Latest News

New Worldwide Disclosure Facility launched by HM Revenue & Customs

HM Revenue & Customs (HMRC) has announced the creation of a new Worldwide Disclosure Facility (WDF) that will allow people to ensure their affairs are correct before the Common Reporting Standard (CRS) comes into force on in October 2018.

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More than a third of companies unaware of apprenticeship levy

New research from the British Chambers of Commerce (BCC) has revealed that more than one in three businesses have not heard of the apprenticeship levy.

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Accountants Lichfield

News - January 2014

From Autumn Statement to winter payment: SMEs set to profit in 2014

Small and medium-sized enterprises (SMEs) featured heavily in Chancellor George Osborne’s Autumn Statement on December 5, namely the much welcomed announcement of a business rates cap and tailored tax reliefs to small firms.

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Rule changes to directors' loan accounts

Effective immediately, HM Revenue & Customs (HMRC) have introduced a new rule in regards to directors' loan accounts.

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Start-ups made easier as restrictive names list is reduced

A third of a list of 'sensitive' start-up business names that otherwise would have been subject to approval before official registration has been cut by the Department for Business, Innovation and Skills (BIS).

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Electronic prompt issued from HMRC to help employers with PAYE

A friendly online reminder designed to help employers keep up to date with their Pay-As-You-Earn (PAYE) has been introduced by HM Revenue & Customs (HMRC). The electronic message informs the employer that they have not sent one or more of the Full Payment Submissions (FPS) that were expected for the last month. Acting as a prompt, it plainly states that an FPS is due each time their employees are paid.

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Self-assessment faces paperless future

Self-Assessment (SA) is set to be transferred completely online in a bid to make the process easier for the individual, HM Revenue & Customs (HMRC) has announced.

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How accountants can set start-ups off on the right foot

According to research carried out by the ACCA (Association of Chartered Certified Accountants), the majority of start-up SMEs (small to medium-sized enterprises) do not seek professional financial advice in favour of cutting costs and doing it themselves. However, in the midst of a turbulent economy, accountants can be the nurturers start-ups need to grow.

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Over 2 million people say "I'm in" to automatic enrolment!

The automatic enrolment scheme, devised to ensure people have a better chance at a comfortable retirement by saving into a workplace pension has seen great success, as the Pensions Regulator announce over two million people have opted in to automatic enrolment.

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Peter Hearne Associates Limited - Accountants in Lichfield
2 Parkside Court, Greenhough Road, Lichfield, Staffordshire, WS13 7FE.
Tel: 01543 250888 | Fax: 01543 250535 | Email:
VAT no: 705 1249 65 | Company registration no: 04207720

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