We are almost 18 months into the RTI filing regime for payroll schemes and it now seems certain that HMRC are going to press ahead with the introduction of their late filing penalty regime from 6th October 2014.
A NISA? What’s that, do I hear you ask? It was one of the main headlines in March’s Budget and it comes into effect on 1st July, but I’m not sure there is much awareness of it out there. I certainly haven’t seen the wave of promotion that I was expecting in the Media. So let me explain…
Key Performance Indicators (also known as Key Success Indicators) are a type of performance measurement that an organization can use to evaluate its success and make sure that it is giving sufficient focus to the core activities that will drive that success. Large organizations will certainly have these in place, but they are equally as vital for small businesses who aspire to do great things. And we all want that for our businesses, don’t we? Continue reading
Where an employer provides a loan to an employee or director, and that employee / director does not pay the official HMRC rate of interest on the loan (4% for 13/14, reducing to 3.25% for 14/15), the loan is considered a beneficial loan.
The final period exemption used to allow people 3 years to sell a previous only or main residence after moving out without losing the private residence relief. This has just changed.
A really significant change to Statutory Sick Pay (SSP) from this month seems to have largely slipped under the radar of both accounting professionals and employers likewise. And it’s going to potentially have a massive impact on small employers, so why was this not properly communicated by HMRC in the way that the Employment Allowance has been? A classic case of burying bad news perhaps??
Seeing the way that the forecasts by the Office for Budget Responsibility seem to be forever shifting from one Budget statement to the next, made me ponder the true value of a forecast. After all, even within the space of a few short months, the assumptions on which the state of our nation’s finances are assessed can vary enormously. So is there any real value in a forecast, if it keeps shifting so much…? Continue reading
As usual, the annual Budget was as much about theatre as about the serious economics of the nation. And as usual, we sat down with our lunch and our notepads and scribbled down everything that might be of interest to the small business community we serve.
We have compiled our usual digest of the budget highlights, distributed free to all our active clients. If you would like to receive a copy, please email us with your details at email@example.com and we’ll gladly send you a copy!
The new tax year always brings a host of changes to tax rates and allowances, and one of the questions we get most is about the changes to the company car and van benefits, so here’s a quick update for the tax year about to start 2014-2015… By the way, this car is my son’s dream car (Probably everything to do with Top Gear but perhaps not a great choice for practicality or tax!)
But yet there are lots of additional activities we know we should be doing to drive our businesses forward—we just never seem to get to them. How can we squeeze more time into our already busy days to get those additional things done?