Category Archive for "Miscellaneous"

Goodbye Autumn, Hello Spring?

November 24, 2016
Baxter & Co

Going back to 1982, we have had Autumn Statements, which for a few years under Kenneth Clarke became Summer Statements, before returning once more to the autumn under Gordon Brown, when it was renamed the Pre-Budget Report and then back…

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Work-related training

October 11, 2016
Baxter & Co

We sometimes get asked by employers about the tax rules on training. Most employers know that if they pay for a member of staff to attend a training course, that will not be a taxable benefit for the staff member….

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Termination payments – what is changing?

October 5, 2016
Baxter & Co

During the summer the Government has been consulting on draft legislation to change some aspects of the tax and National Insurance treatment of termination payments. Legislation is expected to be included in the Finance Bill next year and will take…

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Certified Chartered Accountants in Orpington

National Insurance Employment Allowance

April 29, 2016
Baxter & Co

The employment allowance increased on 6 April 2016 from £2,000 to £3,000 per employer per year, which is great news for small businesses who can set the allowance against employer’s class 1 NIC payable on their employees’ and directors’ pay….

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Baxter & Co, Orpington

Expense and Benefit Reporting

April 25, 2016
Baxter & Co

Now that we have finished the 2015/16 tax year, and are past the final RTI submission deadline (19 April), it is once again time to think about the reporting of expenses and benefits. Director and employee benefits and expenses need…

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Certified Chartered Accountants in Orpington

Who controls your company?

April 13, 2016
Baxter & Co

With all the recent talk in the news of transparency in the tax affairs of the Prime Minister, one measure to increase transparency which came into effect this month has perhaps not received all the attention it deserves. From 6…

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Accountants in Orpington Baxter & Co

The end of capital gains treatment on winding up?

January 13, 2016
Baxter & Co

Following the Autumn Statement the government has published a consultation on company distributions rules, along with proposed draft legislation. The proposed changes will take effect from 6 April 2016. The changes complement the proposed changes to the taxation of dividend…

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I have a small company, does Auto Enrolment apply to me

I have a small company, does auto enrolment apply to me?

August 10, 2015
Baxter & Co

You may recently have received a letter from the Pension Regulator asking you to nominate a contact for auto enrolment.  But if you are a small company can you get out of auto enrolment? The starting point is that auto…

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Late filing excuses

August 7, 2014
Baxter & Co

If come 1st February you are looking for an excuse to avoid a penalty for not filing your tax return, HMRC have published their list of unacceptable excuses. The following bizarre, exotic and flimsy excuses have all been used by…

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