The Business : News

Richard Austin with the Magic Tax welcome screen.

Free solution for Making Tax Digital

Businesses, from sole trader to corporate giants, who are VAT registered are now becoming more aware of the HMRC's new Making Tax Digital scheme. Whilst businesses, for many years, have been used to logging in to the HMRC's own website to submit the figures to complete their tax return, the HMRC now expects the information to be supplied through accounting software or bridging software.

Springtime tax scams target young

Young adults who may have less experience of the tax system should be especially vigilant against springtime refund scams, warns HM Revenue and Customs (HMRC). Scammers are increasingly targeting vulnerable or elderly people and those with less familiarity with the tax system, such as young adults.

Hill Osborne urges business owners to get advice now as HMRC starts digitization roll-out

Dorset based Independent Chartered Accountants and Business Advisers, Hill Osborne, has urged business owners to ensure they are ready for HMRC's Making Tax Digital (MTD) initiative which officially came into force on 1 April 2019, initially affecting businesses with a turnover above the current VAT threshold of £85,000.

New payslip regulations may highlight businesses that fail to meet minimum wage

New regulations regarding the information given to employees on payslips comes into force from 6 April. Employers will be required by law to provide all employees with a payslip that shows more detail regarding the number of hours worked when pay is variable.

Celebrations all round for accountancy firm

PKF Francis Clark, is not only celebrating its Centenary year, but is also celebrating the news of being announced as finalist in three categories of the Tolley's Tax Awards 2019, and the recent achievements of the rising stars in its tax team, with one, in particular, coming top nationally in a recent exam.

Hall & Woodhouse's Community Chest launches to provide essential grants

Hall & Woodhouse, the leading independent family-owned Dorset brewer, has launched its Community Chest Awards, which supports local voluntary causes across the south.

Charity's telephone advice line

The Advice Team at local disability charity, Diverse Abilities, is holding a regular telephone advice line for the Dorset community. The friendly team are encouraging local people that need support with ESA (employment and support allowance), PIP (personal independence payments) and child DLA (disability living allowance) to get in touch.

Dorset businesses successfully grabbing the attention of the Angels for investment

Innovative business solutions, from across a diverse mix of industry sectors, were pitched to the Dorset Business Angels (DBA) in a bid to grab the attention of the astute Angel investors. Enthusiasm and inspiration were demonstrated in abundance at the quarterly pitch event which took place at the Hallmark Carlton Hotel in Bournemouth. In a first for the event, every single company pitching gained interest from investors.

No deal Brexit could complicate cross border debt enforcement

Lenders could find it much harder to enforce cross border debts in the event of a no deal Brexit, RSM has warned. Currently, European regulations facilitate the collection of cross border debts within the EU, notably through the use of European Enforcement Orders.

Tax return deadline reminder

More than 3.5 million customers have just one week left to complete their Self Assessment tax returns and pay any tax owed, warns HM Revenue and Customs (HMRC).

All systems go for PKF Francis Clarks expanding VAT Team

'All systems go' for expanding VAT Team

Chartered accountants and business advisers PKF Francis Clark have introduced another member to their VAT team based in the firm's Truro office, in preparation for the legislative changes and Brexit complications that 2019 will bring.

The trick to achieving your financial resolutions

While many are feeling the squeeze of the post-Christmas and January sales spending sprees, it might have crossed your mind to set a resolution to manage your money better this year. A poll by YouGov shows that most people have given up on their changes by January 10, but resolutions can be easily maintained when they are more achievable.

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