Blog

Since 2003 our Government has collected more than £45bn in stamp duty receipts from British householders buying homes across the UK. The figures disguise a massive increase in the impact of stamp duty land tax (SDLT) over this period as the volume of property purchases and sales has actually fallen by 45%. Ten years ago sales were 1.7m properties, in Continue Reading

HMRC are considering changes to the tax rules for partnerships. Changes arising will be included in legislation that will be effective from 6 April 2014. HMRC’s formal consultation closed 9 August 2013 and consideration is now being applied to the following issues: Disguising employment relationships through Limited Liability Partnerships, and Certain arrangements involving allocation of profits and losses among partnership Continue Reading

Many businesses are unaware that the National Minimum Wage (NMW) rules are monitored by HMRC. There are consequences if you fail to pay employees NMW rates. Currently, the rates set 1st October 2013 apply. They are: 21 and over - £6.31 per hour 18 to 20 - £5.03 per hour Under 18 - £3.72 per hour Apprentice - £2.68 per Continue Reading

Congratulations to Neil Ferguson and Elizabeth Laverty, on passing their Final Admittance Exams.  They will shortly be admitted to ' Chartered Accountants Ireland' as members, bringing McCleary & Co.'s compliment of fully qualified Chartered Accountants to seven. Qualifying as a Chartered Accountant is a long hard road, that involves huge time commitment, so well done again and we hope both Neil and Continue Reading