Monthly Archives: August 2011

Record breakers

Posted on August 31, 2011 by Stuart

According to reports, many businesses visited by HMRC have failed to meet the standard required for ‘accurate and adequate’ business records. These failing businesses normally face further inspections to ensureimprovements have been made. Businesses should ensure that their records are … Continue reading →

Posted in Audit | Tagged , , , , , | Leave a comment

Minimum wage changes

Posted on August 24, 2011 by Stuart

The national minimum wage is due to increase on 1 October.. The adult rate will increase by 2.5 per cent, or 15p, to £6.08 an hour. The rate for 18-20 year olds will rise by 6p to £4.98 an hour. … Continue reading →

Posted in Payroll | Tagged , , , , | Leave a comment

Using your (VAT) initiative

Posted on August 16, 2011 by admin

The VAT initiative, whilst sounding like something devised by a politburo, is one of HMRC’s focuses this year. HMRC are writing to 40,000 businesses whose turnover appears to them to have already exceeded the compulsory VAT registration threshold. Those businesses … Continue reading →

Posted in VAT | Tagged , , , | Leave a comment

Office of Tax Simplification Proposals

Posted on August 8, 2011 by admin

The Office of Tax Simplification (OTS), was set up by the Government to streamline business tax.  It has put forward two proposals for smaller companies.  Although this is a great opportunity to do a simples/meercat joke, I’ll hold myself back… … Continue reading →

Posted in Corporation tax | Tagged , , , , , | Leave a comment