Tax News - March 2014
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
Donít put off IHT planning until tomorrow
We’ve all put off until tomorrow what we could be doing today. But leaving your inheritance tax (IHT) planning until another day could prove very costly for your loved ones.
RTI penalties to be phased in
HM Revenue & Customs (HMRC) has announced there will be a staggered start to the introduction of Real Time Information (RTI) penalties.
£2,000 national insurance saving coming soon
Employers are reminded to make sure they do not miss out on a £2,000 cut in their employment costs from 6 April 2014.
HMRC highlights benefits of cash basis accounting
Small businesses are being encouraged to consider using an HM Revenue & Customs’ (HMRC) scheme that allows them to be taxed on money flowing into and out of their business, rather than using full accounting rules.
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