How does the cycle to work scheme work?
This scheme was set up by the government to encourage a healthier workplace, and is available to all employers. There are of course a few conditions and only certain items of equipment may be purchased. The scheme must be open to all employees, whether or not they...
Travel for homeworkers – a new case
In the recent case of Dr Samadian, HMRC have won in asserting that some travel from the home office to hospitals for private work was personal rather than allowable as a business expense. This main points considered were: Travel to the hospitals was habitual, it...
Real time information – Moneysoft Payroll Manager
This post is specifically for clients and others using Moneysoft Payroll Manager and details the checks and steps you should be taking before RTI is introduced in April 2013. As shown in my earlier post there are a couple of areas which will now be required for the...
Real time information – time to prepare
By now most employers will be aware that HMRC is introducing real time reporting of payroll information (RTI: Real Time Information) every time employees are paid. This means that many of the forms which are currently submitted during and at the end of the tax year...
Don’t understand self employed payments on account?
A client just emailed to query his payments on account "I am a little confused as to the payment on account bit...I thought I was due the tax payment now and 50% of this payment in advance of next years tax by july? Am I having to pay 2 lots of advance payments being...
HMRC on the warpath with more investigations
Do you need to protect yourself so that any fees which you may incur in answering an enquiry are covered? With the shortfall in tax revenues to repay government debt HMRC are being funded to collect more tax and taking a more targeted approach. The latest claims...
VAT charging by Financial advisers – IFAs
From 1 January 2013 Independent Financial Advisers (IFAs) are subject to a whole new set of rules on how they conduct their business and whether they should charge VAT. The situations in which the service is exempt, and VAT does not have to be charged are bound by...
Headlines for business from the Autumn Statement
The autumn statement is almost a 6 month budget now and there were a few changes which are of interest to business owners Increase in 100% allowances for capital expenditure Annual Investment Allowance increases from £25k to £250k from 1 January Any capital...
Time to take action on Child benefit tax charge
There have been rumours for the last few years of some form of taxation and the government have finally selected a simple solution: If you or your spouse/partner: claim child benefit and either of you has income of over £50,000 per year your family will be subject to...
What can I find out about a company online?
In the last week a couple of clients have asked me what and how they can find out about companies they are either considering working with or are having issues with. For registered companies information is held at Companies House and the usual documents you would...