Monthly Archives: March 2014

We have recently published our 2014 Pre Year end Tax Planning Guide, it can be downloaded from the following link: https://mccleary.wpengine.com/index.php/planning-guides/ It is always a good idea to review your tax arrangements prior to the end of the tax year, 5 April, as planning within the year is usually easier than trying to plan after the event.  If having read this guide Continue Reading

As most employers will already be aware, compulsory Auto Enrolment for staff pensions is approaching fast.  Employers with 50 or more employees need to have a scheme in place by 1 April, while smaller employers will have to register, depending on their PAYE Reference Number, between June 2015 and April 2017.  This legislation imposes significant financial and administrative costs on Continue Reading

 1 March 2014 – Self Assessment tax for 2012/13 paid after this date will incur a 5% surcharge.  1 March 2014 - Due date for Corporation Tax due for the year ended 31 May 2013.  19 March 2014 - PAYE and NIC deductions due for month ended 5 March 2014. (If you pay your tax electronically the due date is Continue Reading

This scheme can be beneficial for businesses that have a low proportion of costs that include a VAT input tax charge, and their business turnover, excluding VAT, does not exceed £150,000. One interesting feature of the scheme is that you do not have to leave the Flat Rate scheme until your annual income, including VAT, exceeds £230,000. The only way Continue Reading