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Business Leaders Lecture 2014

More than 150 business people have attended the inaugural Rothmans Accountants Business Leaders Lecture, ‘The Pursuit of Excellence’, given by Andrew Ball, Global Communications and Heritage Manager for Rolls-Royce Motor Cars. The audience at last week’s event at the University of Winchester gained an exclusive insight into the secrets of success that lie behind the growth over 110 years of one of Britain’s most renowned global brands. Andrew Bennett, Partner at Rothmans, said: “Andrew Ball’s speech was a...

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Power in Numbers 16

Power In Numbers 16

Power In Numbers issue 16 is now out and available to download HERE Jonathan Poulter Winchester

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Pension auto-enrolment

Auto-Enrolment – Check Your Staging Date

The government introduced measures in the 2008 and 2011 Pensions Acts designed to increase workplace pension saving. Under the “auto enrolment scheme” employers will have to enrol all of their qualifying workers into a workplace pension scheme and the employee will have to actively opt out if they do not want to be a member. Contributions will start at 1% from the employee and 1% from the employer. Once all employers have implemented the scheme, contributions will increase in stages with firms eventually putting forward at...

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National Insurance Employment Allowance

Budget News

The Budget is the most important event in the UK’s economic calendar when the Chancellor announces the government’s taxation and spending plans for the coming year. The main points are summarised here: Annual Investment Allowance (AIA) The maximum amount of the AIA has been increased from £250,000 to £500,000 for all qualifying expenditure on plant and machinery made from 1 April 2014 for corporation tax and 6 April 2014 for income tax. After 31 December 2015 the limit will be reduced to £25,000...

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Growth Vouchers

At the end of January 2014, the government launched a £30 million research programme to assist small businesses in accessing professional advice. The subsidised business support will be delivered in the form of randomly allocated Growth Vouchers, enabling businesses to receive a 50% subsidy towards the cost of obtaining advice on 5 key topics that help businesses to grow. What are Growth Vouchers? Announced by the Chancellor in the 2013 Budget and championed by the PM’s Enterprise Adviser, Lord Young, the Growth Vouchers pr...

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P11D Filing and Class 1A NIC Payment Deadlines

Forms P11D, and where appropriate P9D, which report details of expenses and benefits provided to employees and directors for the year ended 5 April 2014, were due for submission to HMRC by 6 July 2014. Any Class 1A National Insurance liability arising for an employer on expenses/benefits provided to an employee must be paid to HMRC by 19 July 2014 (22 July 2014 where payment is made electronically). Employees pay tax on benefits provided as shown on the P11D, either via a PAYE coding notice adjustment or through the self assessment syste...

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