Bournemouth Accountants and Financial Advisers News, Ward Goodman Chartered Accountants
Auto enrolment

Auto-enrolment: seven million and counting

Posted under Tax Briefs, Ward Goodman News.

Automatic enrolment has reached a new landmark, but the path from 2017 onwards could be challenging. When automatic enrolment into workplace pensions started in October 2012, there were some doubts about how successful it would be. A little over four years later, few would argue that Auto-enrolment has not been a success, at least so…

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SME debt

UK SMEs are writing off billions in debt

Posted under Tax Briefs, Ward Goodman News.

The average amount of debt written off by small and medium-sized businesses (SMEs) last year was £11,708, according to recent research.  The findings show that 76% of SMEs wrote off debt during 2015, totaling just under £50bn collectively, or £134m every day. In addition, one-in-five SMEs are experiencing cash-flow problems according to the research, with…

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tax tribunal

Fees for tax tribunal appeals

Posted under Tax Briefs, Ward Goodman News.

Fees are being introduced for the first time for appeals to the tax tribunal The charge comes as part of the introduction of an online appeal submission service and is intended to cover administrative costs. The fee structure has not yet been published but fees could start from as little as £20 up to £200…

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autumn statement

Another pension annual allowance cut

Posted under Tax Briefs, Ward Goodman News.

The Autumn Statement revealed plans for another annual allowance cut When pensions flexibility was announced in March 2014, it did not take long for tax planners to realise that it offered an interesting opportunity to “pay” the over-55s. The idea was that, instead of pay which is subject to national insurance contributions (NICs) and full…

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salary sacrifice

Attention staff: the cafeteria is closing

Posted under Tax Briefs, Ward Goodman News.

The Autumn Statement confirmed plans to limit the scope for salary sacrifice arrangements. In recent years, the number of employers offering ‘cafeteria’ remuneration has steadily increased. Under the system, employees can swap pay for benefits, which can range from anything from mobile phones through to company cars or gym membership. The advantage of visiting the…

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