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IR 35 – big changes for public sector bodies

by | Oct 7, 2016 | ACCA, IR35

How to determine when the changes around intermediaries’ rules apply to certain businesses. The intermediaries’ legislation (aka IR35) has been around for 16 years and has seen many twists and turns in its meaning and application in that time. Following consultations...

FRS 101 and FRS 102 tax overview

by | Sep 30, 2016 | ACCA, financial reporting

New guidance outlines the key tax considerations for companies transitioning from old UK GAAP to the new standards. HMRC has updated its tax overview of FRS 101 and FRS 102. It highlights that the documents provide an overview of the ‘key tax considerations that arise...

Employees’ right to work

by | Aug 30, 2016 | ACCA, business issues

The Home Office has updated its guidance An employer’s guide to right to work checks for the changes brought about by sections 34 and 35 of the Immigration Act 2016. It is highlighted that section 34 applied from 12 July and that ‘a person commits the offence of...

HMRC’s improved security verification procedure

by | Aug 9, 2016 | ACCA, HMRC

Online security being beefed up by HMRC. In March, HMRC introduced 2 Step Verification (2SV) which involves using a code sent to a mobile or landline phone along with the usual login details in a trial for business customers registered for self-assessment. HMRC has...

Automatic enrolment and small employers

by | Jul 14, 2016 | ACCA, pension reform

Nobody to put into a pension scheme? You still have duties. Businesses who employ only one member of staff (who is employed on a temporary basis, who earns under the qualifying earnings threshold of £10,000 and who does not need to be automatically enrolled into a...