Scott & Wilkinson Blog | Archive 2013 08
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.
Campaign offers chance to settle tax bills
Date: 20/08/13
HM Revenue and Customs (HMRC) has launched a new initiative to encourage more people to put their tax affairs in order. HMRC has announced that anyone who has failed to submit a tax return for any year up to 2011/12 now has until 15 October 2013 to... 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
RTI annual scheme given go ahead
Date: 15/08/13
Changes have been made to the Real-Time Information (RTI) scheme to ease the administrative burden for smaller businesses and freelance contractors. HM Revenue and Customs (HMRC) is now accepting requests from employers to switch to annual PAYE... Read More
The importance of maintaining proper business records
Date: 28/08/13
The need to maintain accurate and reliable records is an essential part of running any business. Good records allow businesses and individuals to complete their tax returns correctly and to pay the right amount of tax at the right time. Accurate... Read More
Workplace rehabilitation tax breaks planned
Date: 16/08/13
Employers should be aware of Government proposals to introduce tax breaks for businesses which invest in measures to help employees return to work after suffering an injury or serious illness. The workplace rehabilitation tax exemption was first... Read More
Expenses set to get simpler
Date: 15/08/13
Sole traders and business partnerships are advised that changes to the way expenses may be claimed against taxable income have now taken effect Read More
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
