Archive | September, 2011

AWR – everyone ready for the end of the world?

AWR – everyone ready for the end of the world?

It’s happening on Saturday and no, I don’t mean Scotland beating England by eight points. Although that would be fun for us Welsh. No, Saturday is the day the eagerly anticipated Agency Workers Regulations come into force.

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Contractor accountants may see more of their clients’ records checked

Contractor accountants may see more of their clients’ records checked

Earlier this year, HMRC began a pilot scheme to check the business records of small businesses.

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High street banks are frightening off small businesses

High street banks are frightening off small businesses

A lot of small businesses and accountants for contractors are too scared to approach their bank for a loan and instead they are hoarding money that could be put to use growing their business, according to a new report from the Bank of England.

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Tax gap shrinks but we shouldn’t become complacent

Tax gap shrinks but we shouldn’t become complacent

The tax gap shrunk slightly to £35 billion over the last 12 months, according to the latest data from HMRC.

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Should contractor accountants be prepared for a decade of low salary increases?

Should contractor accountants be prepared for a decade of low salary increases?

Employees, including contractor accountants, should be prepared to see their salaries increase at a much slower rate over the next decade than they did in the noughties, according to the CIPD’s chief economic adviser, John Philpott.

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Figures on IR35 DO exist. So who’s kidding who?

Figures on IR35 DO exist. So who’s kidding who?

As well as being technically proficient, independently minded and a bit intolerant of rigid work patterns, we’re also a tolerant bunch, us contractors. You kind of get used to having to dig out the truth from the often intentional obfuscation you get from the agencies, the client, the civil service and a host of other places.

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Self-assessment tax fraud leads to two year jail sentence

Self-assessment tax fraud leads to two year jail sentence

A South African has been sent to jail after being found guilty of a £1 million self-assessment income tax fraud.

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HMRC’s High Net Worth Unit rakes in £247 million in 2 years

HMRC’s High Net Worth Unit rakes in £247 million in 2 years

Two years ago, HMRC set up the High Net Worth Unit to look into the personal tax affairs of the UK’s wealthiest citizens; a move which appears to have paid dividends.

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Are top contractor accountants getting salary increases above rate of inflation?

Are top contractor accountants getting salary increases above rate of inflation?

The issue of executive pay and bonuses could be back in the spotlight following a report from Deloitte which shows that many executive directors are receiving above average salary increases.

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EFG has £600 million to lend, so why isn’t it lending?

EFG has £600 million to lend, so why isn’t it lending?

Syscap, the independent finance provider, has said that lending under the Enterprise Finance Guarantee scheme fell by 42% over a 12 month period.

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Winning?

Winning?

I’ve been having a rather quiet week, for some reason, although there have been two notable successes. Work seems to have hit one of those periodic phases where I’ve done all I can and am now waiting for assorted other (and rather more busy) people to review what I’ve been doing.

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Why don’t accountants plan for their own retirement?

Why don’t accountants plan for their own retirement?

Although they are good at giving financial advice to others, chartered accountants seem to be surprising lethargic when it comes to planning for their own retirement.

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