Shared parental leave was implemented just over a year ago, but new figures show a conflicting picture. Depending on what statistics you look at take-up has been quoted at anything between 1% and 30%. One thing that is clear, is that there is still a lack of knowledge, both from the employer and the employees […]
When you need to set up a PAYE scheme may seem confusing, but here are three common scenarios where employers need to ensure they are complying with PAYE regulations: As an employer you do not need a PAYE scheme if you pay yourself or an employee under the Lower Earnings Limit (LEL) (for Tax Year […]
Are you married or in a civil partnership? Is one of you a non-taxpayer? Is the other partner a basic rate tax payer? If the answer to all of these questions is yes, you may be entitled to claim the marriage tax allowance. The marriage tax allowance allows the non-tax paying partner to transfer […]
Whitesides has recruited two new members of staff for their growing Horsforth office. Adam Fox joined Whitesides as our new office manager from a large high street retailer where he spent 6 years working as a manager in their Finance and Operations section. Adam will be responsible for the smooth running of the office, ensuring […]
Last week I was asked twice about keeping records – which made me think perhaps it should be the next topic for my blog. So what records do individuals and businesses need to keep, and for how long? HMRC require all businesses (whether sole traders, partnerships or limited companies) to keep and retain […]
As accountants, we often get asked by our clients how to pay corporation tax. Reference To pay your corporation tax you will need your 17 character Corporation Tax payslip reference for the accounting period you are paying. The reference number can be found by logging into your company’s HMRC online account and going to “view […]
The latest budget was billed as the budget for “the next generation”, but there was plenty of good news for small business owners too, here are a few of the headline points. Business Rates Following significant lobbying from small business groups, George Osborne announced that from next April, the rate at which small business rates […]
What is the confirmation statement? From June 2016 companies will no longer have to submit an annual return to Companies House, instead they will submit a confirmation statement. Unlike the annual return, companies will be able to submit a confirmation statement any time they wish. They will however, have to make the statement at least every […]
This year Whitesides are sponsoring a barrel at the Horsforth Beer Festival on 25 – 27 March. The beer festival is being held at the Horsforth Hall Park Cricket Club and will have 40 different beers and ciders, entertainment and food. For further details of the Beer Festival, including directions visit their website here.
In the summer Budget, the chancellor George Osborne announced major changes to the current tax legislation which applies to dividend income. From 6 April 2016 there are 4 main changes coming into effect: The 10% dividend tax credit will be abolished. Individuals will have a £5,000 a year tax-free dividend tax allowance. This allowance will […]
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