Changes being introduced in April 2015 to the way people access their defined contribution pension savings could create “scary” tax bills, a retirement income specialist has warned. The reforms mean that from April, pension savers will be able to withdraw a quarter of their pension savings tax-free, as at present, and then pay their normal […]
The Office for National Statistics has announced the latest employment and pay statistics. These include: There were 30.54 million people in work for February to April 2014, 345,000 more than for November 2013 to January 2014 and 780,000 more than a year earlier. There were 2.16 million unemployed people for February to April 2014, 161,000 […]
Only one in 100 independent financial advisers (IFAs) believe small businesses are well prepared for auto-enrolment into workplace pensions, a new study has revealed. The survey for business software specialists Sage UK of more than 200 IFAs also found just one in five (21 per cent) agreed that small firms were aware of auto-enrolment, even […]
Almost two thirds (65 per cent) of small and medium-sized enterprises (SMEs) risk a severe impact on their operations by having no protection insurance for their owners and key employees, according to new research. Insurer Zurich revealed the findings in its latest SME Risk Index, a quarterly survey measuring the perceived level of business risk […]
Changes being introduced in April 2015 to the way people access their defined contribution pension savings could create “scary” tax bills, a retirement income specialist has warned. The reforms mean that from April, pension savers will be able to withdraw a quarter of their pension savings tax-free, as at present, and then pay their normal […]
Twenty five employers who failed to pay their employees the National Minimum Wage (NMW) have been named. According to the press release the employers owed workers more than £43,000 in arrears and in addition have incurred financial penalties totalling over £21,000. Business Minister Jenny Willott said: ‘Paying less than the minimum wage is not only […]
HMRC are warning tax credits claimants to be wary of scam or ‘phishing’ emails which are being sent out by fraudsters in the run up to the 31 July renewal deadline. HMRC are advising that although they worked with other agencies to shut down over 600 scam websites during the tax credits renewal period last […]
HMRC have announced that they are changing their approach to issuing multiple penalty notices for the same PAYE non filing default. These changes impact both the 2012/13 and 2013/14 tax years. HMRC will issue reminder letters to those employers who have not yet filed their 2013/14 end of year, or final PAYE returns most of […]
The Office for National Statistics has announced the latest employment and pay statistics. These include: There were 30.54 million people in work for February to April 2014, 345,000 more than for November 2013 to January 2014 and 780,000 more than a year earlier. There were 2.16 million unemployed people for February to April 2014, 161,000 […]
HMRC is writing to certain taxpayers to tell them their effective rate of tax is lower than average and to ask them to check if it’s right. The letter states: ‘A person’s effective rate of tax is the percentage of their income they have paid in tax.’ ‘Looking at the figures in your self assessment […]
The quality of our advice has seen us accredited with coveted Platinum Partner status by Xero – a leading provider of accounting software.
The quality of our advice has seen us accredited with Gold Partner status by FreeAgent – a leading provider of accounting software.
Request a call back