NIC Employment Allowance April 2014

Oct 22, 2013

The Chancellor announced the creation of a NICs Employment Allowance in the 2013 Budget. This is planned to start on 6 April 2014 and moved a step closer to becoming law with the First Reading of…

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Sir Richard Branson leaves UK for British Virgin Islands

Oct 17, 2013

Sir Richard has decided to leave the UK and live in his holiday home. He wants more time to surf, kite surf, play tennis and stay limber practising pilates. He says that his decision is not dictated…

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Do you record business mileage?

Oct 15, 2013

A number of trade associations have issued warnings to their members recently. They are concerned that HMRC are making an issue of business mileage recording. Apparently, employers are failing to…

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Talking up the prospects for growth

Oct 15, 2013

We have enough information about the UK’s economic woes to keep us depressed for many years to come. Every week we are told why sustainable recovery from recession and its after effects is just round…

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The new Single-Tier State Pension

Oct 08, 2013

It has been announced that the new Single-Tier State Pension will start, subject to Parliamentary approval, April 2016.

The original proposals for the new system were outlined in a White…

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Home based start-ups reminded to claim for use of home

Oct 04, 2013

One of the major accountancy bodies, the Association of Certified Accountants, has reminded home based entrepreneurs that they can make a valid claim, for tax purposes. The ACCA’s head of tax, Chas…

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Capital allowances claims deadline

Oct 03, 2013

If you own the property that you trade from, for example a hotel or guest house, the purchase price of the property may have included the cost of certain integral features that it may be possible…

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Protecting your pension lifetime allowance

Oct 03, 2013

 From 6 April 2014 the pensions’ lifetime allowance will be reduced to £1.25 million from the present level of £1.5 million. If you have already built up pension savings of more than £1.25 million…

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