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The ‘New’ Marriage Allowance
From 6 April 2015 married couples and civil partners may be eligible for a new tax break.
The new transferable tax allowance means spouses and civil partners can transfer up to 10% of their personal tax-free allowance to the other partner, which means £1,060 for the 2015/16 tax year.
In-year filing penalties start 06 March 2015
As from 06 March 2015, in-year filing penalties will be issued to employers who report their payroll information late. Penalties will be issued if:
With January over, it’s time to spring into action
Working to deadlines, is stressful in any job, however the January Self-Assessment deadline takes ‘stress & pressure to a whole new level’…
With 31.47% of our clients’ Self-Assessment Tax Returns (SATRs) filed in January, the end of the 2013/14 Self-Assessment season was a busy period for the HSJ Tax Team. Now we can look back and clearly identify the cause of any setbacks, hold ups and pitfalls. Here we share our findings, explain the
Capital Allowances – NEW anti-avoidance rules for plant & machinery
Capital Allowances – NEW anti-avoidance rules for plant & machinery. The government announced the new rules on 26 February 2015. It’s intention to remove the opportunity for tax avoidance in this area.
Major changes to stamp duty land tax now in effect
rom Thursday 4 December 2014, SDLT is charged at different rates depending on the portion of the purchase price that falls within a certain rate band.
Rates are applied only to the portion of the property’s value that exceeds the relevant band threshold. This replaces the previous ‘slab rate’ system under which SDLT was charged against the total property value.
The Employment Allowance – 850,000 employers have already claimed. Have you?
In 2013’s Budget, George Osborne made “the largest tax cut in the budget” when he announced a £2,000 employment allowance which removes….
HSJ’s new service is a sign of the times…
HSJ embraces today’s digital age with launch of their new electronic signature function
Advanced Payment Notices (APNs)
Legislation introduced on 17 July 2014 means that those who have used a tax avoidance scheme may have to make a payment in advance to HM Revenue and Customs (HMRC) in relation to their use of the scheme, before the final tax amount has been agreed or determined. This is known as an advanced payment.
Helping you & your business succeed
Financial planning is essential to the success of any business, whichever stage it is at. Having an accurate idea of your current and likely future finances can help reduce the impact of any unforeseen challenges and let you get on with running your business.
Financial planning for start ups
Before you set about turning your entrepreneurial dream into a reality, you need to objectively assess whether your idea will…
HSJ Accountants support pays off as Newport’s Girl Cricketers complete a unique UK ‘Winners Double’
Newport Cricket Club’s Girl cricketers completed a unique ‘double’ by winning the Lady Taverners UK National titles at both U13 and U15 age groups. The girls, who have benefitted from a generous sponsorship from HSJ accountants, who supported the Girls winter coaching programme, swept all before them at the two National Finals Days at Leamington Cricket Club.