Client Newsletter

Tax investigations – we’ve got it covered

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In a bid to meet their Spending Review commitments, HM Revenue & Customs (HMRC) have stepped up their efforts to gain tax revenue from businesses and individuals who they believe may have underpaid their tax. Every taxpayer who submits a tax return is at risk and HMRC does not need a reason to open an […]

Press Room

New flexible pensions

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Announced in the Chancellor’s 2014 Budget, significant changes are being proposed which will make it easier to access your pension fund pot if you have a defined contribution (money purchase) pension scheme. As a general rule, 25% of the pension fund can be taken as a tax free lump sum at age 55, although this […]

Business News

Improving profitability in 2014!

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Over the last few years, business owners and managers have worked extremely hard to keep their businesses trading. Now that the economy is slowly beginning to improve, business leaders are turning their attention to improving profitability in their firms. Here are a few ideas to consider if you want to focus on improving the profitability […]

Press Room

Pensioners’ families face IHT shock, experts warn

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Hundreds of thousands of pensioners could pass on substantial inheritance tax (IHT) bills to their beneficiaries as a result of the continuing property boom in London, according to a new study. Figures published by the Office for National Statistics on 15 April, for the year to the end of February 2014, put the average price […]

Press Room

Life insurance low priority for new parents, study finds

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First-time UK parents spend more than £492 million each year, preparing for the arrival of their first baby but only one in five takes out or reviews their life insurance arrangements, new research has revealed. An Aviva study of 2,000 recent parents, published on 22 April, found that the average family invested £1,619 in items […]

Press Room

Pension changes ‘leave 1 in 5 confused’

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Sweeping pension changes introduced in the 2014 Budget, designed to give people more choice and flexibility, have left one in five Britons more confused than before, new research suggests. Chancellor George Osborne announced that from April 2015, savers would be able to access defined contribution pension savings as they wish from the point of retirement, […]

Business News

P11d deadline approaching

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The forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2014, are due for submission to HMRC by 6 July 2014. The process of gathering the necessary information can take some time, so it is important that this process is […]

Business News

Advisory fuel rates for company cars and fuel benefit charge

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Where private fuel is provided by the employer for a company car then a separate benefit is assessable on the employee. This benefit charge is calculated by applying the same percentage figure used to calculate the company car benefit to a fixed figure which for 2014/15 is set at £21,700. The percentage is linked to […]

Business News

Increase in NMW rates

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The Government has approved a rise in the National Minimum Wage rates which will come into effect on 1 October 2014: a 19p (3%) increase in the adult rate (from £6.31 to £6.50 per hour) a 10p (2%) increase in the rate for 18 to 20 year olds (from £5.03 to £5.13 per hour) a […]