Want to support your local sports team? Here’s how to do it VAT free

As a business owner you no doubt receive requests from local schools, community clubs and charities to sponsor events, donate equipment or make financial contributions. These are all great ways to give back to the community and raise the profile of your brand, but you may be hesitant if you don’t know what the VAT [...]

Want to support your local sports team? Here’s how to do it VAT free 2016-07-22T17:38:08+01:00

What family businesses need to know about Pensions automatic enrolment

Did you know that the law on workplace pensions has changed? The Government introduced new legislation in 2012 making it compulsory for employers to enrol eligible workers into a workplace pension scheme and make regular contributions. This is known as automatic enrolment or auto-enrolment. Every employer must enrol workers into a workplace pension scheme if [...]

What family businesses need to know about Pensions automatic enrolment 2016-07-22T17:36:11+01:00

Get the best benefit when it comes to car fuel tax

When it comes to company cars, fuel and tax can be a complicated business. It may not seem so at first - you have a car, you use it for work, so you can include it as a business expense, surely? Unfortunately, it’s not that simple. Company car tax Company cars are considered a Benefit [...]

Get the best benefit when it comes to car fuel tax 2016-06-20T12:43:08+01:00

Essential information and update about tax free and subsidised childcare

The government was set to launch tax free childcare in late 2015 however court action meant that this was delayed.  The companies that brought the challenge to the Supreme Court lost their case and now the new scheme will be delayed until early 2017.  In having the delay it allowed the Chancellor to make one [...]

Essential information and update about tax free and subsidised childcare 2016-05-09T17:54:35+01:00

Own or run a company? Taxation on your dividend payments has changed

If you’re a company owner and/or director then you need to be aware of a recent Government move which has changed the way you can take funds out of your business. Although designed to simplify the process, it is suggested that this will have the biggest impact on smaller SME companies.   Changes to your [...]

Own or run a company? Taxation on your dividend payments has changed 2016-05-09T17:52:37+01:00

If you’re a director and your company owns a business property you may be better off owning it yourself

  If you run a business from a property that you own there are tax benefits in transferring the building’s ownership from the business, over to you as an individual. You can also transfer it from your company to one or more owners. Here’s how it works To explain how this works we’ll use the [...]

If you’re a director and your company owns a business property you may be better off owning it yourself 2016-04-15T17:20:42+01:00

Budget Update

At Aspirations we are always looking for ways to help you to save tax and if you are in receipt of dividends, either from your company or from a share portfolio then the new dividend tax will be of special interest to you. Why not ask us to review your tax position on the dividends you receive and see if we can help you to save tax?

Budget Update 2016-03-17T10:57:45+00:00