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Rothmans talk tax

Rothmans talk tax

Rothmans are proud to present their first Tax Tv clip. These will be produced quarterly alongside Power In Numbers. Take a look at the first clip in which they discuss inheritance tax and estate planning. www.rothmansllp.com/join-the-debate.php

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Venus Awards New Business Winner Announced

Venus Awards 'New Business' Winner Announced

The winner of the New Business Award category, sponsored by Rothmans, in the Venus Awards for Hampshire women in business, is Nikki Jones owner/director at Academy Studios, Romsey. Nikki was presented with her award by Sue Sullivan after winning the Final at an Awards Ceremony held at the Grand Harbour Hotel in Southampton. Nikki spent 3 years dreaming of opening the Studios, battling with local planners to get change of use on an industrial unit. Academy Studios has been open almost 2 years now and has become a thriving successful venue f...

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Changes to the PAYE system

The biggest PAYE changes in 70 years now in force

In April, the HMRC introduced a new way of reporting PAYE, known as Real Time Information (RTI). Heralded as the biggest alteration to the PAYE system in nearly 70 years, there was some formidable media speculation in the run-up to its introduction about whether the changes would create the PAYE equivalent of the ‘Millennium Bug’. So how successful has the transition to the new system been so far? We asked Habib Brora, a partner at Rothmans Eastleigh. “Some providers, such as Sage and QTAC, were inundated with calls...

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A budget for business

A budget for business?

A budget for business? Many tax practitioners initially commented that the 2013 budget didn’t contain much encouraging news for business. On reflection, a few weeks later, armed with all the facts and the Finance Bill going through Parliament there were in fact many measures which could have a positive impact on business in the months and years ahead. As seems to be the trend in recent budgets, many announcements were for tax years after 2013/14, as well as a significant number having been announced earlier. The b...

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Employment Particulars

Employment particulars

The government has updated the template of written employment particulars. www.gov.uk/government/publications/employment-particulars-written-statement-form The template is an example of a written statement of employment particulars which meets the requirements of employment law. Where an employee is employed for more than a month the employee must be given a written statement of employment particulars. Obviously this only covers the bare minimum of information that most employers will require. Rothmans can make referr...

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P11D deadline approaching

P11D deadline approaching

Reporting employee benefits and expenses The forms P11D, P11D(b), and where appropriate P9D, which report employees and directors benefits and expenses for the year ended 5 April 2013, are due for submission to HMRC by 6 July 2013. Employees pay tax on benefits and expenses as shown on the P11D, either via a PAYE coding notice or through the self assessment system. In addition, the employer pays Class 1A National Insurance contributions at 13.8% on the provision of most benefits. HMRC have issued some guidance on the common er...

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