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People with significant control (PSC)

by | Jul 5, 2016 | ACCA, business issues

The 30 June deadline for registering information in the PSC register is fast approaching. With just a few days to go, many companies and LLPs are likely to be still gathering in the information for the PSC register.  It is important that the register contains the...

PAYE late filing penalties

by | Jun 30, 2016 | ACCA, employer returns

HMRC has issued a statement about its three day easement and risk-assessed approach to late filing. HMRC has said that following a review of the three day easement and risk-assessed approach adopted last tax year – which has seen a significant reduction in returns...

Parking at our offices

by | Jun 29, 2016 | administration

Just a reminder that the car park attached to the Wheatsheaf Pub is a private one, and not a public one. It is not available for people visiting our offices, and pub management have indicated they are taking enforcement action on unauthorised parking. There is...

Post Brexit: a word on tolerance

by | Jun 29, 2016 | administration, ethics, musings

I originally published these thoughts on the website for my yoga business, but in modified form they are just as valid here. No matter whether you were “in” or “out”, I think we can all agree the fallout from last Thursdays vote has been surprising; the Prime Minister...

Help to buy – an overview

by | Jun 28, 2016 | ACCA, personal finance

ow ‘help to buy’ works in England, with links to information on variations in other parts of the UK. The scheme in England operates as follows: Who is eligible? It is open to first time buyers and individuals who have previously owned property. Eligibility is...

General duties of trustees

by | Jun 23, 2016 | ACCA, business issues

A checklist of the typical duties of a trustee. Trustee is a legal term which, in its broadest sense, refers to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. The role of the trustee is an onerous one in...

Directors’ disqualifications

by | Jun 13, 2016 | ACCA, business issues

Two recent cases have highlighted directors who were disqualified and banned from being company directors and from being involved in the management of a limited company in any way. The first was for 12 years for selling rare earth elements as an investment and failing...

Client question – Community Event

by | Jun 10, 2016 | business issues

We were asked: “We are taking over the running of a local community event. We ran it once before as a CIC, but this was complicated in terms of admin and we want to do it as simply as possible. It’s pretty simple. People pay a fee. We have to pay the space...

VAT flat rate scheme: revised HMRC guidance

by | Jun 9, 2016 | ACCA, VAT

An update to VAT Notice 733 ‘Flat rate scheme for small businesses’ was issued on 4 May 2016. According to HMRC the purpose of this was to ‘make the notice more suitable for publication on GOV.UK’. The update includes some minor amendments to various paragraphs....

Your view: tax coding notice

by | Jun 2, 2016 | ACCA, HMRC, personal taxatation

HMRC is seeking your comments on an early draft of Tax Coding Notice (P2). After digesting the information below and also elsewhere online, do you feel it provides sufficient detail for you or your clients to be useful? HMRC says ‘The HMRC Personal Tax Account...