Financial Planning
Have you been approached by firms that promise you instant cash from your pension fund? This is known as pension liberation, and involves taking cash from your pension fund before you reach the retirement age set by your pension scheme. Unscrupulous firms persuade individuals to apply to move their pension funds out of their current […]
HMRC has introduced approximately 20 toolkits which provide guidance on areas of error that they regularly see in tax returns. The toolkits set out the steps that you can take in order to reduce those errors and also provide some good advice on record keeping. The toolkits are available to download free of charge from […]
As you know the new tax year commenced on the 6th April, but what will it mean for you? Your personal allowance (the amount of income you can keep before paying tax) will increase from £8105 to £9440. The personal allowance for older people has been frozen at the same levels as 2012/13. For those […]
Many of our clients have received emails claiming to be from HMRC but which are in fact a scam. They almost always tempt the recipient with a ‘tax refund’ which will be processed upon the confirmation of personal information, any of which could be used for a variety of criminal activities.So, how do you spot […]
All the Key Dates & Deadlines for the rest of 2013 & start of 2014 • 19.05.13 – P14, P35. P38 and P38A – file online • 31.05.13 – Issue P60s to employees • 06.07.13 – P9D, P11D and P11Db – also issue copies to employees • 19.07.13 – Class 1A NICs 2012/13 payment due […]
Free, Quality, Business Growth and Innovation Support Free, Quality, Business Growth and Innovation Support may sound too good to be true – it isn’t if you know where to look. Inovaris bring experience in a vast range of subjects from business planning through to IT support, and are proud to have Finton Doyle as their […]
For many years it has been customary for directors of small companies to draw on a director’s loan account and then retrospectively adjust the accounts for salary (director’s fees) and/or dividend. As long as the accounts were approved within nine months of the year end this was allowable under the tax rules. The salary could […]
Last Wednesday’s budget brought no great news for many of us. But here is a round up of some of the issues that may affect individuals, business owners and employees. Corporation tax has been cut by another 1% to 20% from April 2015 and small company and main rates of corporation tax merged at 20p. […]
The UK Border Agency is cracking down on illegal workers in the UK and is holding employers accountable for any failure to check their employees’ visa status. The number of foreign workers in the UK is rising year on year especially with the amount of foreign students universities are now taking. So, whether your company […]
It is only a few days until the self assessment deadline. You must send your online tax return by midnight on Thursday 31st January 2013. If your online tax return is late you will have to pay a penalty! This applies even if you have no tax to pay or if you pay all the […]
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