Archive for 'Blog'

The End is Nigh!! (Tax year – not the World)

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After the madness of December and January we like to try and spend some time with client’s and suggest a few ways in which they can either make the most of their money and/or reduce their current year tax liability.

This can take a few different avenues depending on the type of business and level of profits but the main ones are:

ISA Allowance and new Personal Savings Allowance (PSA)

The limit for ...

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Ride London Baby!

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Woohoo!!! I’ve finally got a place in Ride London!

100 miles of traffic free riding through the Big City!

As it’s a ballot ride I never thought I’d get it – I am over the moon.


This means that my training will have to increase to ensure that I make the most of the ride and the iconic landmarks that I will see along the way.

I cannot wait – ...

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Pension contributions – a triple tax whammy!!!

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This year it’s my dreaded 50th – eeek!!!

As a result I’m sadly getting ever more conscious of what and how to retire (I hasten to add that with 3 beautiful daughters I’ll probably be 101 before I lay down my calculator).

The new pension rules that came into force from April 2015 have made pensions a worthwhile investment on numerous fronts – some of which are obvious, some a little surprising and some not immediately obvious.

The basic one is for every ...

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Are you currently car shopping too? …

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So this year I am really hoping that I can get my act together and have a new(ish) car.

My old girl is getting on a bit and as much as I love her she is rapidly heading towards 100,000 miles on the clock

You can’t beat car shopping – I love it! I get so excited test driving and generally looking all over the internet for just the right make, model and most importantly the right colour!

So I wonder how many ...

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Ride London 2016

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Last year I was fortunate enough to gain an entry into the 2015 Ride London 100 Sportive via the ballot and despite riding head first into a St Johns ambulance paramedic whilst riding up Box Hill I thoroughly enjoyed the whole weekend and was keen to do the event again this year.

I entered the ballot for the 2016 event but unfortunately didn’t get selected so my only option to get a place was via one of the many charity places. ...

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Summary of the Budget

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Corporation Tax Rates

The rates for Corporation Tax are to drop, currently at 20% the rate will decrease to 19% in 2017 and a further decrease  to 18% in 2018.

Annual Investment Allowance

From 1st January 2016 the Annual Investment Allowance for businesses investing in plant and machinery will decrease from £500,000 to £200,000. Over the past couple of years this allowance has changed regularly, however in the budget it has been announced that this new amount of £200,000 will stay for the ...

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Auto enrolment

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What is Auto enrolment?

Auto enrolment is the latest government initiative to encourage workers to contribute to a pension and save for their retirement.

Rather than individuals actively choosing to join a pension scheme they are instead automatically enrolled into one by their employer. If they don’t want to be in the scheme then they must choose to opt out.

Does it affect me?

All UK employers will be subject to Auto enrolment.

What we can do for you.

At Wychbury Greaves we offer a full payroll ...

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P.A.Y.E and the New Tax Year

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Employing people under the age of 21

From 6 April 2015, there will be no Employers National Insurance Contributions (NIC’s) on the wages you pay to employees who are under the age of 21 (up to the Upper Secondary Threshold)

Employment Allowance

The £2000 Employment allowance is available for a second year. The £2000 is available against the total Employers NIC’s for most employers. There are some employers that are ineligible for this allowance.

Small Employer’s Relief

Small Employer’s relief is available to employers whose ...

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End of the Tax year

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Its nearly the end of the tax year – don’t miss out!!!!!
The end of the tax year is the 5th April – there is still time to get those last minute items in that makes the most of your allowances and reliefs.
Top up your ISA
The maximum amount that you can put into your ISA increased to £15,000 last July plus the 50% restriction that applied to cash ISA was removed. If you’ve not used your allowances you can double up ...
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End of the Tax Year

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For many businesses the end of the tax year also signifies the end of their financial year.

There is still time to look at how your business is performing and make important tax saving decisions.

At Wychbury Greaves we can offer tax planning advice to help you save money. We believe the only way to be effective with your tax planning is to regularly monitor your business ,therefore ensuring that we are proactive in your tax saving plans instead of hastily reacting ...

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