What does it mean to be Self Employed?
What are the benefits and cons of registering yourself as a Self Employed person? What taxes do you have to pay? These are very frequent questions and we’ll answer them all in 6 minutes.
How Brexit will affect all the small and medium enterprises in London?
On Thursday 23rd of June 2016 the UK will vote either to remain in or leave the European Union.According to the Government voting to leave the EU would create years of uncertainty and potential economic disruption. This would definitely reduce investment and cost jobs in the UK.The reason why voting to leave could result in […]
BUDGET APRIL 2016
The Chancellor has presented his Budget to Parliament on 16th March 2016.During the Budget speech Mr. Osborne has promised many times to “put the next generation first”.Here’s a summary of what was announced: According to Mr Osborne UK should remain in EUMr Osborne flagged up the OBR comment in its economic forecast: that “a vote […]
WHAT SHOULD YOU ASK YOURSELF BEFORE YOU SET UP A NEW BUSINESS?
Before you invest thousands of pounds launching a new business, you should think carefully and do your homework first. The chances of your business being successful increase when you plan cautiously before spending money.In my opinion, starting a business without a plan is a waste of money. There is a well-known phrase that states: “Fail […]
HOW TO CHOOSE YOUR BUSINESS PARTNER
For me, a business partnership is similar to a marriage. Marriage could be seen as a legal contract between spouses that establishes rights and obligations between them, between them and their children, as well as society in general. Individuals marry for many reasons, including legal, social, emotional, financial, spiritual and religious purposes.Now, starting a business […]
NATIONAL LIVING WAGE COMMUNICATION
From 01st April 2016 the Government’s new National Living Wage will become law. How is this going to affect you?From 01st April 2016 you must pay all employees aged 25 and over the National Living Wage rate (NLW), which is currently set at £7.20/hour and is mandatory, not optional. The National Minimum Wage rate per hour depends on your age and whether you’re […]
NEW DIVIDEND TAX RATES FOR 16/17
The way dividends are to be taxed is to change from April 2016 and will see basic-rate taxpayer subject to a new levy of up to 7.5%.The Government expects to raise £6.8 billion over the next five years by replacing the dividends tax credit with a tax-free dividend allowance of £5,000, with higher taxes on […]
AUTUMN BUDGET STATEMENT: OUR ANALYSIS
What is the Autumn Statement?In the United Kingdom, HM Treasury makes two statements each year to parliament upon publication of economic forecasts: the Autumn Statement and the Summer Statement. The duty to publish twice annual economic forecasts was created by the Industry Act 1975, with the first such publication occurring in December 1976.Osborne’s 2015 statement on 25 November […]
WHAT SHOULD YOU LEARN FROM A SUPERBUSINESSMAN?
After reading more than 500 books about business and listening attentively to more than 3,000 business owners in Vertice Services Accountancy and Consultancy (www.verticeservices.com), I’d like to take a closer look at the issue of what makes some business people more successful than others. I am very passionate about this subject and enjoy a lot […]
HOW CAN YOU INCREASE YOUR SALARY BY £5,000 A YEAR WITHOUT INCREASING YOUR WORKLOAD?
On July 8th 2015, Chancellor George Osborne delivered the Summer Budget 2015. If, like many, you were enjoying a summer holiday overseas you may have missed it. If so, you will find this article of interest.Every year, I wait anxiously for the government budget. I like to read it and carefully study all the changes announced […]
