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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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Retirement and Pensions Update

Retirement and pensions update

Retirement and pensions update Recent months have seen a significant number of government announcements concerning retirement and pensions. A round-up of some of the main planned changes are as follows:- Flat rate pension The government has published a white paper announcing plans to introduce a single-tier, flat rate pension of £144 per week commencing in 2017 at the earliest. The reforms would simplify the current system of basic and additional state pension credits, which Pensions Minister, Steve Webb, descri...

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Rothmans 2013 budget seminar

Rothmans 2013 budget seminar

More than 150 people attended our popular annual budget seminar for private and business clients, held on 2 April at the Ageas Bowl, Southampton. Once again, the audience was entertained by Giles Mooney, who brought the budget alive in his uniquely humorous and informative style. Giles is a chartered accountant and chartered tax adviser who specialises in training and, at this time of year, uses his skills to analyse the complex detail of the annual budget, picking out and making relevant key points and opportunities for people...

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RTI challenge hits businesses

RTI challenge hits businesses

Businesses are now experiencing the new HMRC ‘Real Time Information’ (RTI) system which was implemented on 6 April 2013. The major change affects all payroll schemes and most businesses will have spent time in previous months planning for its implementation. Businesses are now submitting payroll information on line each time an employee is paid, and many are finding it an increased administrative burden. A Full Payment Submission (FPS) provides HMRC with much of the information that it would previously only receive ann...

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Sponsored Walk

Sponsored Walk

On Saturday 14 September 2013, Rothmans staff will be taking part in the Alzheimer’s Society Memory Walk, a sponsored 10k walk around the Southsea coast. The walk will follow the seafront towards the magnificent Historic Dockyards, passing many sites of interest along the way including Clarence Pier, the iconic Square Tower and Gunwharf Quays. Rothmans are anticipating a great turnout following the success of last year’s walk at Beaulieu for Marie Curie Cancer Care, where nearly 100 attendees consisting of Rothmans sta...

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Rothmans Accountants make Comic Relief count

Rothmans Accountants make Comic Relief count

Everyone always hops to it at Rothmans for Comic Relief and tax specialist, Kevin Brinkman, at our Eastleigh office was one busy bunny on Red Nose Day. In what started off as a dare, Kevin rashly declared that he would dress up in a onesie (plus rabbit ears) for the day if our team at the Eastleigh office reached his target bid of £50. In the event, we raised more than £240 to see our giant rabbit burrowing away at his work throughout the day, even attending client meetings, as shown in these pictures – where he is...

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