by Ray Baxter | May 27, 2016 | Business Updates
HMRC have changed the rules on the re-imbursement of expenses to employees. Expenses are no longer treated as taxable income and do not need to be reported on a P11D annually as before. Expenses qualify for this treatment if, had the employee borne the cost...
by Ray Baxter | Oct 26, 2015 | Business Updates
AIA which provides 100% tax relief on qualifying Capex has been set at £200,000 from 1st January 2016. This has now been made permanent. Annual Investment Allowance has fluctuated throughout its history. It started at £50,000 in 2008, rose to £100,000, fell again to...
by Ray Baxter | Oct 26, 2015 | Business Updates
For the last 43 years firms who registered for VAT were able to claim back VAT paid on stocks and assets held at the date of registration. HMRC have changed its interpretation of the rules to a “pro rata” basis. For example a van bought by a business a year prior to...
by Ray Baxter | Oct 24, 2015 | Business Updates
National minimum wage increased on 1st October from £6.50 to £6.70 for employees aged 21 and over. On 1st April 2016 the National Living Wage will be introduced requiring employers to pay £7.20 per hour to employees aged 25 and over. Also from 6 April 2016 the...
by Simon Baxter | Mar 17, 2015 | Business Updates, Cloud Computing
THIS EVENT HAS NOW ENDED We’re very pleased to be hosting another seminar for local businesses, this time discussing the various tips and tricks we’ve learned to make running restaurants, bars and cafes a little easier. Baxterworld has been...
by Simon Baxter | Feb 2, 2015 | Business Updates, Cloud Computing, Office updates
THIS EVENT HAS NOW ENDED Baxterworld are very pleased to be leading a seminar, specifically for Charities, highlighting emerging software and technology that can make daily administration easier. We work with many charities around Northern Ireland and understand how...
