Umar Memon
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Understanding dividends
The chancellor George Osborne wasn’t exaggerating when he said he was undertaking a “major and long overdue reform to simplify the taxation of dividends” in his Summer Budget speech. The current dividend system was set up more than 40 years… Read more Understanding dividends
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HMRC investigations
Anyone who has experienced the difficulty of trying to get through to the HMRC helpline may think that it is an organisation too large and complex to do anything quickly. However, while it may seemingly lack the ability to answer… Read more HMRC investigations
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Promotions and Changes
Each month we comment on the economy, the budget or other business matters. This month’s newsletter is focused on the staff at Jack Ross and JacRox, our online cloud accounting brand. We are very pleased to announce the appointment of… Read more Promotions and Changes
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Making the most of your savings
A guide on how to use your savings to improve your financial position. People often have a slightly misjudged opinion of their savings as a sedentary block of assets that only creeps forward at a glacial pace due to the… Read more Making the most of your savings
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Accounting for change: audits and annual accounts
This article looks at the accounts that companies need to keep. The threshold for compulsory filing of audited financial statements rose on 6 April 2015 to those businesses with a turnover of £10.2 million or more for periods commencing from… Read more Accounting for change: audits and annual accounts
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Small firms gear up for auto-enrolment
Small businesses employing 40-49 workers will begin complying with their auto-enrolment duties from 1 August. The dates when businesses begin complying with auto-enrolment are known as staging dates. From this date employers are required to have enrolled employees onto a… Read more Small firms gear up for auto-enrolment
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Entrepreneurs’ relief changes affect family businesses
Family businesses are being unfairly penalised by changes to entrepreneurs’ relief (ER), according to the Institute of Chartered Accountants in England and Wales (ICAEW) Tax Faculty. The amendments, passed into law through the 2015 Finance Act, prevent retiring partners from… Read more Entrepreneurs’ relief changes affect family businesses
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Government publishes productivity strategy
A plan to improve the productivity of UK businesses has been published by the Treasury. The policy document identifies 2 key areas to stimulating productivity in the UK: long-term investment and a dynamic economy. Among the measures included in the… Read more Government publishes productivity strategy
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UK GAAP: A practical guide to making the transition
A guide to the new accounting standards. Accountants aren’t known for being in the business of change. While the external environment around them and the numbers coming in may change, an accountant brings stability and reliability to a business by… Read more UK GAAP: A practical guide to making the transition
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Financing your business: What are the alternatives?
A guide to alternative business finance. Setting up a business and funding it while it takes its first, unsteady steps in the world can be an expensive proposition. As it grows and becomes more resilient, a successful company will begin… Read more Financing your business: What are the alternatives?