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Monthly Archives: May 2016

State benefits that are taxable

Many newly retired pensioners may not be aware that the State Pension they receive is taxable income. Also, the amount paid is not taxed at source. Although a pensioner’s State Pension may be covered by their annual tax-free personal allowance … Continue reading

Posted in Business

Small businesses take on more staff

According to new government research published recently shows that almost a quarter (24%) of small and medium-sized (SME) employers had more people working for them in 2015 than in 2014. The Small Business Survey 2015 is based on the views … Continue reading

Posted in Business

HMRC issues warnings and advice regarding fraudulent emails

There is a continuing misuse of emails and SMS messages that purport to be from HMRC asking questions about your tax and encouraging recipients to part with their personal information and bank details. HMRC have recently issued guidance, intended to … Continue reading

Posted in Business

UK tax to be simplified

The UK has one of the most detailed tax codes in the developed economies. Readers might be amused, bemused, that the so-called Office of Tax Simplification (OTS) has launched a high level strategy consultation that aims to move its tax … Continue reading

Posted in Business

Two thirds of large UK businesses experience computer hacking

Nearly seven out of ten attacks on all firms involved viruses, spyware or malware. Record £1.9bn government investment to protect UK but industry must act to help protect themselves New National Cyber Security Centre will launch in the autumn 2016 … Continue reading

Posted in Business