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Latest Posts

  1. Author: JW / / Latest News

    £1,000 Tax Free For Micro-Entrepreneurs

    From April 2017, the government will introduce new allowances for the first £1,000 of trading income and the first £1,000 of property income. Those with income below this level will no longer need to declare or pay income tax on that income.

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  2. Author: JW / / Latest News

    Lower Corporation Tax Rates

    A single corporation tax rate of 20% has applied since 1 April 2015 regardless of the level of the company’s profits. In the Summer 2015 Budget it was announced that this would reduce to 19% in April 2017.

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  3. Author: JW / / Latest News

    Capital Tax Rates

    An unexpected announcement was a reduction in the rate of capital gain tax from 6 April 2016 down from 18% to 10% for basic rate taxpayers and 28% down to 20% for higher rate taxpayers. The 18% and 28% rates remain for disposals of residential property.

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  4. Author: JW / / Latest News

    32.5% Tax on Loans to Participators from 6 April 2016

    Where a “close” company controlled by 5 or fewer shareholders (participators) makes a loan to one of those persons the company is required to pay tax to HM Revenue and Customs. The rate of tax increases from 25% to 32.5% from 6 April 2016 in line with the dividend rate for higher rate taxpayers.

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  5. Author: JW / / Latest News

    Charity Spin

    Stopford’s own Jess Wilson took part in a Charity spin held by one of our Clients, Velocity Spinning Centre, based on Storforth Lane, Chesterfield.

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  6. Author: JW / / Latest News

    Runners Up at Question of Sport Evening

    Stopfords took 2nd place at this year’s Question of Sport Evening hosted by the Mansfield Armchair Club at the Mansfield Town Football Club Corporate Venue, 851 Suite. Glen and the Stopfords Team, consisting of clients and contacts, pulled together their sporting knowledge to secure the runners up place.

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