We have updated our site for our summer newsletter. In it we cover the following topics:
Bowled over by benefits
Are you optimising your benefits from your business?
Settle for nothing less
The Arctic systems case may have gone away, but H.M. Revenue & Customs are still keen to use settlements legislation to attack family companies in certain situations.
How to avoid being a winner in the HMRC lottery This considers how you might avoid H.M. Revenue & Customs investigating your business.
Reduce your business rates Can you claim a discount through the small business rate relief scheme (SBRR)?
The war on wages HMRC have been asked by the government that business do pay the required minimum wage rates.
Change in intestacy rules in England and Wales There have been various changes to the rules. However I would recommend that all our clients have a valid Will so that they never have to apply these rules.
Keeping on the right side of the law This considers dividend extraction and how you might fall foul of the rules.
Changes to the state pension Should you be getting a pension forecast to check your current pension entitlement? I am!
All Change ... for the holiday express Statutory holiday entitlement has been enhanced from 1st April 2009.
In addition to our newsletter you will find two special briefings in our data centre covering the following:-
Capital allowance essentials 2009/10
Capital allowances are the tax rules which tell you what tax deduction you can have when you incur expenditure on capital assets that you use in your business. These rules have changed significantly since April 2008 and there have been further changes since then particular in relation to car expenditure.
HMRC; the new era of penalties begins...
On 1st April 2009 new legislation came into effect in respect of penalties for tax offences. These rules apply to any Returns submitted to HMRC after 1st April 2009 in respect of the period which commenced on and after 1st April 2008. The rules therefore cover the 2008/09 Tax Returns and PAYE Tax Returns as well as Corporation Tax and VAT Return that are submitted after the date.
Please contact us if you have any questions about any of the articles or the special briefings or you would like further information on any tax or accountancy matters.
Simon Towers Director
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