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Budget speculation

Speculation is rife that George Osborne is under pressure to pre-empt possible interest rate increases next year by offering tax cuts in the forthcoming Budget announcements on 19 March. Polling day for the 2015 general election is 7 May so an announcement to increase the basic personal allowance (presently £10,000) may be an option as this would feed into taxpayers’ Continue Reading
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Pre Year End Tax Planning Guide

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
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Auto Enrolment Seminar 30 April 2014

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
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Tax Diary March/April 2014

 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
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