Posted on 01 May 2012. Tags: female accountants, FTSE, ons, salary
More than 50% of female accountants believe they are held back because of their gender and this affects their chances of promotion and their salary. Only 12% of men think they are disadvantaged in the same way, according to a recent study by Marks Sattin.
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Posted on 30 April 2012. Tags: daily penalty, hmrc, immediate payment, overdue tax, penalty letters, Real Time Information, self-assessment form, tax liability, taxpayers
HMRC has got it wrong yet again! 12,000 taxpayers have received penalty letters demanding the immediate payment of overdue tax even though the department had already reached an agreement with those concerned that there was no need for them to fill in a self-assessment form.
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Posted on 27 April 2012. Tags: Contractor accountants, fraudsters, hmrc, prison sentence, VAT, Vat fraud
Contractor accountants should be in no doubt that HMRC will track down fraudsters wherever they may be.
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Posted on 26 April 2012. Tags: Contractor accountants, daily penalties, hmrc, penalties, self-assesment, tax liabilities, tax owing, tax return
HMRC has issued a reminder to everybody, including contractor accountants, who have still to file their tax return for 2010-11 that daily penalties will start accruing if it is not returned before the first of May.
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Posted on 25 April 2012. Tags: EU, hmrc, invoicing, legislation, online accountants, VAT
You may be aware that new EU cross-border invoicing and VAT directives come into force in 2013, but there is now concern that these are open to interpretation.
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Posted on 24 April 2012. Tags: Contractor accountants, Goldman Sachs, high court, hmrc, national insurance, national insurance contributions, taxman, UK Uncut, unpaid taxes, whistleblower
Contractor accountants may be interested to learn that UK Uncut, the activist group that is against the government’s spending cuts, has won the right to take HMRC to court over its dealings with Goldman Sachs.
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Posted on 23 April 2012. Tags: employers, end-of-year PAYE, hmrc, PAYE, payroll providers, pension providers, personal tax, pilot scheme, Real Time Information, RTI, taxed correctly, taxpayers
HMRC is moving forward with its plans to implement Real Time Information and has received the first set of returns from its pilot scheme.
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Posted on 20 April 2012. Tags: contact centres, Contractor accountants, end-of-year payroll, hmrc, litrg, Low Income Tax Reform Group, redundancies, small business owners, tax year
Contractor accountants will probably agree that HMRC should do something to improve the time it takes to answer incoming calls at its contact centres.
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Posted on 19 April 2012. Tags: Chacellor of the Exchequer, Contractor accountants, hmrc, ICAEW, reform tax policy, RTI, RTI pilot scheme, tax collection, tax system, tax year
The ICAEW has warned the Chancellor of the Exchequer, George Osborne, that the standard of service at HMRC could drop if its headcount decreases in line with his remit.
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Posted on 18 April 2012. Tags: contractors, Crunch, Crunch solo, Free accounting software, freelancers, hmrc, micro-businesses, Solo accounting software, tax liability
Now here’s an offer you won’t want to miss! Free accounting software! Yes, it’s true; contractors, freelancers and micro-businesses can now use Crunch’s online Solo accounting software completely free of charge.
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Posted on 17 April 2012. Tags: Accountants, accountants for contractors, contractors, EEA, employment, EU member state, freelancers, hmrc, Iceland, Liechtenstein, national insurance, NIC&EO, Norway, self-employed, social security, Switerland, treaty of Amsterdam, UK based staff, UK employers, UK NICs
It’s possible that accountants for contractors might have some clients who work in Switzerland. They should therefore be aware that HMRC now treats Switzerland as an EU member state for the purposes of Social Security.
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Posted on 16 April 2012. Tags: CIS returns, Contractor accountants, corporation tax, easter holidays, financial year, Forum of Private Business, fpb, hmrc, IT systems, new tax year, online services, PAYE, pension schemes and child trust funds, self assessment, stamp taxes, tax calendar, VAT
Most contractor accountants probably agreed with the FPB when it criticised the Revenue for closing down its online services throughout the Easter holidays.
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