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Claiming Child Benefit helps future pension entitlements
Thousands of mothers are potentially missing out on vital credits towards their future state pension because they are not claiming child benefit. Receiving child benefit for a child under 12 is one way for parents taking time out of work to raise their children to protect their national insurance record, but there is a twist…
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How can I help my children on to the property ladder?
Increasingly, parents are helping their children on to the property ladder. Whilst this isn’t a problem if you have a large pot of cash, clearly this is not the case for most parents.There are however four main options for parents who want to help their children onto the housing ladder without a large deposit available…
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What are the new rules for Benefits in Kind?
The deadline for filing the 2016/17 Return of Benefits in kind (P11D) is 6 July 2017. With the filing deadline almost upon us we thought it would be useful to highlight the main changes in the reporting of benefits in kind for employees that have recently come in to force. EXISTING DISPENSATIONS HAVE BEEN ABOLISHED…
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New global standards for valuations launched
A new set of international valuation standards comes into force from July 2017 with the aim of creating greater consistency, transparency, and confidence in valuations, which are key to investment decisions as well as financial reporting. Despite the importance of the valuations to the financial system there has historically been wide differences in practice between…
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Protect your business from cyber-crime
New online cyber crime training session launches to businesses enabling them to get the latest information on online crime the comfort of their own desks over lunch. In response to increasing concerns from the Warwickshire business community around cyber crime, Warwickshire County Council’s Business Crime Advisor is running an online training session for businesses across…
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CWRT shows how banks and finance providers are minting new links
Coventry and Warwickshire Reinvestment Trust (CWRT) is showing how the high street banks and other business finance providers are finding new ways to work together. It’s all to do with the increased availability of lending and the need to give business owners all possible finance options. And a key driver behind this is thought to…
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Opportunity for private schools and other educational establishments to claim back VAT !
A European VAT decision concerning the VAT treatment of charges made by the college for meals prepared by students as part of their catering studies and for tickets to performances put on by students could be good news for private schools. It is very common for catering colleges and establishments offering courses in beauty and…
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Is knowing someone else is evading tax an offence?
Even if I’m not involved in any wrong-doing? Under legislation set to be introduced under the Criminal Finances Act 2017 businesses will become liable for criminal acts committed by employees who encourage or assist tax evasion by other individuals, e.g. suppliers or customers. Under the new legislation, businesses will be liable even in cases where…
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Is Making Tax Digital going to happen?
This is the question being asked by some commentators following the announcement this week that the 2017 Finance Bill has been cut from 762 pages to just 140. The cull of legislation is as a direct result of the Snap Election called for June and the Treasury has said that the reduced bill includes only…