Reduce your Corporation Tax enabling you to access your money 100% Tax Free!

Mulbury Hamilton Tax Solutions are a specialist tax advisory and wealth management practice. We provide Tax Mitigation Strategies and tax advice as a complementary service to the compliance work that you currently undertake and will continue to carry out with your accountant.

We predominantly work alongside existing advisers such as accountants, IFAs or solicitors. A majority of the work that we carry out is recommendations from such advisers as we provide a high level specialist tax advice that complements the role of these advisers.

Our strategies apply the most up to date, leading edge thinking in both business and personal tax minimisation for business owners. All of our products have counsel’s opinion from one of the top Tax QCs in the country significantly reducing yourCorporation Tax, Personal Income Tax, Capital Gains Tax and Inheritance Tax. And in doing this, can radically improve the strength of your balance sheet and provide long term tax reductions.

Our philosophy is to put you first, to understand your unique situation and provide a first class service tailored to your specific needs. As we establish a one-to-one relationship with each client we are able to offer timely, ongoing, individual advice on how to improve their business or personal tax situation.

To find out more, we would like to invite you to an online presentation where we can explain the service, or, if you are already familiar with our market place, arrange a meeting at your convenience to discuss how you could benefit from working with Mulbury Hamilton Tax Solutions.

Thursday 23 September 2010

First ten employees will merit Class 1 deductions

HMRC today launched their National Insurance contributions (NICs) 'holiday' scheme to encourage business start-ups in key UK regions.
As announced in the June Budget, firms that start up in selected areas
– the north-east, Yorkshire, the north-west, the east Midlands, the West Midlands, the south-west, Scotland, Wales and Northern Ireland – will benefit from a break from regional employer NICs.
The NICs 'holiday' scheme will operate by allowing a deduction against the amount of Class 1 National Insurance that an employer is required to pay each month or each quarter.
Firms that were started between 22 June 2010 and 5 September 2010 will benefit to the same extent as businesses that set up on or after 6 September 2010, provided they satisfy the eligibility tests.
For the first ten qualifying employees that a business employs in its first year following launch, it will be entitled to a holiday for each of the workers. The period for each will last for the shorter of the individual's first year of employment or the time left until the scheme ends on 5 September 2013.
The new scheme will apply to all relevant earnings paid to a qualifying employee during the first year of the employee’s employment, but there will be a maximum saving of £5,000 in employer NI in respect of each employee.
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