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There was a time, not so long ago, when many people’s lives fell neatly into three distinct stages – they were educated, embarked upon a career and then retired.
The new pension rules introduced a little over a year ago were rightly heralded as a revolution. Gone are the days when, on reaching 65, retirees automatically swapped their pension pots for lump sums and an annuity provided by their insurers, cleared their desks and embarked on their retirement.
ATED was first introduced in 2013 on high-value UK residential properties worth over £2 million which are owned by companies, partnerships with corporate members and certain investment vehicles. ATED has created a new filing obligation with penalties charged for late filing.
The government’s long-running drive to limit the ability of individuals to avoid tax by working through personal service companies has stepped up a gear.
Debt finance is the lifeblood of many companies, and arguably the banking system’s greatest contribution to the continued functioning of UK Plc.
The decision to penalise a business for making an error on its VAT return is supposedly at HMRC’s discretion.
Media coverage of the recent tax changes affecting buy-to-let landlords has talked breathlessly of the Exchequer “declaring war” on the estimated two million people who receive income by investing in British bricks and mortar.
China’s progress over the past few decades has transformed the economic might of hundreds of millions of Chinese households.
Licensing can be a complex process, and misinterpretation or miscalculation can cost businesses alarming sums.In the past, the receipt of royalties was largely confined to authors, screenwriters and musicians, keen to protect their artistic product.
A gradual tightening of the rules on shadow directors has imposed greater transparency and responsibility on those who influence companies but are not appointed directors.
In the midst of several high profile funding disputes, cases of vulnerable individuals being targeted by aggressive cold callers and increasing press criticism of ‘telephone chugging’, charities are subject to greater scrutiny than ever before.
Many small companies choose to place only “abbreviated” accounts on the public record. This option has now been replaced by a new regime which has a broadly similar effect but there are changes in the detail.
UK landlords are facing a series of radical tax changes which are hitting the buy-to-let market.
It’s a safe bet that whoever coined the phrase ‘you learn from your mistakes’ obviously never received a VAT penalty from HM Revenue & Customs (HMRC).
Tax and savings were central to the Chancellor’s Budget speech in March.
The ease of doing business in the UK has played a massive role in attracting large numbers of foreign companies to set up in Britain.
Our back office services team, FisherE@se, provides bookkeeping, management accounts and payroll services.
Growing old is never a question of choice. But we can choose how to secure our financial future and the quality of life during retirement.
It says a lot about the state of British politics that when a senior cabinet minister resigned in March over the Government’s welfare reforms, his real motive was immediately judged to be something else entirely – Europe.
Might a non-EU UK end up aping the tax havens that sparked so much criticism following the release of the Panama Papers?
There is a new requirement which has recently been widely published in which the director of every Company has a new obligation under the Companies Act 2006 (“the Act”) to keep and maintain a new Register called a People of Significant Control Register (“PSC Register”).
Most people in the business world are familiar with a CVL or Creditors Voluntary Liquidation. It’s usually not good news and has a certain stigma attached to it. However, not quite so much is known about an MVL or Members Voluntary Liquidation. So what exactly is an MVL and how does it differ from a CVL?
Their causes may differ, but both these problems can needlessly cost a charity time and money.