Many people rely on you if you are self-employed, a fact seldom appreciated – an increasing number of the UK’s working population are self-employed and without doubt are their business’ most vital asset. However, they do not enjoy the employee benefits of corporate medical insurance or sick pay so can less afford to be ill.…
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Charity Accounts Update – Fit and proper persons test The Finance Act 2010 brought in new measures that charities must adhere to in order to maintain their access to tax relief. This article looks in detail at the “Fit and Proper Persons test”, part of a new “management condition”. The Fit and Proper Persons test…
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If you run a small business which operates from a single premises you could be eligible for substantial rate relief, thanks to a recent government announcement. The amount of relief is dependent on rateable value. As of 1st October, traders operating from a single premises will receive 100% rate relief on properties up to a rateable value…
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Many of you will have seen/ heard the recent media coverage regarding the PAYE error. Good old HM Revenue and Customs! You may get a Tax Calculation (form P800) from HM Revenue and Customs (HMRC) telling you that you’ve paid too much or too little tax for the tax years 2008-09 and 2009-10. The calculation…
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As many people will no doubt be aware, HM Revenue and Customs have issued a notice that they are going to be making claims for under (and over) paid tax due to an error in the PAYE system. A further blog is to be issued regarding this; however, I felt it prudent to give a warning of the scams that…
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