Accounting News
The Autumn Statement: welfare benefits
The Chancellor made a number of announcements relating to welfare benefits in his 2011 Autumn Statement.
Chancellor sticks to Plan A for the economy
With the latest report from the Office for Budget Responsibility painting a gloomy outlook for the UK economy, Chancellor George Osborne has vowed that the Government will do whatever it takes to protect against 'the sovereign debt storm'.
Directors duties: get the details right
Many become directors for one reason and one reason only - to save on their tax bill via the ‘salary/dividend’ method. Jennifer Adams offers some advice to help directors stay on the right side of the law.
Taxman apologises for 'poor performance'
HM Revenue and Customs (HMRC) has apologised to taxpayers after a new report exposed a raft of problems with its services.
Capital taxes
An update on capital taxes after the latest budget.
National Insurance Contributions (NICs)
A update of changes to the payroll system.
Business tax summary: a basket of reforms
Chancellor George Osborne proffered a basket of measures for business across a wide spread of issues. Many of the proposals are designed to encourage and support start up businesses.
Business motoring: a mixed picture
The Budget 2011 announced further changes which will affect businesses and their employees who use a car for business. There are changes for both employees provided with a company car, and for those using their own car for business journeys. Clearly, changes to fuel duty will affect all motorists so those are not dealt with here.
Income tax and personal savings
A summary of all the changes to Income tax and Personal Savings in the latest budget.
HMRC gets tougher with debtors
With insolvency experts predicting an increase in company failures, evidence is emerging that HMRC is adopting a harder line on outstanding debts and voluntary agreements.
Business welcomes sickness absence review
Business and employer groups have welcomed the launch of a Government review aimed at reducing the cost of sickness absence in the UK.
Dividend waivers: Get the details right
HMRC's increasing focus on close companies has clouded the picture about what constitutes a settlement when share waivers are used.
HMRC guidance on Business Record Checks
HMRC has published a practical guide to Business Record Checks covering invoices, receipts and deductions, what information needs to be updated regularly and what records you need to keep for tax purposes.
Looking to the Future
Study finds nearly half of pensioners plan to continue working
SageOne opens for business
Sage UK this week launched SageOne, a three-stage web application catering for micro-businesses and their accountants. They say it's all about simplicity, support and brand.
What banks want to see from SMEs
The numbers have to add up if you are looking to borrow from a bank
New penalties for offshore tax evasion
Changes to the penalty regime for tackling offshore tax evasion are set to come into force later this year, HM Revenue and Customs (HMRC) has confirmed.
Bank loan slump since 2007
The number of UK companies being granted business loans and mortgages has plunged by 46 per cent since 2007
£90m Fines & Record Use for Tax Self-Assessment
The HM Revenue & Customs' online self-assessment service saw a record number of submissions this year as entrepreneurs and self-employed workers filed their tax returns before the midnight deadline on the 31st January.
Extra 750,000 people to pay 40% tax from April
Three quarters of a million people will start paying income tax at the higher rate when changes to the tax thresholds come into effect in April, a leading think-tank suggests.
Government unveils employment tribunal reforms
New plans to reform the system for resolving workplace disputes have been unveiled by the Government.
HMRC to clamp down on record keeping failures
HMRC is planning a programme to investigate 50,000 small and medium sized businesses this year for failing to keep proper records and for underpaying tax.
Selling your own Business
The key points to making the maximum profit from the selling of your business.