Archive for June, 2016

Pension Annual Allowance struck by tapering

Posted by Steve Tucker on

The amount of tax-relief an individual can receive on pension savings each year is restricted by an ‘annual allowance’. For the majority of earners, the savings figure is £40,000, plus any unused allowance from the previous three tax years. ...

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Gender debt gap revealed

Posted by Luke Venner on

A new report reveals that men and women become bankrupt for different reasons, demonstrating a gender gap on debt. The most common causes of bankruptcy among men are job loss or business failure, whilst for women its relationship breakdowns or ...

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Brexit and VAT

Posted by Wendy Andrews on

Bishop Fleming’s VAT Director provides some initial guidance on VAT and Brexit. VAT is a “European tax” and was introduced in the UK as part of our original accession to the Common Market in 1973, but it is also one of the largest revenue ...

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Brexit Briefing note

Posted by Bishop Fleming on

The UK’s decision to leave the EU will have implications for businesses, individuals, the economy and the tax system. However, it is important to remember that the UK economy is essentially strong, competitive and ready for business, and that we ...

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Charities must follow fundraising code

Posted by Andy Wood on

Charities are being reminded of the need to follow the fundraising code when approaching the public for donations. The Fundraising Standards Board (FRSB) has found an animal welfare charity to be in breach of the Code of Fundraising Practice ...

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Auto enrolment for small employers

Posted by Lee Hellingsworth on

The Pensions Regulator is reminding employers that even if they only have one member of staff, who is employed on a temporary basis, who earns less than the qualifying threshold of £10,000, and who doesn’t need to be automatically enrolled into ...

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New accounting solutions package launched for GPs

Posted by Bishop Fleming on

Following considerable research to ensure we are recommending the best possible software to our GP clients, we have launched a new accounting solutions package. The new cloud-based package is designed to take away the pain of accounting and ...

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