Tags » Tax Relief

Make the Best of Allowances

As the sole owner/director of your company you face a dilemma over how to extract income from that company. If you pay yourself a salary of more than £8,060 per year you will have to pay class 1 NIC at the rate of 12% on the excess pay above that threshold up to £42,385 pa. 188 more words

What is Overlap Profit?

Overlap Profit affects Sole Traders and Partnerships, here are a couple of examples from BIM81080

Example 1 – one overlap period

A business commences on 1 October 2010. 347 more words

Bicknell Business Adviser

Can you save tax by transferring your self employed losses to a company?

If you are self employed and your business makes losses you have the following options to use the losses:

  1. You can reduce your current year tax bill…
  2. 379 more words
Bicknell Business Adviser

Would a Partial Capital Allowance Claim reduce your tax bill?

It is not necessary to claim the maximum capital allowances available or even claim them at all, crazy as it might sound there are situations when not claiming capital allowances can reduce your tax bill! 133 more words

Bicknell Business Adviser

Private healthcare companies accused of using tax relief to undercut the NHS

Private healthcare companies have been accused of getting unfair tax relief when competing with the NHS to provide treatments such as chemotherapy for patients at home. 206 more words

50+ tax relief measures since Canada's Harper Conservatives came to power

The Conservative Government, with Stephen Harper at the helm,  needs another majority mandate on October 19, 2015 because they are the only federal political party that doesn’t think they know better how to spend our hard-earned money, particularly those of us in the “Middle Class.” 1,264 more words

Conservative Gov't

Letter: Tories asleep on job of tax-cut oversight

Re: Auditor General: Billions in tax breaks given without proper oversight, April 29.

Expensive Government of Canada ads during NHL TV broadcasts extol the many wonderful tax relief measures included within the so-called Economic Action Plan, and now we learn from the auditor general that the tax relief program is a loosey-goosey scheme that has no oversight, and seemingly no one, including Prime Minister Stephen Harper or Finance Minister Joe Oliver, has even the vaguest clue as to the effectiveness of any one tax-relief measure, much less the entire program. 120 more words

Stephen Harper