Pension Contributions

Is HMRC getting more creative with Schedule 36 notices?

As part of the Finance Act 2008, Schedule 36 grants HMRC the authority to issue an ‘information notice’ to taxpayers, enabling them to request documents and data necessary to verify a taxpayer’s tax position. While the issuance of these notices has long been part of HMRC’s arsenal, there has been…

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Azets appoints UK lead for National Minimum Wage

Azets has announced that experienced employment tax specialist, Kyle Newton, will join the firm as a director to support clients across the UK in ensuring their compliance with National Minimum Wage (NMW) legislation. Based in Leeds, Newton will lead the firm’s newly formed NMW service line and help clients nationwide…

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The most common claimable R&D costs to help stay on the right side of HMRC

It’s more important than ever that innovating companies ensure all costs eligible for tax relief are correctly identified, apportioned, and claimed under the correct R&D scheme so they receive everything they are entitled to. Changes to what is eligible for R&D tax relief are still proving stumbling blocks for businesses…

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Mintago secures $4.75m in funding round

Financial wellbeing startup Mintago has closed a $4.75m (£3.90m) funding round to accelerate its growth across the UK. BlackLion Ventures has been the lead investor in the funding round ($3.75m) (£3.08m), followed by Love Ventures and Cur8 Capital. Mintago will use the funding to invest further in the technology underpinning…

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The future of accounting

As the UK is slowly emerging from the pandemic, many businesses have come out on the other side with more streamlined business operations and services by having to adopt digital strategies to survive. According to an EY survey, digital transformation is a key priority with over 50% of UK CEOs…

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What you need to know about pension planning in 2022

When you’re planning for the future and retirement, a pension is a great asset. A private pension enables you to build a tax-free savings pot, while securing your state pension allows for support once you reach retirement age.  While pension planning may seem straightforward – particularly if you have a…

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The continued importance of SSAS to accountants and their clients

During and since lockdown we have seen an increasing number of accountants ask us to establish SSAS pension schemes on behalf of their clients, typically business owners, directors and senior executives, as well as businesses run by family members – two or three generations in some cases and also clients…

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Business face rising risk of NMW fines, Grant Thornton warns

Businesses are facing an increased risk of heavy fines for unintentional national minimum wage (NMW) breaches, according to new research from Grant Thornton UK.  The firm said it had witnessed a rise in the number of businesses being investigated for offences on the matter, usually as a result of commonplace…

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KPMG UK boss to step aside as probe launched into ‘stop moaning’ comment

KPMG has confirmed that Bill Michael, the accountancy giant’s UK chairman, is stepping down from his role pending an investigation into controversial comments he made during a virtual meeting with staff last week. Earlier this week, Michael apologised for telling consultants to “stop moaning” during a discussion about the impact…

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KPMG chair apologises after telling staff to ‘stop moaning’

Bill Michael, chairman of KPMG UK, has apologised for telling consultants to “stop moaning” during a discussion about the impact of the pandemic on their working lives. The Financial Times reports the comment was made during a virtual town hall among KPMG employees, who told Michael of their concern regarding…

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