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Big changes afoot for dividend tax from April

Tuesday, March 8th, 2016

Many of those seeking out our personal and business taxation expertise are likely to be especially interested in finding out how they will be affected by the major changes set to take effect from 6 April 2016 to how dividends will be taxed. What changes are taking place? The aforementioned date will see the abolition […]

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Is your company making the most of Research and Development (R&D) tax relief?

Tuesday, March 8th, 2016

Although the Research and Development (R&D) tax credit scheme has existed in the UK since 2000, the period since 2008 has seen a significant ramping-up of its scope, leading to many more claims from companies eager to gain tax benefits from their innovation. As the name of the scheme suggests, R&D tax relief reduces companies’ […]

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Could shock new tax changes spell the end of buy-to-let?

Wednesday, February 3rd, 2016

  Many landlords have been left reeling by Chancellor George Osborne’s announcement, made in the summer Budget, that they will be facing increasingly hefty tax increases over the next few years. The new tax regime is complex, but increasingly clear is its potential to severely disrupt the buy-to-let market.   The new tax changes in […]

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New tax rules are coming – here is what buy-to-let landlords need to know

Wednesday, February 3rd, 2016

  Chancellor George Osborne announced a raft of significant tax changes for buy-to-let landlords in the summer Budget; however, such was their complexity that it took months for these changes and their implications to be properly understood. Basically, the changes are going to see landlords paying much more in tax than previously. Therefore, it is […]

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What does your company need to know about auto-enrolment?

Monday, December 21st, 2015

By 2018, all companies in the UK will be required by law to enrol their employees into a pension scheme. But for many firms, the ‘staging date’ – the date on which these obligations come into force –  will come much sooner than that. It begs a series of questions, such as: do you know […]

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What to consider when starting up a business

Thursday, December 17th, 2015

  You won’t need the experts here at Accounting People to tell you that starting a business is far from straightforward – there is a huge amount of preparation involved in setting up a company that will have the best possible chance of succeeding. Why does your business exist at all? “To give me a […]

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Outsourcing your accounts Vs. In-house

Friday, September 18th, 2015

Should your business look after its own accounts, or outsource that responsibility to another company? The answer is not a simple one. In fact, it can depend on a huge variety of factors, but here at Accounting People we can ease your decision-making on this issue by pointing out the most crucial factors to consider […]

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How vital is secure accounting in all businesses?

Thursday, September 17th, 2015

Regardless of the size of your business, a secure accounting system is vital when it comes to protecting your valuable data. From business startups to established corporations, confidential business information should always be kept safe and secure. One of the best ways to ensure your business is protected from any data breaches is through cloud […]

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Accounting People aim to be the best at what they specialise in

Wednesday, June 24th, 2015

There is an old expression that refers to someone who is able to multitask as a jack of all trades, but a master of none. In simple terms, it is possible to be good at everything, but never brilliant at one thing in particular. Well here at Accounting People we have tried to improve a […]

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We’ve broadened our horizons here at Accounting People

Thursday, June 18th, 2015

We can imagine that many of you think all of us here at Accounting People just sit behind desks all day looking at legers and figures, and reconciling row after row of numbers. Yes, to a degree that is part of the work we do, but that is more what you might class as bookkeeping. […]

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Accounting People – not just understanding accountancy but understanding your business too

Sunday, June 14th, 2015

Our role as accountants at Accounting People is as wide and varied as you could possibly imagine. We are fortunate enough to have a wide cross-section of clients ranging from individual self-employed people right through to substantial businesses. In addition, because we are London accountants, we become involved in some exceptionally complicated businesses. To be […]

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House price growth continues to slow

Thursday, April 16th, 2015

Latest figures from Nationwide building society show that UK house prices increased more slowly in March. Average increases were just 0.1% but some areas of the UK show that house prices are lower than they were in January. Chief Economist at Nationwide, Robert Gardner, said: “While house price growth has moderated across the UK, there […]

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Financial firms remain optimistic, say business groups

Thursday, April 16th, 2015

The Confederation of British Industry (CBI) and PwC have released figures from their latest survey of financial services firms in the UK. Director of Economics at the CBI, Rain Newton-Smith, said: “This quarter was a mixed picture for the financial services sector. Firms remained upbeat as profits held up, despite weak growth in business volumes […]

