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New rules in company law needs tackling

Business owners have to prepare for a change to company legislation that requires them to register individuals with ‘significant control’ over the company. Under the proposals, which have been laid down in the Small Business, Enterprise and Employment Act 2015, all businesses that are not subject to specified separate disclosure requirements must now create and […]

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New dividends rules a radical change to the system

As the musings over the recent budget continues one of the big questions we’ve found ourselves being asked in recent weeks is the effect the new dividend structure will have on tax payers. From April 2016, new rules are set to come into effect but at the moment basic-rate tax payers are not required to […]

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Home accountancy needed to stop living beyond means

The importance of good accountancy can never be overstated. Having advised countless businesses over many years the ones who prosper are those who tend to keep a close eye on the purse strings. Equally, we have from time to time needed to tell businesses that there are some serious issues with what they are spending. […]

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Bullish chancellor delivers a budget for business

George Osborne in delivering the first totally Tory budget in almost 20 years has given us in business a reason to be optimistic. The cutting of corporation tax shows his intention to get Britain very much in gear, but inevitably the new National Living Wage will be a concern for some employers, who will be […]

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Make 2015/16 a happy new tax year

Make 2015/16 a happy new tax year May we at AIT be one of the first to wish you a happy new tax year. Whilst the start of the new financial year goes in far less noticed than Jan 1st it can be more significant for some. Now UK companies will pay a lower rate […]

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Missing self-assessment deadline proving a costly mistake

The final deadline for the 2013/14 tax year is looming and there are instant financial penalties for missing it. Although an estimated six million people have filed their return so far, around another five million still haven’t done so with just a couple of weeks remaining before the midnight deadline on January 31. And we […]

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Statistics showing reasons to be optimistic for 2015

New figures show that wage growth in the UK is picking up and as we all get ready for the festive break, it is heartening for the year ahead. The  numbers from the Office for National Statistics (ONS) indicate in the August to October period average earnings excluding bonuses were up 1.6% from a year earlier. […]