The 9-box grid
The 9-box grid is a tool for talent management and succession planning. The 9 box grid segments employees into 9 groups based on two dimensions – performance and potential. The purpose of the matrix is to align talent management and development initiatives to where they add the most value. When making talent management decisions, it […]
Are you claiming the full tax relief on pension contributions?
A basic rate taxpayer will obtain 20% pension tax relief on contributions up to the earnings in a tax year A higher rate taxpayer can claim 40% pension tax relief, and an additional rate taxpayer can claim 45% pension tax relief. A non-taxpayer can pay £2880 net into a pension scheme, and this is made […]
2024 General Election
We knew it was coming – but we did not know the date – until recently. What will happen on 4 July? Whilst an interest rate cut looks increasingly more likely, the next decision regarding these is due on 20 June, but the Bank of England may delay any cuts to avoid making it “political”. […]
Tax E-Newsletter – June 2024
Welcome to the June edition of our Tax newsletter. We hope that you find this informative. Please contact us if you wish to discuss in more detail any of the points highlighted. REPORT EMPLOYEE BENEFITS ON FORM P11D BY 6 JULY P11D forms for reporting expenses and benefits in kind provided to employees and directors […]
Navigating GDPR
The General Data Protection Regulation impacts business worldwide GDPR mandates stringent requirements governing the processing of personal data, emphasising transparency, accountability, and individuals’ rights. Businesses must grasp the fundamental principles and obligations outlined by GDPR to align their practices accordingly. Conducting a Data Audit A critical first step for businesses is conducting a […]
Have your self-assessment tax returns prepared now!
Another standard aspect of the tax process commonly put off until the dreaded filing deadline of 31 January is the “Filing of the Self-Assessment Tax Return”. Typically, this is considered a behavioural problem and generally left until the last minute because it is often viewed as a chore and a process contributing little benefit. However, […]
Square payment processing
Payment processing for small and medium sized businesses. Square Point of Sale (POS) systems have become incredibly popular since they launched in 2017. The ubiquitous little square card reader now appears everywhere from busy restaurants to coffee carts outside train stations and even in taxis. Square’s card reader is a little square gadget […]
Second properties and capital gains tax
There has been recent press speculation around Angela Rayner and her disposal of a property that, purportedly, gave rise to a capital gain of some £48,500 before costs of acquisition and disposal and her failure to pay any capital gains tax We are not aware of the full circumstances by any means. We […]
VAT Road Fuel scale charges
If VAT is reclaimed on road fuel and the vehicle has any element of private usage, an adjustment is needed in each VAT return The VAT fuel scale charge is the method businesses in the UK use to calculate the VAT they owe on fuel for business vehicles used for private purposes. This allows […]
Empathetic listening
As a manager, how can you become a more empathetic listener? Effective leadership in business requires more than just giving orders or making decisions. It involves understanding and connecting with employees on a deeper level, which is where empathetic listening comes into play. As a manager, developing empathetic listening skills is essential for […]