Mini guide to your monthly PAYE commitments

October 6, 2014

Payroll regulations are constantly changing. Figurit have put together this mini-guide to detail some useful facts, figures and dates for your reference to help you keep above board with your payroll commitments.

Announcement of the Autumn Statement date

October 3, 2014

The Autumn Statement will be presented on 3 December 2014. Less than six months before the general election – it should be an interesting one!

Are you on the list for a HMRC Business records check?

October 1, 2014

Are you at risk of being targeted for a records check? Yes – Any business with a turnover of under £30 million through Income Tax and Corporation Tax is at risk, including: sole traders, partnerships and limited companies.

Property News – Landlords Energy Savings Allowance

October 1, 2014

100% tax allowance is now available for energy efficiency improvements made to a rental property for residential private landlords. Make sure you’re claiming yours.

RTI penalties deadline extended again

September 29, 2014

The rules around automatic RTI penalties for late filing have been relaxed for businesses with under 50 employees and will now come into play in March 2015, instead of October 2014.

Tax Relief for Energy Efficient Landlords

September 29, 2014

Are you a private residential landlord looking for some extra tax relief this year? 100% tax relief can now be claimed and offset against rental income for improvements that take into account making your property more energy efficient.

Could you be called for a Business records check?

September 26, 2014

Could you be called for a Business Records Check? As a doctor or dentist paying Income Tax and /or Corporation Tax with turnover of less than £30 million, technically you fall into the target category.

Inheritance Tax Planning – simple tips to retain your wealth

September 26, 2014

Commercial business owners naturally want to protect the wealth generated from their years of hard work from Inheritance Tax (IHT). Fortunately, there are some simple steps that can be taken to eliminate or at least reduce IHT

The benefits of a property portfolio mortgage account

September 24, 2014

If you own two or more rental properties, a Buy-to-Let Portfolio Mortgage Account could save you time, money and enable more flexibility to increase the size of your portfolio with lower costs.

Treatment of employee benefits is changing

September 23, 2014

Form P11D is the current method of reporting where employees and directors have been provided with some type of “benefit”, with a financial value, instead of receiving income. However, it can be tiresome with smaller “niceties” like flowers.