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The Government has launched another consultation, with the likely intention being to discourage shareholders and director’s loans within small companies and encourage remuneration by increasing salary or dividend. Currently, director’s loans unpaid at the end of the company’s accounting year, attract an additional corporation tax charge equal to 25% of the loan outstanding (unless the
14
March
2013
From April 2013, a phased introduction of Real Time Information (RTI) will see all employers required to submit payroll data to HM Revenue & Customs online on or before payments credit employees’ bank accounts, rather than at payroll year end. HMRC will tell you the date from which your business should submit RTI returns. This
08
March
2013
You can be profitable and still be bankrupt.
Unfortunately, for millions of small- and medium-sized businesses, there is no bailout or rescue plan if you run your accounts down to £0 while still owing money, no matter how profitable you are.
Planning and monitoring your cash flow is the only way to be successful and stay in business.
15
January
2013
Addicus Chartered Accountants are delighted to be the new shirt sponsor for Taunton’s College Academy of Sport – Football. Taunton’s College has an outstanding reputation for college football. There are three Hampshire U/19 County Colleges men’s teams and a women’s team, playing both 11 and 5 a-side football in the Hampshire Colleges league. They also