by Wijay Kanagasundaram | May 1, 2019 | Accounting and bookkeeping, Budget, HMRC, News, Personal finances, Self Assesment, Tax
Financial year for 2019/20 began on 6th April 2019. Here is a quick refresher of changes you need to be aware of. Personal Allowance Personal allowance (the annual amount you can earn before paying tax) for this financial year – rises from £11,850 to £12,500. If...
by Wijay Kanagasundaram | Feb 14, 2019 | Government announcements, Personal finances
The cost of childcare in the UK has increased significantly compared to rest of the world. A recent research sugests many parents in UK are now spending more on childcare than their mortgage. Government recently stopped “Childcare voucher” via salary...
by Wijay Kanagasundaram | Jun 9, 2018 | Accounting and bookkeeping, HMRC, Personal finances, Tax
What is Relevant life insurance? Relevant life insurance is an insurance policy that a business can take out to provide life insurance for an individual employee. The policy is applied and paid for by the business, and is written into trust from outset so it pays out...
by Wijay Kanagasundaram | Feb 7, 2018 | Government announcements, HMRC, Personal finances, Self Assesment, Tax
The Self-Assessment return for 2016/17 will be the very first return with Dividend Tax. Dividend tax was introduced by former Chancellor to Exchequer George Osborne in Budget 2016. Key changes from 6th April 2016 are, The Dividend Tax (10%) Credit will be abolished...
