Bournemouth Accountants and Financial Advisers News, Ward Goodman Chartered Accountants

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taking on an apprentice

Could you take on an apprentice?

Posted under Tax Briefs, Ward Goodman News.

With the cost of going to university soaring, apprenticeships are booming as the government makes them an attractive alternative to higher education and the debt a degree incurs. Is your company able to offer an apprenticeship scheme? Apprenticeship is a mix of learning on the job and formal tuition, allowing apprentices to gain a qualification…

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payment practices

Government Reveals Payment Practices Regulations

Posted under Tax Briefs, Ward Goodman News.

From April, large companies will have to report their payment practices twice a year – including the average time it takes to pay supplier invoices. A guidance for large businesses to report payment practices, the ‘duty to report’ guidance, was published in early February and it states that from 6 April 2017, large companies and…

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HMRC

HMRC, the ultra-rich and the not-so-rich

Posted under Tax Briefs, Ward Goodman News.

Parliament’s Public Accounts Committee thinks that the “government must take a tougher stance on taxing the very wealthy.” In 2009, HM Revenue & Customs (HMRC) set a specialist team to focus on the tax affairs of high net worth individuals (HNWIs is the jargon). At the time, HNWIs were defined as people with net assets…

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decoding financial jargon

PAYE? OMG! – Decoding Financial Jargon

Posted under Tax Briefs, Ward Goodman News.

A recent survey of 2,000 people carried out by Nationwide, found that although 79% of participants knew what abbreviations such as OMG and LOL mean, only half correctly guessed the meanings behind financial terms such as APR and PAYE. A lack of basic knowledge and understanding of these terms can be a major contributor to…

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tax year

The End of the Tax Year: 5 April Reminders

Posted under Tax Briefs, Ward Goodman News.

As the end of the tax year nears, remember the 5 April is a multi-faceted deadline.    In 2017, the tax year ends on Wednesday 5 April, over a week before Easter. The Budget is almost a month earlier (8 March), but that should not affect most tax year end actions. As a reminder, here…

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