From 6 April 2018, the total amount of dividends that company directors and shareholders can receive tax-free will fall from £5,000 to £2,000.
With the Autumn 2017 budget report being newly announced, our free annual Wettone Matthews budget report is now available to download. Our report talks you through the highlights and details on the changes to be implemented in the upcoming 2018/19 tax year.
The rules relating to PSC's have been updated with effect from 26 June 2017.
If you are a Company Director or Company secretary, new rules came into force with effect from 26 June 2017. PSC's are individual shareholder who own more than 25% of a company's share capital or has more than 25% of voting rights. Please click the link below for further guidance. Failure to comply, failing to provide accurate information, or failure to provide information within the time deadline is a criminal offence and may result in a fine or prison sentence of up to two years.
The Alton Air Training Cadets once again held their annual award presentation evening, and we were honored to once again be selected to present an award!
The new Chancellor of the Exchequer, Philip Hammond, has issued the 2016 Autumn statement and spending review. Key areas highlighted in this year's statement discuss the increase in Personal Allowance, the National Living Wage & National Wage increase, and Corporation Tax reduction.
On the 29th September 2016 we held our annual MacMillan coffee morning, open to all our clients, colleagues & the public. In total we managed to raise £271.50! (an increase on the previous years £252.00) with the help from all providers of cakes and sweet treats.
Currently, a dividend payment of £9,000 represents gross income of £10,000 with a 10% tax credit which covers your liability unless you are a higher rate taxpayer.
Here at Wettone Matthews we understand the need for accuracy and precision!