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Monthly Archives: May 2018

Stop the Loan Sharks

We have all heard of individuals who have been affected by the nefarious antics of loan sharks, lenders that breach the normal fiscal rules by taking advantage of needy persons who do not qualify for support from mainstream banking sources. … Continue reading

Posted in Business

When child benefit becomes a liability

A typical two parent, two child family can claim £34.40 per week in Child Benefit (CB). In a tax year this would amount to £1,789. Often, this becomes part of the family housekeeping and is spent. Consider Mary and John … Continue reading

Posted in Business

Tax Diary May/June 2018

1 May 2018 – Due date for corporation tax due for the year ended 30 July 2017. 19 May 2018 – PAYE and NIC deductions due for month ended 5 May 2018. (If you pay your tax electronically the due … Continue reading

Posted in Business

Why tax credit payments can change

If you are claiming tax credits make sure that you keep an eye on changes that may affect the amount you receive. Your payments can go up if: your income goes down by more than £2,500 your benefits stop or … Continue reading

Posted in Business

Who qualifies for the minimum wage

As you would expect there are a range of conditions that affect the answer to this question. We have reproduced below a summary of the main conditions to be observed. Workers must be at least school leaving age to get … Continue reading

Posted in Business