Monthly Archives: March 2016

//March
22 03, 2016

How the Spring Budget could impact you

By | March 22nd, 2016|Legislation|Comments Off on How the Spring Budget could impact you

Last week we wrote a blog post called “Spring budget 2016 – what it means for your small business” outlining how the new tax, business rates and NI contributions legislation could affect you. […]

16 03, 2016

Spring 2016 budget and what it means for your small business

By | March 16th, 2016|Legislation|Comments Off on Spring 2016 budget and what it means for your small business

Today at Safehands we were glued to the news as George Osborne delivered his eighth budget. He began by saying “the UK must act now to avoid paying later to deal with global economic turmoil.” […]

8 03, 2016

Relevant Life – The personal life insurance policy that makes sense and saves you money

By | March 8th, 2016|Tax tips|Comments Off on Relevant Life – The personal life insurance policy that makes sense and saves you money

We’re often asked about tax deductible limited company expenses, so today’s post will be of interest if you’re seeking a little-known way to reduce your tax bill. Up to now you may have taken out a life assurance policy that is funded from your own personal taxed income. Safehands are pleased to offer a new product – Relevant Life – where the premium is paid for by your business instead, offering a number of money saving benefits. […]

3 03, 2016

New rules for dividend taxation – what you need to know

By | March 3rd, 2016|Legislation|Comments Off on New rules for dividend taxation – what you need to know

New rules for dividend taxation, i.e. the new £5,000 dividend allowance; begins 6 April 2016. Currently most company directors pay themselves a small salary – up to the threshold – and take the rest of their money in the form of Dividends as this is the most tax efficient way of drawing income. […]