Financial Update

Pearson May Financial Update: How the taxman can help you be generous with your staff Christmas party and gifts

November 12, 2019
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Pearson May Financial Update: How the taxman can help you be generous with your staff Christmas party and gifts

It won’t be long before your attention is drawn – if it hasn’t been already – to the annual staff Christmas party. But have you considered the tax and National Insurance implications of laying this on for your team? And what about giving gifts to your staff? After all, there’s nothing more festive than...

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Pearson May weekly financial round-up

November 7, 2019
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Pearson May weekly financial round-up

Bath accountancy firm Pearson May joins Bath Business News each week to bring you the top national finance stories. This week we look at  . . . Corporation tax-planning tips Trends to reduce your company's tax liability in 2019/20. Click here to learn more Auto-enrolment: do you know your duties? 17% of micro-employers aren’t...

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Pearson May weekly financial round-up

October 24, 2019
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Pearson May weekly financial round-up

Bath accountancy firm Pearson May joins Bath Business News each week to bring you the top national finance stories. This week we look at  . . . HMRC set to launch enhanced CEST tool  The Revenue targets release before the end of 2019. Click here to find out more Proposed probate fee system scrapped...

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Pearson May Financial Update: The tax benefits of making pension contributions

October 17, 2019
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Pearson May Financial Update: The tax benefits of making pension contributions

The tax benefits of making pension contributions can be significant and although there have not been any major changes in this area in recent years, it is always useful to recap the main tax benefits, writes Pearson May partner Jacqui Bowden.  Personal pension contributions As a reminder, personal pension contributions made by individuals are...

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Pearson May weekly financial round-up

October 10, 2019
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Pearson May weekly financial round-up

Bath accountancy firm Pearson May joins Bath Business News each week to bring you the top national finance stories. This week we ask  . . . Is your Christmas party exempt from tax?  Qualifying conditions for a tax break on staff annual events. Click here to find out more Could inheritance tax be in...

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Pearson May weekly financial round-up

September 26, 2019
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Pearson May weekly financial round-up

Bath accountancy firm Pearson May joins Bath Business News each week to bring you the top national finance stories. This week we look at  . . . Self-assessment: have you registered?  The deadline to register for self-assessment is on October 5. Click here for what you need to know Campaign builds for business rates...

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Pearson May weekly financial round-up

September 12, 2019
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Pearson May weekly financial round-up

The top national finance stories are brought to you each week by Bath accountancy firm Pearson May in association with Bath Business News. Reverse charge VAT for builders delayed HMRC has announced a 12-month delay – weeks before planned implementation. Click here to find out if this affects you Treasury to review tapered annual...

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Pearson May Financial Update: Tips for minimising Inheritance Tax – lifetime gifts

September 10, 2019
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Pearson May Financial Update: Tips for minimising Inheritance Tax – lifetime gifts

Statistics recently issued by HM Revenue and Customs (HMRC) indicate that in the 2018/19 financial year the average Inheritance Tax (IHT) bill was £200,000.  With the main IHT rate at 40% and the Nil Rate Band (the amount up to which an estate has no IHT to pay) frozen at £325,000 for more than...

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Pearson May weekly financial round-up

August 29, 2019
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . First quarterly MTD for VAT deadline Around 121,000 businesses fell at the first hurdle. Click here for what you need to know Number of non-doms...

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Pearson May weekly financial round-up

August 15, 2019
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Pearson May weekly financial round-up

Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . HMRC repays record sum from pensions tax trap  17,000 savers reclaim £46m in overtax on pension withdrawals Click here to find out if this applies...

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