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Managing Difficult People

Managing difficult people can be time-consuming and emotionally draining. You can’t reason with an unreasonable person. However, there is usually some underlying reason that is motivating them to behave in a difficult manner. Try to identify the person’s trigger. What is stopping them from co-operating with you? It may be helpful to set up a […]

Read more May 23rd, 2019

Making Tax Digital And VAT Registration

There will be a large number of businesses which have a turnover currently under the Making Tax Digital (MTD) registration limit but which will be getting nearer to that figure over time. Mostly these businesses will not yet be registered for VAT, but some may have registered voluntarily as their particular circumstances have a benefit […]

Read more May 13th, 2019

Possible Changes To CGT Private Residence Relief

The government is currently consulting on important changes to Private Residence Relief (PRR), that are likely to be introduced from 6 April 2020. The two possible changes announced in the Autumn 2018 Budget are: Firstly to limit to just 9 months the period prior to disposal that counts as a period of deemed occupation The […]

Read more May 10th, 2019

“Rent A Room” Relief Continues For Airbnb Landlords

Last year HMRC carried out a review of “rent a room” relief, especially at Airbnb Landlords. It proposed that the availability of this generous relief should be restricted to situations where the taxpayer was resident for at least part of the time when the “lodger” was paying rent. The scheme currently exempts from tax gross […]

Read more May 9th, 2019

Tax Planning To Minimise The High Income Child Benefit Charge

The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back, and there has been no increase in that threshold since the High Income Child Benefit Charge was introduced in 2013/14. The charge applies if […]

Read more May 8th, 2019

Extracting Profit From The Family Business

The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution (NIC) liability. This means that where the company has not used this allowance it may be set […]

Read more May 7th, 2019

Changes To National Minimum Wage April 2019

National Minimum Wage (NMW) and National Living Wages (NLW) increased from 1 April 2019. Please see the table below for the new rates: Employers should review the ages of employees to ensure they are paid the correct gross pay when carrying out your payroll procedures. At Shapcotts we check an employee’s age as part of […]

Read more April 24th, 2019

Making Tax Digital (MTD) Is Finally Here. Are You Ready?

Now that the government is embracing the digital age, it seems businesses are having to adapt their long-standing approach to various aspects of their administration. In the recent past, we have had Real Time Information (RTI) for payroll. Last year we had GDPR. This year it is the turn of Making Tax Digital (MTD). After […]

Read more April 23rd, 2019

How To Remain Productive While Travelling: 4 Quick Tips

In theory, when you travel with work, you should have time to focus on getting a few things done. In reality, it can be almost impossible to work in a busy airport or on a busy flight. Here are a few tips to help you to be more productive when you are on the road. […]

Read more April 23rd, 2019

Creating A High-Performance Organisation

High-performance organisations stimulate more effective employee involvement and commitment in order to achieve increased profits, improved productivity and higher levels of customer loyalty. We are living in uncertain times. The highest performing businesses will, by their very nature, ride out the storm more effectively than their competitors. So how do you create a high-performance organisation? […]

Read more April 23rd, 2019