Gareth

Gareth has written 34 posts for primus accountancy

Tax Efficient Life Insurance Cover

At Holcombe Financial Services we work with business owners to create bespoke financial plans that suit their personal and business goals. One area we do a lot of work on is tax efficiency. One area we cover is protection and life assurance for businesses and business owners. Many business owners are unaware that they could […]

Primus breathe life back into local landmark

Primus is Moving After a successful three years, Primus Accountancy LLP was in need of bigger premises. The company has relocated from its previous home on Parkside Business Park to a larger dedicated office at The Old Police Station, 82 High Street, Golborne, WA3 3DA which they have fully renovated inside and out. David Holt, […]

Real Time PAYE Starts in April 2013 – Important Information

Real Time PAYE Starts in April 2013 – Important Information The stressful Year End process of P35 and P14 submission will disappear starting from 6th April 2013, replaced with a submission to HM Revenue & Customs each time your business pays its employees. This is called Real Time Information, or RTI, and it will mean […]

Tax Planning – Maximum Profit Extraction

Tax Planning – Maximum Profit Extraction Increases in the National Insurance (NI) thresholds from 6th April 2013 will increase the optimum annual salary for Directors. The Primary Threshold (PT), the point at which salaries become chargeable to NI for employees, will rise to from £7,592 to £7,748 per year and the Secondary Threshold (ST), the […]

IR35 Update

Amendments to IR35 (intermediaries legislation) The government announced recently that the IR35 rules are to be changed to ensure that the legislation applies to office holders or anyone regarded as an office holder for tax purposes. This follows media criticism of public bodies using personal service companies in situations where it was not always clear […]

IR35 – HMRC’s Latest Risk Assessment Tests

IR35 – HMRC’s latest Risk Assessment Tests HMRC has now unveiled its latest attempt to provide more clarity over IR35 and a number of internet sites are already portraying the new risk assessment tests as an updated indicator of whether or not a contractor is likely to be subject to IR35. This is not the […]

Budget 2012

Budget 2012 The Chancellor of the Exchequer George Osborne presented his Budget for 2012 to Parliament on 21 March 2012. Headline summaries of the main announcements which affect businesses and individuals and listed below (source HMRC website www.hmrc.gov.uk) Income tax rates and Allowances 2012-13 and 2013-14 As announced at Budget 2011, the income tax allowance […]

Profit Extraction – 6th April 2012

Tax Planning – Maximum Profit Extraction Increases in the National Insurance (NI) thresholds from 6th April 2012 will increase the optimum annual salary for Directors. The Primary Threshold (PT), the point at which salaries become chargeable to NI for employees, will rise to from £7,228 to £7,592 per year and the Secondary Threshold (ST), the […]

ESC C16 Deadline 1st March 2012

Directors of small businesses who want to wind-up their company and distribute surplus funds to shareholders have just over two weeks to take advantage of a tax break. Further to our earlier article on the proposed changes https://www.primusblog.co.uk/?p=388 we can now confirm the following changes. The ESC C16 tax concession – whereby money from a wound-up company […]

HMRC’s Electricians’ Tax Safe Plan

If you are working in the electrical industry, have not told HM Revenue & Customs (HMRC) about all your income and now want to get your tax affairs back on track, use the Electricians’ Tax Safe Plan (ETSP). An electrician is anyone who installs, maintains and tests electrical systems, equipment and appliances under stringent safety […]