HSJ Accountants

New fuel rates for company cars

HMRC has recently announced new fuel rates for company cars. The new rates apply to all journeys on or after 1st June 2013, until further notice.

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New Statutory Rates – Are you aware of the changes?

The new tax year brings an increase to Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP),

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The Patent Box

The ‘Patent Box’ scheme allows companies to apply for a lower rate Corporation Tax to profits generated from patented inventions

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Budget 2013: Key announcements

The Chancellor George Osborne has now delivered his 2013 Budget speech to the House of Commons.
He said it was a Budget that recognised that Britain was an "aspiration nation" and was for those who aspire to "own their own home, get their first job, and start their own business."

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Business Finance & Support

In these financially testing times it is good to know that there is support available to new and established businesses alike in the form of government grants, publicly-backed finance and loans in addition to business support via mentoring and consultancy.

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Temporary Workplace - Relief for travel expenditure

As the self assessment season comes to a largely successful end, the question of expense claims for an employee’s travel to a temporary workplace was raised in respect of one of the later returns! With more and more individuals and employees having to travel between places of work, it is important that the detail is understood.

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Government ‘U-Turn’ will make it a Happy New Year.

The Autumn Statement saw the coalition government make a series of ‘u-turns’ when it came to tax policies. The biggest reversal, being, the decision to increase the Annual Investment Allowance (AIA) after previously reducing it from £100,000 to £25,000, which came into effect during April this year.

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Does your Christmas Party give you Cold Turkey?

The Christmas Party Season is nearly upon us… but if in recent years your Party has been hampered by inclement weather or staff epidemics, or if you’re fed up with paying party season prices for chucking-out-time service, you might like to bear in mind the following:-

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Business Tax Dashboard for Self-Assessment

It is aimed at smaller businesses to give online access to your Self-Assessment tax record. You will also be able to see a summary of your tax position on a single screen for PAYE and/or VAT account information. An online Corporation Tax service is also available.

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