PAYE late filing penalties are relaxed by HMRC

HMRC officials have acknowledged that they will start relaxing late filing penalties for people who send PAYE information late. In a statement released on 17 June 2015 they acknowledged that they will take a more proportionate approach and concentrate on the more serious defaults on a risk-assessed basis. This decision relates to their earlier conclusions within[…]

Companies House obligations for newly formed companies

If you have just formed a new company and been appointed as the director there are a number of obligations you should be aware of, two of these being the filing of company documents with Companies House. The documents which Companies House required include: Annual accounts for the company The annual return for the company (Corporation[…]

Auto-enrolment: infrequently asked questions

A guide to the finer points of auto-enrolment. The process of auto-enrolment continues to rumble on quietly with the majority of companies passing their staging dates without major incident. However, for the few that fail to comply with their workplace obligations, the consequences can be costly in time and resources. The Pensions Regulator has released[…]

Your Money: Financial assets drive rise in household wealth

Financial assets such as pensions and shares are driving a rise in household wealth, research by Lloyds Bank has suggested. Based on data from the Office for National Statistics, the study found that total household wealth increased by £1.5 trillion during 2014 to reach £9.1 trillion. Household financial assets accounted for much of the growth, increasing[…]

Small businesses unprepared against digital attacks

More than 4 in 10 small and micro businesses have experienced digital crime, according to a survey by the Association of Accounting Technicians (AAT). The survey of 1,000 business owners with less than 49 employees reveals that 42% have suffered online security issues. Important figures: 23% have had business computers infected by viruses 22% have[…]