Auto-Enrolment Update

The automatic enrolment of the UK workforce into a formal pension arrangement has introduced over 10 million people to retirement saving. Taking that statistic on face value – it’s been a phenomenal success. The minimum contributions that employers and employees have to pay increased on 6 April 2019, as shown in the table below: * Please note […]

Structure and Buildings Allowance

During the Autumn Budget in 2018 the Chancellor announced a new capital allowance – the Structure and Buildings Allowance (SBA). This was very welcome but is it as good as it sounds? The SBA is available for all business types including sole traders, partnerships and limited companies on qualifying costs for new commercial buildings such as […]

Construction Industry Round Up

A FOLLOW UP ON POINTS COVERED AT OUR RECENT CONSTRUCTION INDUSTRY BREAKFASTS In February and March, we ran seminars focusing on one of our specialist sectors, construction. In Yeovil, this was in conjunction with South Somerset District Council and their Chief Executive, Alex Parmley discussed development plans in the council and explained some opportunities to work […]

Making Tax Digital (MTD) – It’s Now Live…

The much talked about MTD went live on 1 April 2019. In case you have been living in a bubble and don’t know what MTD stands for, it’s Making Tax Digital. This is an HMRC initiative to digitalise record keeping and mandate the submission of information to them through digitally enabled software/links. Initially this affects the submission of […]

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