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insight, guides and tips on how to make the most of your finances
£20M SME COVID RECOVERY GRANT TO GO LIVE
£20 million new funding will be available to help businesses across England get back on track.
Life insurance through your Business
What is Relevant life insurance? Companies who are big enough and meet eligibility criteria, can use a registered group scheme to pay for their employees’ life cover. Though these group schemes are tax-efficient for its members, directors of smaller businesses were...
How to plan for Tax liability using Premium Bonds
Our fellow WIS Director, Suneth Silva has kindly put this video together to explain how the payment of annual Self-Assessment taxes can be better planned via the use of Premium Bonds. A quick recap of why Premium Bonds: ➡️ Anyone can buy them...
Summer statement update: Stamp duty holiday, VAT reduced and other key announcements
Chancellor Rishi Sunak delivered the summer statement (economic update) to the House of Commons earlier today. Below are the key announcements: Stamp Duty Holiday The Chancellor has announced a stamp duty holiday where home buyers will not pay stamp duty up to...
Guide To Getting A Contractor Mortgage
A day rate contractor is a hybrid between employed and self-employed. Most work off payroll for a client who is similar to an employer. Contractors work on one contract at a time and are, therefore, different from being self-employed, where people may work with many...
What is the Optimal Salary for a Sole Director for Financial Year 2020/21?
The new financial year started on 6th April 2020. One of the main questions that arise during this time of the year is “what is the optimal salary for a sole director company?’. We have provided a few bits of guidance below. For tax year 2020/21, personal allowance...
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