UHY Ross Brooke Chartered Accountants
The next big event in banking takes place on Tuesday with the launch of “PAYM”, the new mobile technology that allows users to pay or receive money via their bank account, just by using mobile telephone numbers. I can see that this will prove a very popular method of transferring
The annual employment allowance of £2,000 for most businesses and charities to be offset against their employer Class 1 secondary NICs bill starts this month. You will need to claim the Employment Allowance through your software, usually via a tick box, which then submits the claim to HMRC The deduction
From 6th April 2014 employers will no longer be able to reclaim SSP paid to employees during sickness absence under the Percentage Threshold Scheme (PTS). The effect will be far reaching. Last year 100,000 businesses reclaimed SSP under the PTS scheme. An independent review of sickness absence showed PTS has
Not everyone is engrossed in their emails daily, but if you are like me, involved in business via email you will know how difficult it is to avoid, or how often you find yourself checking when you are waiting for an important email. The 4th annual #noemailday is on Friday
As announced in Autumn 2013, the government are introducing legislation with effect from 2015/16 to allow a spouse or civil partner to transfer 10% of their unused personal allowance to their spouse or civil partner. Transfer is only possible provided the transferor is not a higher rate taxpayer. If one
George Osborne revealed the personal allowance will increase by £500 to £10,500 on 6 April 2015. This is good news for the low paid and the amount at which people start to pay higher rate tax will be £42,285 (up from £41,865). This actually means the basic rate limit has
In the 2014 Budget the chancellor announced that the tax credit available for loss-making small and medium-sized businesses (SMEs) involved in research and development will increase. From 1 April 2014 the rate of R&D payable tax credit for loss making small SMEs will be increased from 11 per cent to
Investments made within an ISA wrapper grow free of capital gains tax and income tax and because of the tax benefits are likely to be regarded as an important part of any savings plan. For years, ISA savers have complained that limits were too low and the ISA investment rules were
In yesterday’s surprise announcement the Chancellor announced that the Annual Investment Allowance (AIA) for capital expenditure will be doubled from £250,000 to £500,000 from 1 April 2014, for companies or 6 April 2014 for unincorporated businesses until 31 December 2015. The AIA will return to £25,000 after this date. This
Finding reliable, high quality, affordable childcare is a major concern for working families. For many the cost of childcare can be one of the largest parts of most working families’ household budgets. The Tax-Free Childcare online scheme expected autumn 2015 will be available to all households in which all parents