Category Archives: Uncategorized

Now that the worst of the downturn appears to be behind us, many business owners/managers are turning their attention to growing their businesses. Growth can be a complicated proposition for any company. There are many “organic” options such as winning new clients, hiring new staff, creating new product and service offerings and so on. While […]

County Court Judgements and your credit rating If you get a county court judgment (CCJ) or a high court judgment, it will stay on the Register of Judgments, Orders and Fines for 6 years. For this six year period Banks and loan companies will be aware of the CCJ and will take this into account […]

There are a number of changes to the taxation of pensions from next month. We have copied into this article postings to the GOV.UK website regarding some of the more significant options available from April 2015.  What happens to your pension when you die? Instead of paying the 55% rate of tax when passing on […]

Take advantage of the pension carry forward rules in order to benefit from any unused allowances from the previous three tax years. This is generally the difference between the old £50,000 limit and the pension input each year and can be added to your relief for 2014/15. Note that the annual pension allowance is £40,000 […]

  Date What’s Due 01 March Corporation tax for year to 31/5/14 19 March PAYE & NIC deductions, and CIS return and tax, for month to 5/3/15 (due 22 March if you pay electronically) 01 April Corporation tax for year to 30/6/14 05 April End of 2014/15 tax year, Many tax actions need to be […]

In a recent speech Business Minister, Matthew Hancock, announced that the government-backed Prompt Payment Code will now promote 30-day terms as standard, with a 60-day maximum limit. Unless signatories can prove exceptional circumstances for longer terms, they will be removed from the Code. The change will be rigorously enforced by the new Code Compliance Board, […]

As we mentioned in our January 2015 newsletter there are a number of tax planning opportunities that will cease to exist once the clock passes midnight, 5 April 2015. For businesses whose year end coincides with the 5 April 2015 (or 31 March 2015) these opportunities included: The timing of capital purchases: equipment, vehicles and […]

HMRC has published a list of ten items that serial tax avoiders need to be aware. It’s a reminder as we approach the end of another tax year that overstepping the mark can have serious consequences.  Here’s what HMRC has said: HMRC is serious about stopping avoidance: the Government is taking unprecedented steps to clamp […]

Do you have any idea if your estate will have an inheritance bill when you die? How much will it be? Who will have to pay it?  Planning opportunities arise if: If you have assets that you would like to give away. If you have any interests in a business or company, or own agricultural […]