Double celebration

Two of our colleagues celebrated 25 years of working for Rothmans this year. Gill Thomas and Julie Gray have worked at our Segensworth office ever since they joined the firm in 1989 within just a few months of each other. “To have had one person achieve this milestone is very special, but two is quite extraordinary,” says Martin Osborne, Senior Partner. “What is also extraordinary is that during their entire time at Rothmans, they have worked alongside me – showing great staying power!” The staff of...

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John Poulter

Changes to intestacy rules

With effect from 1 October 2014 the rules governing intestacy – how an estate is distributed when a person who has died has not made a will – have changed. Firstly, if the person who has passed away has a surviving spouse/civil partner and children (or remoter issue), the surviving spouse or civil partner will receive the first £250,000 of the estate plus half of any remaining assets. The other half of the remaining assets will be shared equally among any children, which is a significant change as before 1 October 2014 the c...

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Robin Lloyd

Growth vouchers programme extended

In our last newsletter, Power In Numbers 16, we included an article outlining the government’s Growth Voucher scheme – a £30 million research programme to assist small businesses in accessing professional advice. Since our last newsletter the programme has been extended and is now open to companies with fewer than 250 employees and those who have recently started up a business. The Government is also helping to improve cash flow as businesses will have to find less money up front towards the cost of the voucher.On what kin...

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Andy Miller

HMRC Tax Demands and Repayments - Check yours carefully

If you have received correspondence from HM Revenue & Customs that informs you of either a tax repayment, or requests payment of tax, be sure to check it carefully since it has recently come to light that HM Revenue & Customs has miscalculated the tax bills of up to 100,000 people for the 2013/14 tax year (i.e. year ended 5 April 2014). This follows news in June that over 5 million people paid the wrong amount of tax through the Pay As You Earn (PAYE) system for that tax year – despite the recent introduction of the Real Time In...

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National Insurance - £2,000 Employment Allowance - Reminder

In the March 2013 Budget, the Government announced that, as an incentive to encourage business growth, it was introducing an employment allowance of £2,000 a year for all businesses, charities and community amateur sports clubs with employees whose earnings result in a secondary Class 1 National Insurance (commonly known as employer’s NIC) liability arising. The £2,000 allowance commenced from 6 April 2014 (i.e. the tax year 2014/15) and is intended to be an annual allowance. It is used to offset the Class 1 secondary Nation...

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Power in numbers 17

Power in Numbers 17

Power In Numbers issue 17 is now out and available to download HERE Jonathan Poulter Winchester

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