Corporation tax

Corporation tax
Corporation tax can sound intimidating but it is in fact one of the simpler taxes. The conservative Government further simplified corporation tax by changing it to a flat-rate 20% tax as of April 1 2015. However, there are various allowances, reliefs and ring-fenced profits that can be difficult to get your head around. Here at Marshall Smalley we aim to decode the financial jargon so taxes makes sense.
Tags:
Continue reading
2176 Hits

5 questions we are frequently asked about statutory sick pay

5 questions we are frequently asked about statutory sick pay
Statutory Sick Pay is a staple of a truly civilised society, however, there are many myths and misgivings about it. Here at Marshall Smalley we hope to clear the air by answering some employers’ frequently asked questions regarding Statutory Sick Pay.
Continue reading
2573 Hits

Marshall Smalley 2015 Summer Budget Overview

Marshall Smalley 2015 Summer Budget Overview
The post election Budget delivered on 8 July 2015 announced significant tax changes that will affect the tax affairs of small companies and individual landlords in future tax years. This is our general summary of these important areas of taxation that will affect a number of our clients.
Tags:
Continue reading
2060 Hits

Avoid making mistakes for VAT

Avoid making mistakes for VAT
VAT is probably the most well known tax; everybody has been paying it from the first time you spent your pocket money at the tuck shop, to your latest purchase. VAT on consumer sales is easily comprehendible with a flat-rate applied to (most) goods. However, on the other side, in the murky world of business, VAT becomes a much more complicated issue, with 3 different rates of VAT to consider and different rules for imports, exports and charities. Here at Marshall Smalley we aim to straightforwardly explain VAT so you can stay on the right side of the tax man.
Continue reading
2532 Hits

The financial year: what happens when

The financial year: what happens when
Everybody knows the Roman calendar year; from January to December, you probably learnt it back in primary school.  However at no point in school are you taught the financial year, which can look chaotic and confusing.

The tax year is vitally important to running a business and staying on the right side of the HMRC.  That’s why we have decided to create an easy to understand timeline of the financial year.
Continue reading
2097 Hits