Fraud is an ever-present danger for any limited company. Has an accountant ever reviewed your company’s financial controls and protect you against Corporate Crime? Twenty years ago, limited companies with a turnover exceeding £350,000 were required to have a statutory audit. This figure has risen over time, with the most recent increase taking it to £10.2m. As a result, for long established small businesses, the annual visit from the auditors is now something of a distant memory. Equally for most more recently established businesses, the statutory audit is not something they have ever considered. Companies below the audit exemption threshold The drop in accountancy fees and the reduction in the amount of time spent preparing documents for accountants has undoubtedly been appreciated by most limited companies which have been exempted, and for many companies the exemption is wholly appropriate. However with a statutory audit no longer required,...
Welcome to the first monthly bulletin of 2018, in this issue we look at (click on titles for links):
- Scottish Draft Budget- Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish government's financial and tax plans.
- Land and Buildings Transaction Tax and First-Time Buyer Relief - The Scottish government announced that they will introduce a new Land and Buildings Transaction Tax relief for first-time buyers.
- Welsh Land Transaction Tax - The Welsh Parliament have announced changes to proposed rates and bands for Land Transaction Tax which is to be introduced in Wales from 1 April 2017.
- Proposals to extend pensions auto enrolment to younger workers - The government has...
In our monthly bulletin we summarise the latest Tax and Business advice and changes to keep you informed. Click on the headings for further information and if you would like to discuss any of the points raised, call us on 01625 669669.
- Interest rates rise - The Bank of England has raised interest rates from 0.25% to 0.5%, the first rate rise in ten years.
- Autumn Budget wishlist - With the Chancellor's first Autumn Budget due to be presented on 22 November, professional bodies and business groups are setting out their Budget wishlists.
- Simple Assessment - HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return.
The Harts monthly newswire has been designed to keep you informed of the latest business and tax issues. Click on titles to read the full article(s) and if you have any questions on any of the points raised, contact us to discuss.
- New timetable for Making Tax Digital - The government has announced a revised timetable for the introduction of Making Tax Digital for Business (MTDfB).
- Taylor Review of employment practices - The long awaited Taylor Review of employment practices suggests that a national strategy is needed to help provide security in such areas as wages, quality of employment, education and training, working conditions, work life balance and the ability to progress at work.
- Automatic enrolment reaches 8 million - The Pensions Regulator (TPR) has...
Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues - click on title to read full articles Please contact us if you have any questions. Remember, we're here to help.
- Queen's Speech and proposed legislation - The Queen delivered the 2017 Queen's Speech on 21 June which set out the government's agenda for the coming parliamentary session.
- Simplifying corporation tax - The Office for Tax Simplification has published their recommendations on simplifying the corporation tax computation.
- Employment Related Securities return deadline - HMRC are advising that there have been technical issues with their Employment Related Securities (ERS) annual returns online service.
- Land Transaction Tax - From April 2018, Land Transaction Tax (LTT) will...
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