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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News - March 2016

Companies must record PSCs

From 6 April 2016, the Small Business, Enterprise & Employment Act 2015 is introducing new rules on identifying and recording who owns and controls UK companies and LLPs.

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What would Brexit mean for UK SMEs?

According to a report called The New Internationals from commercial insurer RSA, the UK’s SMEs are EU-dependent, with 82 per cent seeing European markets as important to their future growth. Some 52 per cent say it is very important whilst 24 per cent describe themselves as a European business.

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Changes to the buy-to-let property market

The buy-to-let market is set to change following Chancellor George Osborne’s announcement last November that landlords would pay a three per cent Stamp Duty Land Tax (SDLT) surcharge, with effect from 1 April 2016. 

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Cap on workplace pension contributions sparks concerns

Some of the UK’s biggest companies are said to be preparing to impose a £10,000 a year cap on workplace pension contributions; a sharp reduction from the current £40,000 annual allowance.

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Are you ready for the upcoming changes to dividends?

Dividends have been a very tax-efficient way of making savings in National Insurance Contributions (NIC) and Income Tax contributions for a number of years, with many business owners and shareholders choosing a smaller salary, plus an additional remuneration package paid as dividends.

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SMEs face lean cashflow months

A study by Hitachi Capital Finance has revealed that the UK's small businesses can expect three tough periods in 2016 when cashflow will be restricted.

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Business taxes have pushed the UK to a critical 'tipping point', CBI warns

The creation of new business taxes risks undermining the economic recovery, the Confederation of British Industry (CBI) has warned.

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Lending to SMEs grows for the first time since the recession

A comprehensive survey conducted by the British Business Bank has revealed that lending to small and medium-sized businesses in the UK is growing for the first time since the financial crisis began.

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Peter Hearne Associates Limited - Accountants in Lichfield
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Tel: 01543 250888 | Fax: 01543 250535 | Email:
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