Blog6th Feb 2013Accounting Services Newsletter February 2013Our Accounting Services Newsletter provides practical guidance to small and medium sized companies and non-incorporated businesses on a variety of issues that are relevant to owner managed businesses. Some of the key topics are discussed below.View more
Blog5th Feb 2013Controlled Foreign Companies (CFC)New CFC provisions have been introduced which came into force for accounting periods beginning on or after 1 January 2013.View more
Blog15th Jan 2013International tax & payroll on overseas projects – managing the minefieldMany businesses in the North-east energy sector are following the major oil and gas operators and larger service contractors to work in new locations across the globe. The commercial aspects of overseas projects will normally be considered in detail but…View more
Blog15th Jan 2013Limited Liability Partnerships: Back in VogueTraditionally, limited companies are the main vehicle used when setting up in business owing particularly to the limited liability protection. However, in the current economic climate obtaining tax efficiencies is a must and a Limited Liability Partnership (LLP) can go…View more
Blog15th Jan 2013Significant new penalties for failure to register with Dutch ChamberHistorically, foreign companies operating in the Netherlands, onshore and offshore, had no obligation to be registered with the Dutch Chamber of Commerce (DCC). However from the 1st July this year, a change in legislation aimed at preventing illegal staffing practices…View more
Blog9th Jan 2013Real Time Information (“RTI”) PAYE PenaltiesWhat will happen if an employer files returns late, makes a mistake on returns or pays HMRC late?View more
Blog17th Dec 2012The New “Employment Owner” Status – Exchanging Employment Rights for SharesFrom April 2013, businesses will be able to offer individuals contracts using the new status of “employee owner”.View more
Blog13th Dec 2012High Income Child Benefit ChargeRecent press coverage has highlighted a new High Income Child Benefit Charge (“HICBC”) to claw back child benefit paid to those earning over £50,000 per annum. This tax charge applies from 7 January 2013 and HM Revenue & Customs have…View more
Blog13th Dec 2012Capping of Tax Reliefs from April 2013The government is to introduce a cap on the amount of income tax relief which can be claimed and we expect the relevant legislation to be introduced from 6 April 2013. The government has said that the intention of the…View more
Blog13th Dec 2012VAT Deadline – Don’t get caught out over the festive periodVAT Deadline – Don’t Get Caught Out Over The Festive Period …View more
Blog13th Dec 2012Business Record ChecksHM Revenue & Customs (“HMRC”) have announced that business record checks (“BRC”) are to be restarted now, and specifically in Scotland in January 2013. HMRC has advised that they will be writing to all relevant small and medium sized businesses…View more