It is nearly the end of the tax year so lots to remember ……
- if you run your own company, and have not yet taken advantage of your full £5000 dividend allowance, then you need to pay yourself a dividend before 6/4/2018. Remember that the allowance drops to £2,000 from 6/4/18
- if you run your own company and your year end is March 31st, have a look and see if you can reduce your corporation tax liability by perhaps making a capital investment, or paying a lump sum into a pension – again, this must be done before your year end of 31st March
- if you have employees, the national minimum wage increases as of 1st April 2018, as per the reminder below:
- Aged 25 and above £7.83
- Aged 21 to 24 £7.38
- Aged 18-20 incl £5.90
- Aged under 18 £4.20
- finally, if you have employees who are enrolled in the pensions, the total minimum contributions increase as of 6th April 2018 to 5% of which the staff member must contribute 3%
Please note that our office will be shut on Good Friday 30th March and Easter Monday. We shall open again on Tuesday 3rd April 2018.
Wishing you all a really lovely Easter Break