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Trick or treat? The Chancellor calls the 2018 Budget for late October

The 2018 Budget has been set for Monday 29 October, setting a deadline for speculation and proposals. Mr Hammond, however, has indicated that he won’t end the long spell of austerity measures, despite improving public finances. Proposals raised by think tanks and professional bodies include overhauls of income and inheritance tax, ‘pension tax relief simplification’, […]

Class 2 NICs here to stay

The Chancellor has changed his mind – again – on National Insurance Contributions (NICs) for the self-employed. The Treasury has revealed that Class 2 NICs will remain for at least the rest of this Parliament.  The Treasury’s justification was that, without Class 2 NICs, “A significant number of self-employed individuals on the lowest profits would […]

The importance of a shareholder agreement for your new business

When incorporating a new business, it can be easy to focus on immediate concerns of making some money. However, it is also really important to take the opportunity to create a shareholders’ agreement. A shareholder agreement is a legal document that sets out the rights, responsibilities, liabilities and obligations of the shareholders. Importantly, where the […]

Ward Goodman celebrates client success at local business awards

Ward Goodman have been celebrating the success of a number of clients at the recent Blackmore Vale Business Awards 2018. On the evening of Thursday 20th September 2018 the winners of each category were announced in the luxurious setting of the George Albert Hotel in Dorchester. The Awards have established themselves as the most prestigious […]

News on no deal Brexit for VAT

It has been confirmed that the UK VAT system for domestic transactions will continue in the event of the UK leaving the EU with no deal in March 2019. The government has published a guidance note which confirms some details of what will happen in the event of a ‘no deal’ Brexit. The note confirms […]

Wide-reaching changes proposed to gender pay gap reporting requirements

Gender pay gap reporting requirements should be extended to organisations with 50 or more employees from April 2020, according to the Business, Energy and Industrial Strategy Committee. Early this year there was much media coverage as large organisations with 250 or more employees were required to publish information about their gender pay and bonus gaps, […]

Fuel rates go green for electric mileage

Businesses can pay mileage for company electric car drivers from 1 September, following the introduction of a new Advisory Electric Rate (AER). The AER has been set at 4p per mile for 100% electric cars, which introduces greater incentives to use zero-emissions vehicles for the first time. HMRC hasn’t considered electricity as a fuel until […]

Damping the ashes: Government seeks new controls for phoenixing

The government has announced new powers for the Insolvency Service to pursue company directors who recklessly push companies into administration or liquidation. The announcement came shortly after Wonga, the payday lender, went into administration following an influx of compensation claims from customers. Despite the inevitable barrage of jokes – What’s wrong with Wonga, did they […]

Requirement to correct deadline looms as HMRC details penalties

HMRC has issued updated guidance to the requirement to correct (RTC) rules for offshore liabilities and non-compliance, with the 30 September deadline rapidly approaching. Offshore financial centres and tax avoidance are a perennial topic in the news, and there has been a shift in wider public perception following the revelations in the Panama and Paradise […]

Bindon Engineering considers Ward Goodman ‘a part of the team’

Ward Goodman, the Dorset based firm of Chartered Accountants and Independent Financial Advisers, is delighted to count the family owned and run, Bindon Engineering, as one of its valued clients. The Wareham based firm expanded to its modern 36,000 sq ft factory on a 3½ acre site at Holton Heath in 2009, allowing for a […]

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