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Keeping you informed

The Autumn Statement 2014

So there we are, George Osborne’s fifth and final Autumn Statement of this parliament. With an election in May this was always going to be a very politically driven speech. This combined with...
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Changes to Corporation Tax

Most companies pay corporation tax 9 months after the end of their accounting period. However, companies with profits in excess of £1,500,000 a year are required to pay corporation tax on a...
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New intestacy rules for Wills.

Many people die intestate because they think their estate will automatically pass to their spouse free of inheritance tax (IHT). This is not necessarily correct. Moreover, having a Will in place...
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Updates on NIC

NIC on salesman’s commission Unlike income tax under PAYE, Class 1 National Insurance Contributions (NICs) are not normally calculated on an employee’s cumulative earnings but on the earnings...
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Management Accounts

A survey conducted in 2013 by SKS Business Services showed that 45% of SMEs do not undertake regular management accounting processes.  They are however a vital tool to help in making business...
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