Scott & Wilkinson Blog - Page 38
Please select a news item listed below which may be of interest to you. Alternatively, please review our archives at the bottom of the page by year. If any of them are of interest and you require more information, please do not hesitate to contact the office.
Sage 50 Accounts 2014 - 'The VAT Edition'
Date: 08/08/13
Sage have recently launched their latest version - 'Sage 50 Accounts 2014 - The VAT Edition'. Following on from our news articles last year, we consider what's new in the latest version and whether it is worth upgrading. Read More
Inheritance Tax - Are you liable?
Date: 05/08/13
Individuals are becoming increasingly liable to Inheritance Tax (IHT) when they die. The threshold at which an individual begins to pay IHT has been frozen at £325, 000 since 2009 and the Government has confirmed that this is set to remain... Read More
Make the most of tax free benefits
Date: 01/08/13
There are few areas in tax where the taxman actually allows you a tax free benefit. There are a number of specific exemptions where, if your employer pays for something on your behalf, it can be provided free of tax and National Insurance.... Read More
New financial penalty regime at employment tribunals
Date: 03/07/13
Businesses are reminded that increased financial penalties on employers who lose at employment tribunals is due to come into effect. From October 2013, where an employer loses a claim (i. e. it is found to have breached any worker's rights) and the... Read More
HMRC crackdown on minimum wage breaches
Date: 03/07/13
Businesses are warned that HMRC is clamping down on breaches of the minimum wage. The warning comes after it was revealed from investigations by the tax authority that 26, 000 workers were paid less than the minimum wage. HMRC said 708 employers... Read More
Self assessment tax deadline reminder
Date: 02/07/13
Individuals are reminded that they have until 31 July to pay the second Self Assessment payment on account for the tax year ending 5 April 2013. Interest will be charged on all late payments. Individuals who miss self assessment deadlines should... Read More
HMRC extends RTI deadline for smaller firms
Date: 01/07/13
HM Revenue and Customs (HMRC) has further extended the deadline for smaller businesses to start reporting payroll data using the new Real Time Information (RTI) system. Under RTI, which was introduced in April, employers must submit PAYE information... Read More
HMRC sets its sights on offshore trusts
Date: 07/06/13
HM Revenue and Customs (HMRC) is now focusing its attention on offshore trusts being used by wealthy individuals to hide income and assets overseas. The campaign, launched in May, is the latest development in an ongoing crackdown by HMRC on tax... Read More
'Name and shame' warning for tax defaulters
Date: 06/06/13
It is important that business owners ensure their tax affairs are in order after HM Revenue and Customs (HMRC) published a second list 'naming and shaming' tax defaulters. The list, comprising businesses and individuals who have deliberately... Read More
