Financial Advice
People seldom check out of hotels without having a few supplemental charges to deal with. It could simply be a movie from the pay-per-view system or a drink
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Financial Advice
We all know the importance of HMRC and the difficulties taxpayers have been facing over the past few years concerning VAT or PAYE. Resolving conflicts is not easy
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Financial Advice
Most online casinos have roulette as one of the games to play. There are two kinds of online roulette that exist which can help you earn if you
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Financial Advice
When it comes to saving money, most people can say that they would like to be able to do more of it. It can be challenging to force
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Financial Advice
Payday loans and installment loans are different. People take out these loans for a variety of reasons. These types of loans are widely criticized for being “small dollar,
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Financial Advice
Qualified tax accountants in the UK are professionals whose field of expertise is the current taxation laws of the country. The purpose of tax accountants is to provide
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Financial Advice
The autumn 2017 budget brought with it a raft of tax changes, some major and some minor, but all with the possibility to impact the financial standing of individuals and companies. The team at Gower Accounts in Leicester look at how the changes what they could mean for you or your business. Taxes on income The personal allowance for income tax increases to £11,850 from £11,500 and the higher-rate threshold is increased from £45,000 to £46,350. NB: These rates will apply outside of Scotland. Income tax is now a devolved power and the Scottish government is currently holding a consultation on the matter, the outcome of which may be that they set income tax at significantly different levels to the rest of the UK. The abolition of Class 2 NICS (for the self-employed) and the increase in the rates payable on class 4 NICS have both been delayed for a year, so the government can assess their impact on contributory benefits, by which it appears that they mean pensions. In simple terms, people who only earn a low income from self employment (currently up to a maximum of £6,024), can choose to pay Class 2 NICS so as to increase their number of qualifying years for the (new) state pension. If Class 2 NICS are simply abolished, these people will have to move to Class 3 NICS if they wish to continue making contributions to their state pension. Class 3 NICS are significantly more expensive than Class 2 NICS (at current time Class 2 NICS cost £148.20 per year, whereas Class 3 NICS cost £741 per year), which would be a significant increase for those earning the least from self employment. Given that politicians of all persuasions are largely agreed on the importance of encouraging people to save for retirement, the issue of Class 2 NICS could well be a case of “watch this space”… Making tax digital
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