Do I need to use the NEST for Auto-Enrolment?

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

Do I have to complete a tax return?

Perhaps unsurprisingly, we hear this question a lot.

Generally, the most common circumstances requiring Self Assessments are… Continue reading

Capital Allowances – are you missing out on Tax Relief?

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

May 2014 Successes

Here are our deals, client wins and accomplishments from May… Continue reading

May 2014 top tweets

Take a look at some of our favourite tweets to come through the @sedulogroup Twitter account over the past month… Continue reading

Auto enrolment fines and penalties

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

What are the limitations with a relevant life policy?

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

How the banks are lending

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

Are HMRC getting more from you than they should?

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

Do HMRC already have too much power or should we encourage greater effort to collect tax owed?

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

Why choose crowd funding over bank debt?

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

What a difference 5 years makes…

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

Why would I need a relevant life policy?

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

How much does relevant life cover cost?

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

What are the advantages of a relevant life policy?

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

Can you avoid the child benefit tax charge?

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

What are changes to Annual Investment Allowances?

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

After the Budget announcement, how much can be taken from a pension?

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

What do the Budget 2014 changes mean for tax avoidance schemes?

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

What are the new ISA limits?

Excuse the pun, but the New ISA has certainly become nicer. First of all, the ISA limit has been increased to £15,000 from the 1st July 2014. In addition, there is no fixed or maximum amount that can make up … Continue reading

What are the increases in personal allowances?

The chancellor made a surprise announcement with a small unexpected give away. We had been expecting personal allowances to increase from £9,440 to £10,000 for 2014/15. It was announced that the allowance will be further increased to £10,500 for 2015/16 … Continue reading

How to fund an acquisition

Each acquisition is different but there are many ways to fund a transaction as long as the numbers from the financial due diligence stack up. Such sources may include leveraging the assets which you will be acquiring in the new … Continue reading

What are the personal tax allowances for under 65’s and over 65’s?

Under 65’s | £9,440 If you are running a business as a sole trader or partnership then your level of profit and other income will determine whether or not you are using the full allowance. However, but if your profits … Continue reading

What is the difference between due diligence and a financial audit?

An audit is a detailed review of historical financial data involving substantive and systematic testing to corroborate the figures presented in a set of statutory accounts. Financial due diligence on the other hand will look more in to the trends … Continue reading

What are the tax free benefits of a JISA?

A Junior Individual Savings Account (more commonly known as a JISA) is ‘wrapper’ that comes with several major tax advantages. The key advantages are… Continue reading

Do sports clubs have to register for VAT?

A sports club with business activities and turnover from standard-rated, reduced-rated and zero-rated supplies (including subscriptions) above current HMRC (“HM Revenue & Customs”) limits should register for VAT. Continue reading

HMRC own goal saves VAT for sports facilities

HMRC has announced a change in policy following the First Tier Tribunal (FTT) decision in the case of Goals Soccer Centres plc. This applies to all organisers of sports leagues and competitions where pitches and league / competition management services are being supplied. Continue reading

Sedulo advises on the acquisition of Just Search by Digital Next

Digital Next have announced the acquisition of Just Search, one of the founding members of the search industry. This represents a huge step forward for the firm and adds to already remarkable organic growth achieved throughout the UK, Australia and the US. Continue reading

January Successes

There were certainly no January blues as far as our team were concerned.

Here are our highlights from January… Continue reading

January top tweets

Take a look at some of our favourite tweets to come through the @sedulogroup Twitter account over the past month… Continue reading