Author: Neil Dando

  • Forming a Limited Company

    The number of private sector businesses has reached a new record of 5.4 million, the Department for Business, Innovation and Skills has announced. There are now 900,000 more businesses compared to 2010, while the number of businesses that employ people has also risen by 35,000 from 2014. Small businesses make up 99.3% of all businesses…

  • Staff bonus and rewards

    This article outlines some of the different ways employers can reward their staff and the tax implications of each approach. Seemingly as quickly as it came, another year is galloping off into the distance and people’s minds are beginning to turn to the festive holidays. Employers will want to show their staff that the year’s…

  • Payroll

    This guide looks at some of the common payroll problems and choosing payroll software. Running payroll is one of the less glamorous aspects of being an employer. However, it is often the mundane tasks that are the most crucial. Failing to pay your staff would quickly lead to a very unhappy workforce. While neglecting your…

  • 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…

  • 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…

  • 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…

  • How dividends work

    A guide to how dividend taxation will change from April 2016.

  • Pension scams

    Over-55s are the targets of repeated cold-calling and email scams offering fake pension opportunities.

  • Online accounting

    HMRC has revealed how it plans to introduce digital tax accounts over the course of the 2015/16 tax year.

  • Best advice for your savings

    A guide on how to using your savings to improve your financial position.

  • Audits, fines and rule changes

    This article looks at the accounts that companies need to keep.

  • 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.

  • 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.

  • Holiday pay rules change

    Employers will need to account for overtime when calculating holiday pay from 1 July 2015.

  • 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…

  • 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…

  • 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

  • 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.

  • 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…

  • 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…