieving sales targets and profitability by the end of the year, yet they encounter negative cash flow in the process, hampering their growth plan or even putting them out of business because they cant pay their……

Autumn Statement 2016 edition of Tax Tips & News

Individuals Personal allowance and basic rate limit for 2017-18 The personal allowance for 2017-18 will be increased to £11,500 (£11,000 in 2016-17), and the basic rate limit will be increased to £33,500 (£32,000 in 2016-17). The additional rate threshold will remain at £150,000 in 2017-18. It was announced that the allowance will rise to £12,500 by the end of Parliament. The marriage allowance…

How Would Brexit Affect Your SME

If you’re a small or medium-sized business (SME) owner who currently exports to Europe, whether business-to-business or business-to-consumer, the upcoming European Union (EU) referendum on 23 June may hold a significant weight on your business’s future earnings. Because the EU operates as a single market with no tariffs imposed on imports and exports between member nations, small businesses…

Brexit: Opinions on the Impact on SMEs

There’s no doubt that you’ve read hundreds of articles and opinion pieces on Brexit and the European Union (EU) referendum over the last few months. For this reason, we’re going to keep this brief. This is our roundup of varying (and often wildly different) opinions on the potential impact of Brexit on small and medium-sized businesses (SMEs) across the country. If, like 42 percent of small…

What the Dividend Allowance Changes Mean for SMEs

Announced during last year’s emergency (summer) Budget, the proposed dividend tax changes, known as the new tax-free Dividend Allowance, are due to come into force on 6 April 2016, replacing the old Dividend Tax Credit. Under the tax-free Dividend Allowance changes, all UK residents won’t be taxed on the first £5,000 of dividend income they receive each year, with dividend income above the new…

Business Rates – Celebrations for small business owners?

Does George Osborne's budget announcement come with reason to celebrate for small business owners? Well, don't make a gin and tonic. For around 600,000 small business, there maybe a temptation to raise a glass to Mr. Osbourne, no matter how unpalatable that may seem for some, when their zero rated business rates kick-in next year, but just make sure it’s not a Gin & Tonic. This news, the…

Budget 2016: Key Takeaways for Contractors

Following on from this morning’s summary on the key talking points from Budget 2016 for individuals, below we’ve summarised the key talking points for contractors from Chancellor of the Exchequer George Osborne’s eighth full Budget. Keep an eye out for our article summarising Budget 2016 for small and medium-sized businesses (SMEs), coming later today. New Tax Allowances for ‘Sharing Economy’…

Budget 2016: Key Takeaways for Companies

Following on from this morning's summaries on the key talking points from Budget 2016 for individuals and contractors, below we’ve summarised the key talking points for companies from Chancellor of the Exchequer George Osborne’s eighth full Budget. Focusing on small and medium-sized businesses (SMEs), this is the final part in our article series on Budget 2016. To speak with us directly about…

Budget 2016: Impact on Individuals

Yesterday, Wednesday 16 March 2016, Chancellor of the Exchequer George Osborne delivered his eighth full Budget to the House of Commons since the Conservatives came into power in 2010; his second since the party’s majority win in May of last year. Below we’ve summarised the key talking points from Budget 2016 for individuals. You’ll note what the Guardian call a number of “voter-wooing measures”…