The Budget 2013 was never going to be a huge giveaway and we believe George Osborne actually did a pretty good job of giving a helping hand to small businesses. Whilst acces…
Despite the fact George Osborne seemingly had very little to play with, he delivered what we think most people would regard as a fairly positive Budget for small businesses. Of course there are people who will claim that more could have been done but we …
So, 2012 was supposed to signal the end of tax planning as we know it. That may well be the case for people involved in contentious schemes. However, there are a whole load …
So, 2012 was a year when the spotlight was on tax planning and everyone from Jimmy Carr to Starbucks was in its glare. But tax planning isn't just about complex and contentious schemes. In fact, there are really simple strategies for paying less tax tha…
We all knew George didn't have much to play with in his Autumn Statement so it was never going to be a huge giveaway to small businesses. But there were a few surprises in there w…
The Chancellor gave small business owners a bit of early Christmas cheer in his Autumn Statement. Here are the main headlines and how you will be affected.
We all know that the number crunchers at the Treasury have a black hole to fill (or the ‘tax gap’ as they call it). In their wisdom, the Treasury in the guise of thei…
The Treasury have a black hole to fill (or the ‘tax gap’ as they call it) and in the guise of their evil henchman, HMRC, they have re-started their much criticised campaign of ‘Business Record Checks’. If you are based in London or East Anglia, yours is t…
There’s been much hysteria from the usual media outlets about the amount of Corporation Tax that Google (amongst others) pay in the UK. So much so that high-rankin…
What every business needs to know about Corporation Tax.
A quick 2-step guide to paying the same level of Corporation Tax as Google, Amazon or Starbucks.
Enterprise Investment Schemes (EIS) have always been pretty tax efficient – but the new Seed Enterprise Investment Schemes (SEIS), announced by the government in the last Bu…
Enterprise Investment Schemes (EIS) have always been pretty tax efficient – but the new Seed Enterprise Investment Schemes (SEIS), announced by the government in the last Budget, really do make investing in smaller businesses a great way of saving tax. Wh…
It is always a good idea to check from time to time that you are not paying more tax than you need to. With this in mind, Wow Financial Planner, Geoff Mabbutt has come up with som…
It is always a good idea to check from time to time that you are not paying more tax than you need to. With this in mind, Wow Financial Planner, Geoff Mabbutt has come up with some quick questions to cover the most common areas where business owners could…
A new tax year is upon us, sneaking up on us over the Easter break on 6 April. The rules have all changed, which means there are new opportunities for business owners to save tax …
A new tax year is upon us, sneaking up on us over the Easter break on 6 April. The rules have all changed, which means there are new opportunities for business owners to save tax (or pay too much of it, if you don’t adapt to the changes in this article).
In previous years, the Budget has often been a highly anticipated event, full of surprises and talking points – this was not one of those years. However, despite the fact we…
In previous years, the Budget has often been a highly anticipated event, full of surprises and talking points – this was not one of those years. However, despite the fact we all knew what George Osborne was going to say before he said it, there is still p…
With only a few weeks to go prior to the end of the 2011/12 tax year on 5 April, it is vitally important to ensure that you take action now to minimise your potential tax liabilit…
With only a few weeks to go prior to the end of the 2011/12 tax year on 5 April, it is vitally important to ensure that you take action now to minimise your potential tax liabilities. Completing Wow's Tax Planning Checklist will ensure that you are consid…
Okay, so the snappy headline got you to open this blog, now we had better deliver on our promise. We’ll explain how we got to this figure and then show you a simple way that…
We’ve done some research into the expenses that business owners can legitimately claim back from their business and looked at how much of this total is actually claimed back on average. The difference was £1,110. Read this article to find out what the oth…
Click here for the full (98 page) Autumn Statement
Alternatively, you can read our handy digest for UK small businesses below....
Economic growth
The economic growth forecas…
Today the Chancellor, George Osborne addressed Parliament in his Autumn Statement as the black clouds of gloomy economic data gathered overhead. As the winds die down on a stormy session in Westminster, are there any rays of sunshine for small businesses …
With a whole raft of new tax changes implemented, we wanted to share with you our top 6 tax planning ideas for the remainder of the tax year. With taxation on the rise, making the…
With a whole raft of new tax changes implemented, we wanted to share with you our top 6 tax planning ideas for the remainder of the tax year. With taxation on the rise, making the most of the tax planning opportunities available will become increasingly i…
With major tax changes happening in April 2011, business owners need to prepare now in order to maximise tax efficiency and manage cashflow.
We love helping people save …
With major tax changes happening in April 2011, business owners need to prepare now in order to maximise tax efficiency and manage cashflow.
As you probably know, 6th April is the start of the tax year and there's been a few changes that will affect you. In the olden days, accountants used to send out tax t…
6th April is the start of the tax year and there's been a few changes that will affect you...
The Budget - What it means for you...
In a Budget that focused on growth & investment, there was mainly good news for small businesses. Here's a su…
In a Budget that focused on growth & investment, there was mainly good news for small businesses. Here's a summary of how today's Budget will affect you:
As always, please seek advice before taking any action regarding your personal or business tax affairs. To find out if these tax-saving initiatives are right for you, get in tou…
Tax-saving initiatives from Wow - January 2011
As always, please seek advice before taking any action regarding your personal or business tax affairs. To find out if these tax-saving initiatives are right for you, get in touch.
On 4th January 2011 the standard rate of VAT will rise to 20%. As in January 2010, this change will have various implications for businesses. For any sales of…
On 4th January 2011 the standard rate of VAT will rise to 20%. As in January 2010, this change will have various implications for businesses. For any sales of standard-rated goods or services that you make on or after 4th January 2011 you must charge VAT …
Employer Pensions – Are you ready?
From 2012, big changes are happening to pension schemes in the workplace and every small business will be affected. Have you got a plan i…
Employer Pensions. Are you ready? From 2012, big changes are happening to pension schemes in the workplace and every small business will be affected. Have you got a plan in place?
Where the owners of a business are the shareholders, there is considerable scope for deciding how profits should be taken out of a company.
Business Tax Planning should not b…
Where the owners of a business are the shareholders, there is considerable scope for deciding how profits should be taken out of a company.
