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Welcome to your new site!

Posted by WebBoss on 16th October 2018 in Blogging | new site, first blog post, welcome
Welcome to your new instablog website! This is your first blog. In your Control Panel, you can edit or delete these pages or blog posts, or you can add as many more blog posts as you want! To access this, simply log in to your admin dashboard and go to Module > Blog > View All Blogs...
 

The 2017 car tax changes explained

Posted by WebBoss Design on 17th October 2018 in Blogging |
The 2017 car tax changes explained From next month, the way that vehicle tax is calculated will change, affecting all of us with vehicles registered with the DVLA from 1 April 2017. Vehicle tax for the first year will be based on CO2 emissions and after that the amount of tax that needs to be paid will depend on the type of vehicle. Unlike the current system, in which low-emission vehicles and petrol cars are exempt, the new Vehicle Excise Duty (VED) will only be free for vehicles with no tailpipe emissions (electric and hydrogen cars only). These new regulations will mean that all new cars will face a significant increase in their tax demands during the fi...
 

What to expect from the 2017/2018 financial year

Posted by WebBoss Design on 17th October 2018 in Blogging |
What to expect from the 2017/2018 financial year The first two weeks of April introduce some big reforms for your finances. Income TaxAs highlighted in the spring 2017 Budget, your tax free personal allowance will rise from £11,000 to £11,500 which means that the amount someone can earn tax free in 2017/18 will be over 75% higher than in 2010. This should save over 20 million people £100 a year. At the same time, the starting point for somebody to enter the higher rate tax band will move from £43,000 to £45,000, saving higher rate tax payers a further £400 per year. This is not the case however in Scotland, as the higher rate threshold for earned incom...
 

HMRC recover debts of up to £17,000 though PAYE codes

Posted by WebBoss Design on 17th October 2018 in Blogging |
HMRC recover debts of up to £17,000 though PAYE codes From April 2015, HMRC bought in a new legislation which gave them the power to collect debts of up to £17,000 through an individual’s tax code, even without the individual’s consent. From the 2015 / 2016 tax year, this new method of debt collection referred to as ‘coding-out’ saw an increase from the previous collection limit of £3000 for earnings less than £30,000. The upper limit for how much debt can be coded out is linked to the tax payer’s income. There is a graduated scale so that the maximum £17,000 can be coded out for a person with earnings over £90,000. There is no change for th...
 

You The Taxpayers to face the highest Tax Burden for 30 years

Posted by WebBoss Design on 17th October 2018 in Blogging |
You The Taxpayers to face the highest Tax Burden for 30 years The Institute for Fiscal Studies have recently claimed that UK taxpayers are facing the highest Tax Burden for 30 years. Over 37% of Britain’s National Income will be drawn from your tax receipts for the first time since 1986. These tax increases derive from a number of new legislations such as higher tax on dividend income, increase in tax on insurance premiums, higher vehicle excise duty and a new restriction on pension contributions for those on very high incomes. Hundreds of thousands of people, are suddenly paying a higher rate of tax as the threshold has failed to keep up with rising infl...
 

Business Plans

Posted by WebBoss Design on 22nd October 2018 in Blogging |
Business Plans Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. It is one of the most important aspects of starting a new business. Your plan should provide a thorough examination of the way in which the business will commence and develop. It should describe the business, product or service, market, mode of operation, capital requirements and projected financial results. Why does a business need a plan? Preparing a business plan will help you to set clear objectives for your business and clarify your thinking. It will also help to set targets for future...
 
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