News and Comment - Page 78 of 94 - Whitefield Tax - Isle of Wight Accountants

Christmas 2015 news

by Jessica Garbett | Dec 23, 2015 | administration

A short note to wish clients and contacts a Happy Christmas and New Year, We are closed from today till 4 January 2016, most staff are picking up email during the break for urgent issues. We are now moved into our new home at Arnold House, 2 New Road, Brading, Isle...

Pension Scheme SORP 2015

by Jessica Garbett | Dec 21, 2015 | ACCA, accountancy regulation, financial reporting

In November 2014 the Financial Reports of Pension Schemes: A Statement of Recommended Practice (2015) was issued. This SORP is applied for all pension scheme years commencing on or after 1 January 2015 or earlier if a scheme adopts FRS 102. The main changes due to...

IR35 changes on hold

by Jessica Garbett | Dec 17, 2015 | employment status, IR35, PSC

Hot off the press, a report from IPSE about IR35 forum this week: “HMRC have confirmed their proposal to change IR35 legislation has been shelved for the next year at least. This follows the campaign led by IPSE, urging Government to rethink potential changes to...

Auto enrolment: New interactive step by step guide for employers

by Jessica Garbett | Dec 17, 2015 | ACCA, business issues, pension reform, pensions

The Pensions Regulator has launched a new interactive step by step online guide aimed at employers. It is designed specifically to help small and micro employers meet their legal obligations. By answering some simple questions they’ll be able to quickly find out if...

On the move

by Jessica Garbett | Dec 15, 2015 | administration

Just a reminder we are on the move this week. Our existing Rowborough Manor office shuts 3pm Wednesday, although with builders on site already for the buildings next incarnation, best advise is to keep away! We move on Thursday, and re-open Friday 18 December 2015,...

ACCA gives its verdict on the Autumn Statement

by Jessica Garbett | Dec 14, 2015 | ACCA, budget

Plenty of good news, but is it based on solid foundations? The Chancellor delivered an Autumn Statement and Spending Review that was full of good news, but very little detail about how they will be funded. Chas Roy-Chowdhury, ACCA head of taxation, says: ‘The...

Autumn Statement 2015 – more detail

by Jessica Garbett | Nov 26, 2015 | budget

Please note this content was written contemporaneously, and may well now be superseded Autumn Statement 25 November 2015 The autumn statement is an opportunity for the government to review and declare it’s spending for the next year. Most of the press commentary,...

Autumn Statement

by Susan Albest | Nov 25, 2015 | budget, business issues, business taxation, capital taxation, HMRC, IR35, personal finance, personal taxatation, property taxation

Please note this content was written contemporaneously, and may well now be superseded Nothing stunning came out of the Chancellor’s Autumn statement. A few bits that will affect some clients : * Stamp Duty Land Tax (SDLT) to be increased by 3% on all buy to let...

Micro and small entity reporting and replacing the FRSSE

by Jessica Garbett | Nov 20, 2015 | ACCA, accountancy regulation, financial reporting

The withdrawal of the FRSSE in 2016 will herald significant changes for micro and small entities. In July 2015, the Financial Reporting Council finalised its overhaul of UK GAAP, introducing a new financial reporting framework for micro and small reporting entities...

Mortgage interest deduction

by Jessica Garbett | Nov 15, 2015 | ACCA, business taxation, personal taxatation, property taxation

Understanding the impact on taxpayers of the Chancellor’s move to offset mortgage interest at basic rate only. In his summer budget George Osborne announced that landlords will only be able to offset mortgage interest at the basic rate of tax (20%) by 2020. This will...

Salary or dividend? The impact of new tax legislation relating to dividend income on owners of SMEs.

by Jessica Garbett | Nov 12, 2015 | ACCA, business taxation, dividends, salary levels

The impact of new tax legislation relating to dividend income on owners of SMEs. Until now the most business efficient way of extracting company profits by its director-shareholder was to draw a minimal salary and have the cashflow flexibility to draw dividends...

Updates to new UK GAAP

by Jessica Garbett | Nov 5, 2015 | ACCA, accountancy regulation, financial reporting

Updates to FRS 100, FRS 101 and FRS 102 have been published. In addition to minor typographical and presentational corrections, each has been updated as follows: Updates from FRS 100 issued in November 2012 include: the withdrawal of FRS 27 Life Assurance (as set out...

New report asks the world’s smallest businesses ‘are you ready for growth?’

by Jessica Garbett | Oct 30, 2015 | ACCA, business issues

ACCA talked to SMEs from across the globe to create a guide for CFOs of fast-growing small businesses. A new report from ACCA has collated evidence from across the world of the key role the finance function performs in fast-growing SMEs, extending far beyond its...

IPO and Companies House briefings

by Jessica Garbett | Oct 26, 2015 | ACCA, business issues

The Intellectual Property Office and Companies House are holding three briefings across the country for accountants. These briefings will take place in: Southampton: 20 October Coventry: 24 November London: 2 December. The aim is help accountants: understand the...

Is an end to late payment on the cards?

by Jessica Garbett | Oct 23, 2015 | ACCA, business issues

Policymakers in the UK involved in SME financing need to rethink how they manage and regulate trade credit and late payment, says ACCA in the final instalment of our three part research into late payment called Ending Late Payment. ACCA believes that governments and...

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Next Entries »

Christmas 2015 news

Pension Scheme SORP 2015

IR35 changes on hold

Auto enrolment: New interactive step by step guide for employers

On the move

ACCA gives its verdict on the Autumn Statement

Autumn Statement 2015 – more detail

Autumn Statement

Micro and small entity reporting and replacing the FRSSE

Mortgage interest deduction

Salary or dividend? The impact of new tax legislation relating to dividend income on owners of SMEs.

Updates to new UK GAAP

New report asks the world’s smallest businesses ‘are you ready for growth?’

IPO and Companies House briefings

Is an end to late payment on the cards?

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