News & Insights
News & Insights
HMRC target undeclared income of electricians
The Tax Safe Plan for electricians is a unique time-limited opportunity for you to tell HM Revenue & Customs (HMRC) between now and 15 May 2012, about any unreported income you have received and also pay what you owe.
2009 Health and Safety Poster and Leaflet
From 5 April 2014, employers in Great Britain are required to display the 2009 workplace poster or provide employees with the 2009 leaflet or pocket card instead of the previous 1999 versions.
New tax free limit for company loans
Since 6 April 2014 directors can borrow up to £10000 ( previously £5000 ) from their company without a tax charge being triggered. This new limit also applies to existing loans. However if the loan exceeds £10000 by even £1 the whole of the loan becomes taxable as a Benefit in Kind.
Research and Development
Your limited company could claim Research and Development (R&D) relief.
£10000 spent on qualifying R&D can currently claim a tax deduction of £17500 and a loss making company can receive immediate tax refunds from HM Revenue & Customs (HMRC).
Are you ready for workplace pensions?
40,000 small and medium sized companies hit their pension auto-enrolment staging date in 2014.
New number for Tax Credit Helpline
The new Tax Credit Helpline number is 0345 300 3900
You should only call this number if you have questions about your tax credits.
HMRC nudge letters
HMRC has sent a letter headed ‘Your effective rate of tax’ to around 1,000 high net worth individuals, suggesting their returns indicate their effective rate of tax is below the average. Copies have been sent to authorised agents.
Boiler Room Scams
What they are and what to look out for
We take our clients’ financial security very seriously. So we wanted to highlight the threats around so-called Boiler Room Scams. There’s no need to worry but as the saying goes, forewarned is forearmed.
Can we claim for marketing, entertainment and subscription costs?
The self-employed are often concerned if an expense is allowable or not for tax purposes. In this
Basic monthly tasks if you run your own payroll
One of the most time-consuming admin tasks associated with the running a small business can be dealing
The end of credit card payment surcharges?
From 13 January 2018, it will become illegal for any business to charge a fee in addition to the
Who is entitled to claim statutory maternity pay?
Employees that are pregnant are eligible to take up to 26 weeks of maternity leave (known as ordinary