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Global aspects included in Bank stress test

Thursday, April 16th, 2015

The Bank of England (BoE) is set to perform its annual stress test on UK banks to establish their ability to withstand another financial crash. Following talks with the International Monetary Fund (IMF) the BoE will be focusing more on external factors over a five year period, major shocks such as Eurozone crises were deemed […]

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Corporation tax change comes into force

Thursday, April 16th, 2015

The rate of corporation tax has fallen from 21% to 20%, following a series of tax changes which came into effect on 1 April. The reduction means the UK now has the joint lowest rate of corporation tax in the G20. The coalition Government has been steadily cutting the rate of corporation tax, which was […]

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New Shared Parental Leave rules trigger mixed responses

Thursday, April 16th, 2015

Businesses have given a mixed response to the new Shared Parental Leave rights, which apply to the parents of babies due or adopted on or after 5 April 2015. Under the regulations, eligible new parents are able to choose how to share a “pot” of time off work in order to look after their children, […]

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British manufacturing continues to grow

Wednesday, April 15th, 2015

According to recent figures on the Purchasing Manager’s Index (PMI), which indicates manufacturing performance, UK industry has seen month-on-month growth for the past two years. PMI surveys are carried out by Markit Economics, based on feedback from selected companies, with the latest results beating expectations in the month of March. Senior Economist at Markit, Rob […]

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New pension changes come into effect

Tuesday, April 14th, 2015

As of 6 April, individuals aged over 55 have been given new pension freedom, allowing them to decide what to do with their savings. The changes allow those entering retirement – around 320,000 individuals per year – to cash in their pension pots instead of having to buy an annuity. While an annuity offers a […]

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CBI survey suggests that UK growth is accelerating

Monday, April 13th, 2015

New figures from the Confederation of British Industry (CBI) suggest that the British economy expanded by 0.7% in the three months to March, compared to 0.6% in the previous quarter. The CBI expects growth to continue to accelerate in the first half of 2015. Deputy director general Katja Hall said: “The outlook for 2015 looks […]

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Small Business Act becomes law

Sunday, April 12th, 2015

The Small Business, Enterprise & Employment Act has received Royal Assent, and became law on 26 March this year. The Act is designed to boost economic growth through the creation of small businesses, improving access to finance and putting an end to exclusivity clauses in zero hours contracts. Business Secretary Vince Cable said: ‘Small businesses […]

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Pre-election pledges ‘damaging’ to UK tax system, warns IFS

Sunday, April 12th, 2015

Tax plans being put forward by both Labour and the Conservatives in the run-up to the General Election risk having a ‘long-term malign influence’ on the economy, the Institute for Fiscal Studies (IFS) has warned. Specifically, the think-tank claims that proposals from both main parties to cut tax relief on pension savings have the ‘potential […]

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Supermarkets show recovery in sales

Saturday, April 11th, 2015

Like-for-like retail sales have shown a strong recovery over the past year, according to retail experts. The British Retail Consortium (BRC) and KPMG have released figures showing a 3.2% rise in sales for March compared to the same month in 2014. Food sales in particular show their largest increase since July 2013. But Head of […]

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UK inflation remains at 0% but analysts dismiss fears of deflation

Saturday, April 11th, 2015

Official figures from the Office for National Statistics (ONS) show that the UK’s inflation rate remained at a record low of 0% in March. It is the second successive month that Consumer Prices Index (CPI) inflation has been at zero – and February’s figure was the lowest since estimates of the measure began in the […]

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New tax year, new rules: changes to business and personal tax

Friday, April 10th, 2015

With spring upon us and a new tax year just beginning, a number of previously announced changes are coming into force. These may affect your personal taxation or business concerns, so be sure you’re up to date with the latest legislation. Here we provide an overview of some of the major changes for 2015/16… Corporation […]

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IMF issues warning over UK deficit

Friday, April 10th, 2015

As political parties continue to put forward their pledges ahead of the forthcoming General Election, the International Monetary Fund (IMF) has warned that the next Government could face difficulties balancing the public finances, forecasting that the economy will still be in deficit in the final year of the next Parliament. At the time of the […]

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Accounting People

Accounting People