A partnership is not a legal entity but one or more of the partners can apply for a policy on the life of the key person. The policy can be written into the key person Partnership trust if required. The … Continue reading
A question we hear fairly regularly and the answer is yes. If you are sent a tax return to complete then you must enter details of all income received no matter how trivial or whether it is taxed before you … Continue reading
Those who read our post yesterday will be aware of the journey of a gentleman from Ohio called Zack Brown who is raising money through crowd funding to make a potato salad. At the time of writing yesterday’s post, the … Continue reading
Anyone who knows us knows that there’s nothing we love more than someone with a bit of an entrepreneurial knack and the ability to see the potential in even the most simple of things. It was only last year we … Continue reading
Borrowers can access funding between £1k and £1.2m over terms ranging from 3 months right up to 10 years. Many lenders will offer the chance of a capital repayment holiday to further aid cash flow. What are the costs of … Continue reading
You will need to assess your workforce initially on your staging date, and at every pay reference period which is at each monthly or weekly payroll run, and when a worker reaches any pivotal age of 16, 22, and state … Continue reading
Generally most debts in your business will be able to be funded against although some exceptions do exist. Unincorporated customers will tend to be backed although individuals (‘Joe public’) are unlikely to be funded against. The concentration of the debtor … Continue reading
Business plans allow you to put your ideas onto paper by setting out the targets of your prospective business and, crucially, how you are going to achieve them. Perhaps more importantly though, having a watertight and succinct business plan can … Continue reading
This a common question when it comes to looking into relevant life policies and unfortunately, in short, the answer is no. A new contract must be established by the… Continue reading
The first port of call should always be your accountant who will work with a variety of different providers and who should be impartial when it comes to whom they place business with.
Once an initial meeting has been … Continue reading
If you do opt to enlist a professional tax adviser, the amount of work taken to complete a tax return can differ and therefore so can the costs.
Some firms do not quote ahead of the work; they will… Continue reading
No. As an employer you have various options open to you such as; using the National Employment Savings Trust (NEST), converting your existing scheme to meet the required quality standards, putting in place a new scheme offered by a… Continue reading
Perhaps unsurprisingly, we hear this question a lot.
Generally, the most common circumstances requiring Self Assessments are… Continue reading
If you own commercial property, are about to sell commercial property, or are about to buy commercial property, recent changes to legislation on Capital Allowances may mean that you are not obtaining all of the tax relief available to you. Continue reading
Here are our deals, client wins and accomplishments from May… Continue reading
Take a look at some of our favourite tweets to come through the @sedulogroup Twitter account over the past month… Continue reading
The employer duties that come with auto enrolment are not optional and The Pensions Regulator (TPR) will be responsible for ensuring that you comply with your employer duties.
There will of course be penalties associated with not complying with… Continue reading
The level of cover is subject to normal underwriting limits and so the maximum level of cover is restricted to up twenty times salary and remuneration package (including pension contributions).
However, the limits and definition of remuneration packages vary… Continue reading
As the economy continues its gradual progress to full recovery and the financial outlook of the country is steadily improving, we are finally experiencing a little more liquidity in bank finance at all ends of the spectrum. Whilst bankers on the frontline have been preaching the banks’ mantra that they are ‘open for business’ for quite some time now, it has taken until comparatively recently for consumers… Continue reading
There has been a flurry of activity from HMRC recently, all designed unfortunately to raise more money for the treasury. Firstly, HMRC have issued late filing penalty notices for all 2013 tax returns that weren’t submitted within the deadline of … Continue reading
Some MP’s have raised concerns of proposal’s in the Chancellors budget to allow HMRC to raid personal bank accounts of taxpayers who fail to pay up despite repeated reminders. Head of tax at Sedulo, Darrell Booth, believes this measure will get through despite protestations… Continue reading
Even with the proposed changes to make bank funding more accessible, the time taken to gain credit approval can be a lengthy process; often taking weeks to get an answer.
The major attraction of Crowd funding is the streamlined application and acceptance process… Continue reading
This month, we are celebrating our 5th birthday.
It’s been quite a ride; we’ve seen growth in all facets of our business, numerous business, tax and corporate finance successes in a variety of business sectors, and all in the backdrop of… Continue reading
If you are a company director and you have personal life cover to protect your family and dependents then you could be paying more tax than you need to.
If you pay for life cover from your own bank account then you will be paying from post tax … Continue reading
A relevant life policy is priced the same as personal life cover by providers, it is who pays the premiums, and the tax treatment of premiums, that derives the cost savings.
There is no additional charge by insurers for having a relevant life cover. Continue reading
Arranging life cover for yourself can now be treated as a legitimate business arrangement and, with your company paying the premiums, there is also the potential of reducing your company’s Corporation Tax liability.
Here are some of the advantages of relevant life policies… Continue reading
Child benefit starts to reduce if one of the parents earns more than £50,000.
Depending on your income and the level of pension contributions that you are already making, it may be possible to avoid the Child benefit tax charge by making additional pension contributions. Continue reading
There are two welcome measures designed to stimulate business investment in plant and machinery.
We had a temporary “annual investment allowance” (AIA) of £250,000 due to expire on 31 December 2014 but this period has now been extended to 31 December 2015 after which the amount will reduce… Continue reading
If you have a small pension… The small pension fund benefits allowance, known as Trivial Commutation, has increased from £18,000 to £30,000 from the 27th March 2014 for people aged 60 and over. In addition to the triviality rules, you … Continue reading
Bad news for all those taxpayers that are still happy to use promoted tax schemes to avoid tax. All schemes with a requirement to notify under the DOTAS regulations are to be counteracted under the General Anti-Abuse Rule (GAAR). This … Continue reading