All employers will recognise that remaining compliant with Employment Tax legislation can be a major headache. Where all that is provided is a wage or salary, compliance is relatively easy – PAYE and NIC are deducted via the payroll. But where expenses are reimbursed or benefits in kind are provided it can be difficult to decide the correct treatment. To compound this, the notoriously complex Employment Tax legislation changes constantly, so the correct tax and NIC treatment in one year may be incorrect the following year. Read the rest of this entry »
Latest News
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Employment Tax Compliance – Are You At Risk?September 2nd, 2010 |
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Could you benefit from a £50,000 ‘NIC holiday’?August 9th, 2010The Emergency Budget on 22 June announced a significant change to the tax system, the introduction of a National Insurance Contributions (NICs) holiday for new businesses. The NIC holiday is aimed at providing new businesses with a substantial reduction in their Employers’ NIC and is targeted at selected areas of the UK, including the North East, Yorkshire and the North West.  Richard Whitelock, Tax Consultant |
 Name: Duncan |
All Change – Again!August 6th, 2010The recent Budget underlined the fact that our economy is in a mess. Tax rises and spending cuts only add to the general gloom. The picture in the residential buy to let market seems to be one of depressed values (possibly, slowly recovering) but, by and large, healthy occupancy and rent levels. Those lucky enough to be enjoying low interest rates may feel better off, provided the extra cash is dealt with wisely. Read the rest of this entry » |
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Leading Role at Cancer CharityAugust 5th, 2010Alan Sidebottom, a director with leading Yorkshire chartered accountants Garbutt & Elliott, has been appointed a trustee of Yorkshire Cancer Research (YCR). Read the rest of this entry » |
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Business Leaders Support Tax and Finance PlansJuly 26th, 2010This article appeared in the York Press on Wednesday July 21, 2010. The coalition Government’s plans for business finance and tax simplification have got support from York business leaders. Jeremy Oliver, corporate finance director for York accountancy firm Garbutt & Elliott, said the Government’s planned Green Paper on access to finance for businesses could be “very significant indeed” after Business and Enterprise Minister Mark Prisk pledged to develop long-term support measures for small businesses. Read the rest of this entry » |
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International Exam Success for Yorkshire AccountantJuly 26th, 2010A Yorkshire accountant has become among the first 100 people in the world to gain a new international qualification in corporate finance. Tariq Javaid, a corporate finance manager who joined accountants and business advisers Garbutt & Elliott in 2007, has passed the Corporate Finance qualification (CFq). Read the rest of this entry » |
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Decline in property values presents inheritance tax opportunitiesJuly 5th, 2010The economic climate continues to paint a pretty depressing picture for property prices and statistics published by the Nationwide suggest that a property in the Yorkshire region which had a value of £300,000 only two years ago has now dropped in value by about 10 per cent down to £270,000. Read the rest of this entry » |
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Emergency Budget June 2010 – A SummaryJune 23rd, 2010George Osborne has opened his very own Pandora’s Box. We now have a clearer idea of his public expenditure cuts and tax changes. This update provides an initial summary of some of the tax changes. We will provide more detail as it becomes available. Read the rest of this entry » |
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Emergency Budget Podcast SummaryJune 23rd, 2010Following the widely anticipated Emergency Budget, Nigel Shaw, Head of Private Clients summarises the key points from George Osborne’s ‘Budget for Recovery’. Click here to listen to the podcast highlights. Read the rest of this entry » |
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Practical help for the family business – what do we mean by a demerger?June 17th, 2010One matter that often arises in the life of a family company is a need to re-organise and separate out its operations. This might be needed to allow different family members to take parts of the business in different directions, or to isolate valuable assets from trading risks, or for reasons of tax efficiency. The question is whether a demerger of the business can be achieved without creating unacceptable tax consequences. Read the rest of this entry » |
