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Top up your State pension ?
From 12 October 2015, eligible individuals will be able to begin topping up their state pension by up to £25 per week. The lump sum payments, known as ‘class 3A voluntary contributions’, can be made up until 5 April 2017 by those that are entitled to a basic state pension before 6 April 2016. For…
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Minimum wage increase from 1st October 2015
The adult rate of the national minimum wage (NMW) is set to rise by 20p to £6.70 on 1 October 2015. As well as the change to adult rate: the apprentice rate increases by 57p to £3.30 the rate for 18 to 20 year olds will rise by 17p to £5.30 those aged 16-17 will…
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Tax investigations
A guide to what to expect if you are the subject of an investigation by HMRC. Anyone who has experienced the difficulty of trying to get through to the HMRC helpline may think that it is an organisation too large and complex to do anything quickly. However, while it may seemingly lack the ability to…
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How dividends work
A guide to how dividend taxation will change from April 2016.
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Pension scams
Over-55s are the targets of repeated cold-calling and email scams offering fake pension opportunities.
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Online accounting
HMRC has revealed how it plans to introduce digital tax accounts over the course of the 2015/16 tax year.
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Best advice for your savings
A guide on how to using your savings to improve your financial position.
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Audits, fines and rule changes
This article looks at the accounts that companies need to keep.
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Auto-enrolment
Small businesses employing 40-49 workers will begin complying with their auto-enrolment duties from 1 August. The dates when businesses begin complying with auto-enrolment are known as staging dates. From this date employers are required to have enrolled employees onto a workplace pension scheme, written to staff members and signed the declaration of compliance.
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Entrepreneurs’ relief changes affect family businesses
Family businesses are being unfairly penalised by changes to entrepreneurs’ relief (ER), according to the Institute of Chartered Accountants in England and Wales (ICAEW) Tax Faculty.
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Holiday pay rules change
Employers will need to account for overtime when calculating holiday pay from 1 July 2015.
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Financing your business – what you need to know
A guide to alternative business finance Setting up a business and funding it while it takes its first, unsteady steps in the world can be an expensive proposition. As it grows and becomes more resilient, a successful company will begin to be able to stand tall on its own 2 feet, but the initial infancy…
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GAAP – biggest change in 30 years
A guide to the new accounting standards Accountants aren’t known for being in the business of change. While the external environment around them and the numbers coming in may change, an accountant brings stability and reliability to a business by using established practices to ensure complete compliance. But now the rules governing accounting standards are…
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HMRC should settle all outstanding avoidance scheme disputes to bolster UK tax credibility, says expert
OPINION: HM Revenue and Customs (HMRC) should adopt an overall resolution strategy to settle every one of the 65,000 UK tax avoidance schemes that are still open. Only by doing that will HMRC help the tax system to retain vital credibility, stability and predictability. 05 Nov 2014
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HMRC threatens tax scheme promoters with £1m fines By Alex Steger
HM Revenue & Customs (HMRC) has stepped up its battle against tax dodging by warning firms which promote aggressive avoidance schemes that they could face fines of up to £1 million, according to reports.
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HMRC steps up scrutiny of largest businesses
The tax returns of two thirds of the 800 largest businesses operating in the UK are under “enquiry”, HMRC announced after yesterday’sstakeholder conference. Jennie Grainger, director general of enforcement and compliance, told the conference that this did not mean that http://www.accountingweb.co.uk/sites/default/files/styles/large/public/HMRC%20building_most large businesses were “on the make” and that the large business tax gap included elements like…
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Congratulations to Hydrate for Health
Congratulations to our client Hydrate for Health who has agreed a deal that will see its product delivered to the homes of hundreds of new customers. Clifton-based Hydrate for Health has announced a partnership with Select Home Delivery Service for a UK-wide trial of its product the hydrant for patients with spinal injuries being cared…
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Certified Accountants in Bristol Warrant Potential Business Growth
The Federation of Small Businesses (FSB) says that in 2013, most private sector businesses in the UK were SMEs (accounting for about 99.9 percent) and employed 59.3 percent of the workforce (about 14.4 million people). In addition, they generated 48.1 percent of the turnover produced by the entire private sector. The immense numbers that small…
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Delegating Tasks to Bristol Bookkeeping Pros Expedites Business Growth
Businesses─ regardless of venture or industry─ require long hours of work combined with dedication, perseverance, determination, and iron will to create profit and generate growth. The gravity of financial responsibilities, though, is slightly concerning for small and medium enterprise (SME) owners, as supported by a study published in a Yahoo! UK and Ireland Finance article…
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Making Do with Startup Tax Breaks through Expert Accountants in Bristol
Being let off temporarily from paying taxes is every business operator’s dream, particularly for those running a startup. Forbes magazine contributor David Prosser says:
