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Tips & Advice You & Your Business

Your fortnightly guide to maximising your personal and business profits

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In the most recent issue you'll find advice on...


Year 18 - issue 16 - 17.05.2017

COMPANY LAW

PSC registers: important changes

Every company must maintain a register of people with significant control (PSC). From 26 June 2017, any changes will have to be notified to Companies House (CH) differently. What do you need to know?

COMPANY LAW

Forcing a director out

Your company has been trading successfully for many years but the chairman and majority shareholder is past his prime and becoming a liability at board meetings. Can you and the other directors force him out?

DRIVING

Speeding fines: tougher penalties brought in

On 24 April 2017 steeper speeding fines were introduced that are based on the driver’s weekly income. If one of your employees is caught speeding whilst on company business, who is responsible for paying the fine?

HEALTH & SAFETY

Are potted plants a potential problem?

A member of staff has put some potted house plants around your workplace to brighten the place up. Whilst they look pretty, it’s been suggested that this could cause you unexpected problems. Is this correct?

TAX - BENEFITS

Can your business pay for (tax-free) pensions advice?

Employers can now pay up to £500 per employee for advice regarding pension savings without it counting as a taxable perk. Strictly, to qualify for the exemption all employees must be offered advice, but is there a way around this?

PROFESSIONAL SERVICES

The risks of providing services “free of charge”

In a 2017 case the Court of Appeal considered whether a business owner who had provided professional services to two friends free of charge was liable when things went wrong. What did it decide?

VAT

Company drivers, parking fines and reclaiming VAT

Occasionally, your delivery drivers are bound to get caught for parking fines. Assuming you can’t get them overturned on appeal, can you reclaim any VAT that’s been charged?

INSURANCE

PPI claims - the end is in sight

TAX

MTD law postponed

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