In March this year the government published regulations to increase the hourly rate of the National Minimum Wage (NMW) which comes into effect from Monday 1st October. This will bring the NMW for adults aged over 21 to £6.19 and the rate for apprentices under the age of 19 or in the first year of […]READ MORE »
Family owned businesses play a pivotal role in the UK economy, it is estimated that in excess of 75% of today’s businesses are family owned and managed. The highs and lows of operating a family firm are well documented. On the one hand the extra sense of purpose, strength of commitment and loyalty between family […]READ MORE »
Employers are warned about a new reporting system for PAYE, which could prove to be a burden for the unprepared. PAULETTE THOMAS explains the reasons for the new system and advises how you can get ready for the change. Real Time Information (RTI) is a new compulsory reporting system which changes when employers must submit […]READ MORE »
Recent research suggests that there has been a poor response and little acknowledgement of tough new corporate bribery laws introduced last year. Marking the first anniversary of the Bribery Act, the study carried out by accountancy firm Ernst & Young revealed that nearly three quarters of North West middle managers haven’t even heard of the […]READ MORE »
The Tax Return Initiative is a campaign aimed at higher-rate tax payers who are yet to complete their Self Assessment tax returns for years 2009-10 and earlier. The campaign, launched by HM Revenue & Customs, starts on 3 July and runs until 2 October 2012 by which time any outstanding amounts will also need to […]READ MORE »
SME’s based in or relocating to the North West can now potentially benefit from an £185m investment fund, “The North West Fund”, established to provide debt and equity funding from £50,000 to £2m. The fund is accessible to SME’s (Small to Medium Sized Enterprises) who employ fewer than 250 people and have an annual turnover […]READ MORE »
Individuals should be wary of fake e-mails which appear to have been sent from HM Revenue and Customs. The “phishing scams” take the form of a fake e-mail claiming to be from HMRC, offering a tax refund. The e-mail will encourage the recipient to enter their personal information and/or bank details and may be infected […]READ MORE »
Following George Osborne’s Budget announcement, Group Tax Director GILL MOLLOY gives an overview of the key points…. Recent Economic Developments and Prospects Three key challenges have been recognised as affecting the UK economy; The euro area crisis that has created increasing instability and uncertainty undermining confidence Higher inflation associated with the 40% rise in the […]READ MORE »
From April 2012, all VAT registered businesses that are not already registered online will be legally required to submit returns online and pay VAT electronically. All newly registered and existing businesses with a turnover of more than £100,000 have been legally required to submit their VAT Returns online and pay electronically since April 2010. Now, […]READ MORE »
Thursday 29th March Preston Marriott Hotel, Garstang Road, Broughton PR 35JB 8.00am – 9.45am Itinerary Arrival, Networking and Breakfast 8.00am – 8.20am Presentation 8.20am – 9.20am Networking and Refreshments 9.20am to 9.45am You Only Sell Your Business Once…Don’t Leave it to Chance! As every entrepreneur knows, having a clear strategy is essential when launching a business. […]READ MORE »
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