Latest News

Avoid Late Payment Penalties

Avoiding Penalties
To make sure you avoid penalties businesses need to pay the right amount of PAYE, student loan deductions, CIS and NIC on time.

Making Payments
Payments made by cheque must be received by HMRC by 19th of each month/quarter and electronic payments by 22nd of each month/quarter (take the time to check what day of hte week these fall on so they do not arrive late.

Regional Employer NIC's Holidays for New Business Update

HMRC has now published more details of the Holiday scheme.

Proposals to Abolish the Default Retirement Age

The Employment Equality (Age) Regulation 2006 allows employers to compulsorily retire employees at age 65 and over who followed the statutory retirement procedures without risk of unfair dismissal or age discrimination claims.

These provisions were due to be reviewed in 2011, the government has brought forward this review to 2010. The consultation closes on 21 October 2010.

Subject to the outcome of the consultation the government proposals are as follows.

The Equality Act

The equality act becomes law in October 2010. It replaces the existing anti-discrimination laws with a single act.

The same groups that were protected under the current equality legislation (age, disablity, gender reassignment, marriage and civil partnership, maternity, pregnancy, race religion or belief, sex and sexual orientation).

What's stayed the same:

  • Direct Discrimination.

What's changed:

Driving at Work

Do your employees drive for Business Purposes?

Employees driving for business purposes, such as going to the bank, delivering a product, visiting a customer or any number of activities which may involve them using a company vehicle or even their own vehicle, carries a risk which an employer is required to assess and reduce as far as practicable.

Are you Holding on?

Not all companies are seeing their sales drop during these turbulent times, some are doing really well. There are many examples of successful small and mid size companies so what can we learn from them? Our research shows that there are a number of areas businesses should focus on or try out, below are 10 of these for you to consider, most importantly hang in there!

Bribery Act 2010

The Bribery Act which was due to be brought into force from October 2010 has now been delayed until April 2011.

The act may have far reaching implications for businesses. Now is the time for businesses to review and update policies and procedures to ensure compliance with the act.

The key offences
The act repeals past legislation on bribing creating four offenses:

First impressions

It’s often said first impressions are important – you don’t get a second chance.

The first impression of a business can be by phone, website, marketing or meeting.

How can a business make a great first impression? The following questions are designed to help you review your first impressions to your clients or customers.
telephoneTelephone - What first impression does your telephone etiquette give to your customers?

HMRC Requests Access to Private Bank Accounts

If you have ever been subject to a business tax enquiry by HMRC, you may well recall that one of their common tactics is to ask to see not just the business bank account statements but also your private account statements.

That has long been a bone of contention, and this will only get worse now given the removal from HMRC’s Compliance Handbook of previous assurances that private bank statements will not be requested as a matter of course in the opening enquiry letter.

Office of Tax Simplification (OTS)

This was recently launched and there are genuine high hopes of this initiative serving to create a simpler tax system.

The Chancellor has initially asked the OTS to take forward two reviews, which cover tax reliefs and small business tax simplification (including IR35), with details as follows: