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Salhan Accountants Newswire
February 2025

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

 

Press Releases

 
Editors Choice Award – CEO insights
 

We are delighted to announce that Dr. Anjulika Salhan has been selected to receive the Editor’s Choice award from CEO Insights (visit them at https://www.ceoinsightsindia.com). This award recognizes outstanding leaders who have demonstrated innovation and excellence across several key parameters while delivering high levels of customer satisfaction. It is an annual distinction that showcases the… Read more…

 
PA Chartered Accountants acquired by Salhan Accountants
 

Salhan Accountants are delighted to announce the acquisition of PA Chartered Accountants and we warmly welcome Paul and all the clients he brings with him. PA Chartered Accountants, which has been led by Paul Alton, has a strong client base in the Midlands and offered an advisory service to families and businesses and a consultancy… Read more…

 
Launch of Xpert Training
 

We excited to announce today the launch of Xpert Training – https://xpert-training.xyz/ With the economy suffering, the job market has never been so competitive. Potential employees need to stand out from the crowd if they hope to secure a position. Alternatively, many individuals are turning to self-employment, creating their own position. With this in mind,… Read more…

 

Business News

 
IMF upgrades UK’s economic outlook
 

The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%. As well as upgrading its outlook for the UK, the IMF suggested the UK economy would perform better than… Read more…

 
UK economy returns to growth as inflation dips
 

The UK economy grew for the first time in three months in November, according to the Office for National Statistics (ONS). ONS figures showed an expansion of 0.1% in GDP after the economy shrank in each of the two previous months. But the figure was lower than economists had expected, with declines in manufacturing and… Read more…

 
Employment plan will harm jobs, warns small firms
 

Small firms fear the new Employment Rights Bill will harm recruitment, according to a survey by the Federation of Small Businesses (FSB). The research shows that 92% of small employers have concerns about measures in the Bill. One of the main concerns cited in the Bill is changes to unfair dismissal legislation, which would expand… Read more…

 
UK firms expecting slowdown
 

UK firms are expecting to reduce both output and hiring this quarter, according to a survey conducted by the Confederation of British Industry (CBI). Activity has been flat or falling since the middle of 2022, reflecting a prolonged period of stagnation. The survey suggested that sentiment among businesses dipped in the aftermath of the Government’s… Read more…

 
Pension reforms to ‘unlock billions’ for government growth agenda
 

New rules that will give more flexibility over how occupational defined benefit pension schemes are managed, according to the government. The government said this will remove blockages that are inhibiting its growth agenda. Approximately 75% of schemes are currently in surplus, worth £160 billion, but restrictions have meant that businesses have struggled to invest them.… Read more…

 
CIOT calls on government to rewrite unfair VAT rules
 

The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise. The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to the Exchequer occurs. This power was omitted from… Read more…

 
Government commissions review of the Loan Charge
 

The government has commissioned an independent review of the Loan Charge. The Exchequer Secretary to the Treasury made a Written Ministerial Statement announcing that Ray McCann, a former President of the Chartered Institute of Taxation, would lead the review. The review will examine the barriers preventing those who are subject to the Loan Charge but… Read more…

 
Parliamentary watchdog accuses HMRC of deliberately ‘degrading’ phone services
 

Parliament’s spending watchdog has accused HMRC of deliberately running down its phone services to force people to go online, according to a report. The Public Accounts Committee’s (PAC) report into HMRC’s customer service levels found that the average call waiting time has passed 23 minutes. It also found that 44,000 customers were cut off without… Read more…

 

Key Dates

19 February 2019 – Deadline for postal payments remittance of PAYE, NICs and CIS to HMRC.

22 February 2019 – Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.

1 March 2019 – New Advisory Fuel Rates (AFR) applies for company car users.

Payments of PAYE and NI must reach HMRC by the 19th of the month following the tax month in which the salary payment was made if paying by cheque, or by the 22nd of the month if paying electronically. Please note that if the 19th or 22nd falls on a weekend or bank holiday, payment must reach HMRC on the last working day before the weekend or holiday.

 

Winner of Midlands Accountancy Firm of the Year 2014
 

Birmingham Office: 3rd floor, 54 Hagley Road, Edgbaston, Birmingham, B16 8PE
T: 0121 455 7475 or 0121 794 0620

Droitwich Office: 5 Victoria Square, Droitwich WR9 8DF | T: 01905 953005

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