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Comments Off on Change to Persons of Significant Control (PSC) Notifications

Change to Persons of Significant Control (PSC) Notifications

Change to Persons of Significant Control (PSC) Notifications

From April 2016, the vast majority of UK limited companies have been required to create and maintain a register of people with significant control. Commonly known as the PSC register, this includes details of who ultimately controls or exercises significant influence upon the company. From 30 June 2016, every company has also needed to submit … Continued

Comments Off on Company car advisory fuel rates from 1 June 2017

Company car advisory fuel rates from 1 June 2017

Company car advisory fuel rates from 1 June 2017

HMRC has published revised advisory fuel rates for company cars, applying from 1 June 2017. The rates are to be used only where employers either reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel. These rates apply from 1 June 2017. You can use … Continued

Comments Off on HMRC computer isn’t always correct

HMRC computer isn’t always correct

HMRC computer isn’t always correct

HM Revenue and Customs have acknowledged that their software and some commercial software used by accountants doesn’t always come up with the right amount of tax payable! You may have seen this reported in some newspapers such as the Daily Telegraph. This arises because the tax system of different income tax personal allowances, dividend allowances, … Continued

Comments Off on Firms plan to offset rising costs

Firms plan to offset rising costs

Firms plan to offset rising costs

More than half of businesses are planning to offset rising prices, according to a study by ICAEW. 53% of firms have seen input prices increase over the past year but less than half are willing to absorb the costs. Businesses cited the following reasons for rising prices: rise in raw materials (35%) cost of services … Continued

Comments Off on Expenses and benefits deadline looms

Expenses and benefits deadline looms

Expenses and benefits deadline looms

Expenses and benefits not payrolled for the 2016/17 tax year will need to be reported to HMRC by 6 July 2017. Employers can report them by completing specific forms which are available to download on the HMRC website. There are 2 forms to complete – P11D and P11D(b). What to do You need to fill … Continued

Comments Off on Tell HMRC about shares and options in your company by 6 July 2017

Tell HMRC about shares and options in your company by 6 July 2017

Tell HMRC about shares and options in your company by 6 July 2017

It is time to file your employment related securities (ERS) tax return with HMRC. The deadline is 6 July 2017. What to report? All employers have to file annual tax returns reporting grants, lapses, exercises and awards of shares or share options during the tax year 6 April 2016 to 5 April 2017 (the tax … Continued

Comments Off on Now recruiting – Trust Senior

Now recruiting – Trust Senior

Now recruiting – Trust Senior

We have an opening for an ambitious individual to join our Trust Department. Ideally the person concerned should be looking to develop personally and to assist the Trust Manager and the team in growing the Department and looking for new opportunities within the existing client portfolio. The role is full time but 4 days a … Continued

Comments Off on Trading down Pension entitlement and Review of Pension Pots

Trading down Pension entitlement and Review of Pension Pots

Trading down Pension entitlement and Review of Pension Pots

As most people these days change jobs during their lifetime it is also common for people to build up a collection of different pension pots, making it difficult to keep track. A study by Aegon found that, of the 62% of people who have multiple pensions, more than a fifth (21%) have lost track of … Continued

Comments Off on Why we’ve partnered with FUTRLI software

Why we’ve partnered with FUTRLI software

Why we’ve partnered with FUTRLI software

Traditionally accountants help with your figures in a historical and reactive way. They would review what happened last month, quarter or year. At BWMacfarlane we’re not in business to be traditional. Our number one priority is you, your business and helping you to make the most of the figures. We want you to achieve greater … Continued

Comments Off on New Data Protection rules – General Data Protection Regulation (GDPR)

New Data Protection rules – General Data Protection Regulation (GDPR)

New Data Protection rules – General Data Protection Regulation (GDPR)

On 15 December 2015, the European Parliament, Council and Commission reached agreement on new data protection rules, establishing a modern and harmonised data protection framework across the EU. The Regulation was adopted by the European Parliament on 14 April 2016 with the new rules becoming applicable after two years to all members of the EU. … Continued

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