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May insider newsletter

3 May 2016

business advisers preston

In this edition, the following topics are discussed:

  • Charities unaware of reporting obligations

Many charities are unaware of their reporting obligations with 1 in 5 having submitted the wrong documents, according to research by the charity commission.

  • Employer national insurance contributions for apprentices abolished

Employers with apprentices under the age of 25 will no longer need to pay national insurance contributions (NICs) for them.

  • Changes to capital gains tax for 2016/17

Changes to capital gains tax (CGT) and entrepreneurs' relief claims have been introduced in the Finance Bill 2016.

  • Lifetime ISA: Is it right for you?

Adults under 40 can save up to £4,000 annually while receiving a 25% government bonus each year using a lifetime ISA from April 2017.

To view this article in full, please click here to download the attached document.

If you require more information on any of the above topics, please do not hesitate to contact one of our business advisers on 01772 741200.

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