Blog
Government moves to scrap controversial ‘staircase tax’
The government has started the process to reverse the so-called ‘staircase tax’ to ease the pressure on small businesses.
Charitable companies to convert to charitable incorporated organisations (CIOs)
The Charity Commission has announced a phased timetable allowing charitable companies to convert to charitable incorporated organisations (CIOs) following legislative changes in Parliament on 23 November 2017.
Charity Reporting: We Have Had the ‘Musts’, Now for the ‘Mays’!
The three charity regulators for the UK (the Charity Commission for England and Wales – CCEW, the Office of the Scottish Charity Regulator – OSCR and the Charity Commission for Northern Ireland – CCNI) have published joint guidance on reporting of relevant matters of interest to UK charity regulators.
Auto Enrolment Pension Contribution Increases
How minimum contributions increase in stages
Businesses should be prepared for six drivers of FX volatility in 2018
Uncertainty in the political and economic landscape was the story of 2017 and this unpredictability doesn’t look set to change for the year ahead.
HMRC stops use of personal credit cards to pay tax bills
HMRC is withdrawing the option to use a personal credit card to pay for tax returns, with the deadline for online submissions rapidly approaching.
Payroll issues for employers – Dynamic coding
In July 2017, PAYE tax codes became more refined. Under the new system, known as dynamic coding, HMRC issues an updated tax code once they become aware of a change that will affect the tax an employee pays, such as a new benefit in kind.
It’s time for businesses to stop blaming poor results on currency movements.
For any business importing or exporting, dealing in foreign currencies is an unavoidable prerequisite. Despite this, we are continuing to hear of companies blaming unforeseen movements in the currency markets as a key driver for poor performance.
Payroll issues for employers – late filing penalties & appeals
You must submit to HMRC the details of staff pay and deductions on or before the day the payment is made to the employee. This is done by submitting a FPS.
Payroll issues for employers – Auto Enrolment
Most employers have now reached their staging date for auto-enrolment and should be complying with their workplace pension duties.
Patent box
The patent box regime in affect applies a reduced rate of corporation tax to profits attributable to qualifying patents and similar intellectual property (IP). Unincorporated businesses can’t qualify for the patent box.
Why currency exchange rates matter when planning to buy or sell property abroad
Every year, thousands of hard working individuals finally take the plunge and purchase their dream holiday property. The end goal is to be sitting with a cold drink in the sunshine around the pool, but the process leading up to that point is far from plain sailing.