Here at PAH Accounting we have always been a innovative and forward thinking – you may recall an earlier article – Time to ditch the filing cabinet, back in 2010! The average business loses thousands of pounds a year in unclaimed expenses, such as lost receipts and misplaced invoices, but now there’s a chance for…
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The Chancellor George Osborne delivered his Autumn Statement to Parliament. This sets out how the government will continue to secure the public finances, support families with their costs, help businesses to grow and equip young people with the skills they need to succeed. The Autumn Statement reinforced the government commitment to the long-term economic plan…
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Published twice a year, the Government’s Statement of New Regulations details all regulations – including EU measures – due to come into effect over the following six months. As part of the Government’s ongoing drive to reduce the red tape burden on businesses, July’s statement introduces 11 measures: five de-regulatory measures; three new measures which…
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Number of home businesses hits 2.5m More than half of the UK’s small businesses now operate from home, according to research from Direct Line for Business (DL4B). The 2.5 million home business owners account for 52 per cent of all small businesses and eight per cent of the total UK workforce. DL4B’s analysis of…
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The bookkeeping awards 2013 are now up for nomination. As you may recall I have been a winner and runner up in the ‘Most innovative accountant‘ category over the last couple of years. I would love to be somewhere in the running in that category again; however, there is also an additional new category –…
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Common tax efficient strategies such as using dividends and alphabet shares being paid in lieu of actual employee pay have once again come under the spotlight. The case of PA Holdings has been going through the courts for several years. It was due to go to a final hearing in the Supreme Court in July…
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For many small Limited Companies it is quite a common strategy (right or wrong) for Directors/ Shareholders to draw funds out of the company and make a dividend declaration at the end of the year. Where this often goes wrong is that the director will withdraw too much thus creating an overdrawn directors loan accounts.…
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One of the most common misconceptions we get from clients is the annual return reminder and an assumption that this is related to the accounts filing. It can also be a worry for clients when they get their first annual return reminder which usually comes with a big red header and slightly over the…
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Have you ever run a business that benefits the community? It may sound unusual but there are plenty of enterprises around that do just that. Recently I was asked by Sue Jordan of Sue Jordan UK and Glenys Armstrong of Community First to come and present to their group on the topic of ‘Setting up a social enterprise’. Now…
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As most businesses will now be aware HMRC are bringing in a new way of filing and reporting PAYE. this will commence from April 2013. This is called Real Time Information or more commonly RTI. As an employer this could affect you in a number of ways. We have outlined the basic information that you…
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