Posts

HEALTH AND SAFETY

Maz had an exciting trip out this week to find out about health and safety at work and returned to the office traumatised. PLEASE ensure your health and safety procedures are fully up to date and that your employees comply with all the regulations. If you need any help or assistance with this, please contact […]
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A Reminder of filing penalties

Companies must file their accounts and corporation tax returns within certain deadlines in order to avoid incurring penalties with either HMRC or Companies House. Additionally, individuals must file their personal self-assessment returns with HMRC by 31st January following the end of the tax year, or they too will incur penalties. Press the link below to […]
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FURNISHED HOLIDAY LETS

The Upper Tribunal has overturned the First-tier Tribunal’s (FTT) decision in the case of HMRC v Pawson [2013] (UKUT 050 (TCC), published 31 January 2013). It has determined that inheritance tax business property relief (BPR) should not be available in relation to a Suffolk property let as a ‘furnished holiday let’. The decision is a […]
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CHILD BENEFIT INCOME TAX CHARGE

Earlier this year the Government announced the introduction of a ‘High Income child benefit charge’, which will apply to those whose individual income exceeds £50,000 a year. Where income exceeds £60,000 there will be a corresponding income tax charge equal to the value of the child benefit claimed through the year.  Where income is between […]
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Real Time Payroll Processing

 REAL TIME INFORMATION AND PAYE RTI is a new way of reporting PAYE information. It will enable employers to tell HMRC about payments to employees as they are made rather than at the end of the tax year. Over time, this will allow HMRC to collect the right amount of tax and NICs from more […]
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NEW IR35 TESTS PUBLISHED

HMRC have issued a guidance note which reiterates the basic rules of IR35, and introduces a “risk-based approach” to determine which cases should be looked at more closely to ensure that IR35 is being operated properly. There are three risk bands, low risk, medium risk, and high risk. With a low risk case, HMRC are […]
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Keeley qualifies in the Diploma for Financial Planning

Following a great deal of study and “why am I doing this”, we are pleased to announce that Keeley has now qualified with a Diploma in Financial Planning as recognised by the Chartered Insurance Institute. This means that she can help with a wider variety of your financial issues, and together with our recommended IFA’s, […]
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Changes to Child Benefit

The budget announced that, with effect from January 2013, child benefit  would be gradually withdrawn from households where one person earns at least £50,000. The benefit is to be withdrawn at the rate of 1% for every £100 above the threshold. If anyone earns £60,000 or more, this will eliminate the child benefit. The benefit […]
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Revised HMRC Fuel rates for company cars

From 1 March 2012, the fuel advisory rates for company cars where the employee pays for fuel and recovers just business mileage from the company have increased. Type the following address into your browser for the revised rates: www.hmrc.gov.uk/cars/advisory_fuel_current.htm    
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FIRST TIME BUYER STAMP DUTY

First time buyers across the UK are trying to beat the stamp duty deadline, which is now fast approaching. Many are finding themselves torn between holding out for higher loan-to-value (LTV) mortgages and buying property before the end of the stamp duty holiday which finishes on 25th March 2012. First time buyers have been thrown […]
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PENSION REFORMS FOR EMPLOYERS

Following our earlier post regarding pension reforms for small businesses, we can confirm that The Department of Work and Pensions (DWP) has announced a further delay for auto-enrolment. The updated date for introduction of the revised pension scheme for employers with fewer than 50 employees (small businesses) will be delayed until 1 June 2015. The […]
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WHERE WE ARE

We would be pleased to see you in our shiny office at: The Cavendish Centre in Winnall – view map. We have the facility to offer a private consultation in a separate room. You are welcome to drop in at any time, but please phone first to check that we are not out at clients. […]
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