News and Comment - Page 79 of 94 - Whitefield Tax - Isle of Wight Accountants

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...

On the move!

by Jessica Garbett | Oct 22, 2015 | administration

Later this year, Whitefield will be moving – not far, just a mile up the road to Brading town centre. The astute may recognise the building 🙂 At present its chaos, but, hopefully, order will soon prevail.

FRC guidance on FRS 102

by Jessica Garbett | Oct 19, 2015 | ACCA, accountancy regulation, financial reporting

The FRC has prepared 15 Staff Education Notes for the users of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. These Staff Education Notes aim to illustrate certain requirements of FRS 102. They cover: SEN 01 Cash flow...

Accessing HMRC manuals

by Jessica Garbett | Oct 16, 2015 | ACCA, HMRC

How to access HMRC staff manuals as they are moved to GOV.UK HMRC staff manuals are moving to GOV.UK and the old HMRC website no longer has a search facility. The manuals remain searchable only by using external search engines. Since the HMRC site closed to new...

Changes to HMRC bank accounts – February 2016

by Jessica Garbett | Oct 16, 2015 | HMRC

From HMRC in their own words From February 2016, HMRC will move its bank accounts to Barclays. Most taxpayers paying their bills electronically will be unaffected and do not need to do anything. Customers who currently pay using Bank Giro or Transcash payslips should...

NMW changes from 1 October 2015

by Jessica Garbett | Oct 15, 2015 | National Minimum Wage and National Living Wage

NMW rates have increased from 1 October 2015: the main adult rate (for workers aged 21 and over) is £6.70 the rate for workers aged between 18 and 20 is £5.30 the rate for workers aged under 18 is £3.87 the rate for apprentices is £3.30 From April 2016, the national...

Finance using intellectual property

by Jessica Garbett | Oct 12, 2015 | ACCA, business issues

The IPO has developed an intellectual property (IP) finance toolkit. The toolkit includes: templates and guidance to help businesses accurately identify and describe their IP assets in a way that prepares them for finance applications and supports the decision making...

Anti-money laundering: cutting red tape

by Jessica Garbett | Oct 9, 2015 | ACCA, business issues

BIS has launched a review around anti-money laundering and counter terrorist finance. The BIS review seeks evidence of the impact on business of the current anti-money laundering and terrorist finance regime, and specifically the role of supervisors in that regime....

A guide to the statutory residence test

by Jessica Garbett | Oct 5, 2015 | ACCA, HMRC, personal taxatation, residence and non residence

How to determine status under the statutory residence test. A Statutory Residence Test (SRT) was introduced with effect from 6 April 2013, the aim of which is to provide more certainty in determining whether a person is regarded as resident or non-resident for UK tax...

Boosting retirement income with state pension top up

by Jessica Garbett | Oct 2, 2015 | ACCA, pension reform, pensions

The Department for Work and Pensions (DWP) outlines a new way of increasing retirement income. State pension top up offers an opportunity to boost retirement income. In exchange for a lump sum payment, those who have already reached state pension age, or are reaching...

The pensions cash trap for parents

by Jessica Garbett | Sep 7, 2015 | pension reform, pensions, personal taxatation, Tax Help for Old People

Do you or your partner claim Child Benefit? Are either or both of you aged 55 or over and considering taking cash out of your pensions? Then read on – you could face a hefty tax bill, lose your tax credits and lose your Child Benefit. Since 6 April 2015, taking cash...

Buy to Lets and Corporate Ownership

by Jessica Garbett | Sep 1, 2015 | budget, business issues, business taxation, capital taxation, dividends, personal taxatation, property taxation

A question: Last time I asked about “should I own my BTL personally or through a company” the advice was that owning personally was better. Is this still expected to be the case entering 2016? But regardless, what are the rules/issues if one I did buy one...

Helping vulnerable people in crisis with their tax – Bridge The Gap

by Jessica Garbett | Aug 24, 2015 | ACCA, Tax Help for Old People

Whitefield already support Tax Help for Older People with some case work, this article contributed from ACCA InPractice explains some more about the work they do In May, we introduced the work of Bridge the Gap, a charity which helps vulnerable people in crisis with...

FRC introduces changes in response to EU Accounting Directive

by Jessica Garbett | Aug 17, 2015 | ACCA, accountancy regulation, financial reporting

UK GAAP: reporting options for micro, small and medium/large companies The Financial Reporting Council (FRC) has issued a suite of changes that are largely in response to the implementation of the new EU Accounting Directive, and include: a new standard, FRS 105 The...

Employers Liability Insurance and the family business

by Jessica Garbett | Aug 10, 2015 | business issues

We’ve had some questions recently about Employers Liability Insurance and family businesses. We’ve put some new guidance in our help and guidance section about this: Practical: Employers Liability Insurance

Is an end to late payment on the cards?

On the move!

FRC guidance on FRS 102

Accessing HMRC manuals

Changes to HMRC bank accounts – February 2016

NMW changes from 1 October 2015

Finance using intellectual property

Anti-money laundering: cutting red tape

A guide to the statutory residence test

Boosting retirement income with state pension top up

The pensions cash trap for parents

Buy to Lets and Corporate Ownership

Helping vulnerable people in crisis with their tax – Bridge The Gap

FRC introduces changes in response to EU Accounting Directive

Employers Liability Insurance and the family business

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