Posts Categorised: News

Fundraising Regulator for Charities

New body to maintain standards for charitable fundraising Our charity clients will be interested in the introduction of the Fundraising Regulator, a body established following concern about the way in which charities contact potential donors. The regulator is tasked with developing a register of organisations who have signed up to its code of practice, investigating poor practice,… Read more »

Self-Assessment Return Documentation

What documentation do you need? Filling in the tax return forms might be straightforward. Having the right information is the challenge. The deadline for online submission of your self assessment returns is coming up fast.  If you haven’t completed your return (and there are some clear benefits for submitting your tax return early) then remember… Read more »

Autumn Statement 2016

Small Business Highlights New Chancellor, Phillip Hammond, has made his first formal statement of intent for the country’s finances after the EU referendum. At a strategic level the government has promised greater investment in both infrastructure (e.g. £1.1bn extra investment in local transport networks in England and £220m to reduce traffic pinch points) and housing (e.g…. Read more »

Tax Free Christmas Gifts

HMRC spreads some Xmas cheer As of 6th April 2016 employers can provide staff with some “trivial” benefits in kind, tax free.  The rules were designed to allow companies to give small gifts at Christmas or for birthdays.  They save employees from having to report the benefit on their P11D, or employers dealing with tax and… Read more »

Payroll News November 2016

There have been some important changes recently in payroll-related subjects that you need to know about.   Auto Enrolment Pension You are probably aware that Auto Enrolment applies to all employers however large or small. If you haven’t started the process of setting up a workplace pension yet, remember that Lewis Smith & Co. can help…. Read more »

Holiday Pay and Annual Leave

Are you up to speed on the rules? This is an area that has caused concerns for many employers and is something that is constantly changing as tribunal rulings and new legislation are updated. Currently the statutory holiday leave for a full-time employee is 28 days, while part-time employees’ entitlement is adjusted pro-rata. By law employers… Read more »

Online Payslips

Another step forward in business digitisation This is a new, digitally secure way of sending payslips to your employees. By law you have to give your employees a payslip. By using the online payslips system, your employees will all receive their weekly/monthly pay information directly (by electronic means). Should they lose copies, all previous payslips… Read more »

VAT MOSS compliance

Follow the rules for Electronically Supplied Services in the EU If you offer electronically supplied services such as information downloads and eBooks to consumers in the EU then you need to follow the VAT rules.  Since January 1st 2015 VAT needs to be calculated on the basis of the appropriate rate in the purchaser’s country…. Read more »