In April 2017, businesses are expecting to receive the first indication of their new business rates following the latest revaluation. Although many businesses are expecting small falls in business rates, around a third are expecting very sharp rises. Around a fifth of these, mainly located in the South East where property prices are higher, are… Read more…
From 1 April 2017, the statutory wage for employees in the UK is to increase. The change will mean that those aged 25 and over in receipt of the National Living Wage will see their hourly rate increase from £7.20 to £7.50. Meanwhile, workers aged 21–24 will also see an increase of 10p from £6.95… Read more…
On 6 April 2017 new rules will come into force that will require large Limited Liability Partnerships (LLPs) and large companies to publish reports on their payment practices. The Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 and The Reporting on Payment Practices and Performance Regulation 2017 will require these businesses to… Read more…
In recent years more families are finding themselves subject to Inheritance Tax as a result of growing property prices. Currently individuals are each entitled to pass on £325,000 of wealth tax-free each, regardless of whether or not they own a property, while married couples and civil partners are entitled to share the allowance boosting their… Read more…
A request under the Freedom of Information Act has revealed that just 1,300 people have claimed National Insurance (NI) credits, which can help them ensure their entitlement to the full state pension when they reach retirement age, if they have left employment to care for grandchildren or other relatives under the age of 12. With… Read more…
From 5 May 2017, the old paper £5 note will no longer be legal tender and may not be accepted in shops and could be refused by banks. After this date retailers and banks need only accept or swap old notes at their own discretion. The new ‘plastic’ notes are already widely in circulation, but… Read more…
If you buy and use cars in your business, you can claim capital allowances on their value, allowing you to deduct part of the value from your pre-tax profits using writing down allowances. The amount that you can deduct depends of the CO2 emissions of the car, whether it is new or second hand, when… Read more…
HM Revenue & Customs (HMRC) has been accused of using small and medium-sized businesses to plug the UK’s tax gap, following a report which showed an additional £468 million was generated in tax revenue by SMEs in 2016. The figure, obtained via a Freedom of Information Request, follows on from HMRC’s announcement at the end… Read more…
The UK’s large army of small businesses will soon be able to switch their accounts between banks more easily, following changes to bank competition rules. The Bacs Payment Scheme, the organisation responsible for the majority of the UK’s automated payments, has agreed to implement a number of improvements to make the retail banking market more… Read more…
Salhan Accountants
is a System Holdings Company
|
© 2026 Salhan Accountants Limited - Accountants in Birmingham and Droitwich Sitemap Privacy Policy Cookie Policy Terms Company Number 04555307. Telephone calls may be recorded for quality and training purposes. |