Double – Cab Pickups (DCPU) Tax Treatment    22 - 11 - 2024

; ; The tax treatment of Double-Cab Pickups is changing from April 2025.  Read More...



Autumn Budget Newsletter    06 - 11 - 2024

; ; ; ; ; As anticipated the Autumn Budget introduced some significant changes to the UK tax system.     Read More...



Company Pension Contributions and the Budget on 30.10.2024    23 - 10 - 2024

Consider making your employer pension contributions prior to the Budget announcement on 30 October 2024.  Read More...



HMRC to revert to paper P87 Forms To Prevent Fraudulent Expense Claims    10 - 10 - 2024

; ; HMRC will require taxpayers to revert to paper P87 Forms to claim tax relief on employment expenses from 14.10.24.   Read More...



Thinking Of Becoming A Sole Trader?    04 - 10 - 2024

; ; ; ; ; Thinking of becoming a Sole Trader? Becoming self employed could be easier than you think.  Read More...



Companies House Update On Authorised Corporate Service Providers (ACSPs)    19 - 09 - 2024

; Companies House have released further information on Authorised Corporate Service Providers (ACSPs).   Read More...



Fraudulent Letters Claim To Be From HMRC    28 - 08 - 2024

; ; Beware of fraudulent letters claiming to be from "Indv and Small Business Compliance” at HMRC.    Read More...



Making Tax Digital (MTD) for Income Tax    12 - 08 - 2024

MTD for Income Tax is due to start being phased in from April 2026.    Read More...



HMRC asking Agents to Check 2022/23 Tax Returns For Errors    02 - 08 - 2024

HMRC is asking agents to check their clients’ 2022/23 Self Assessment Tax Returns for inaccuracies.    Read More...



Income Tax Self Assessment Second Payment On Account Due By 31 July 2024    05 - 07 - 2024

Don’t forget the Self Assessment second payment on account deadline of 31 July 2024.    Read More...



Class 2 NI Refunds Received In Error From HMRC    28 - 06 - 2024

; ; ; Have you received an unexpected refund of your 2022/23 Class 2 NI voluntary contributions?   Read More...



P60 End Of Year Certificates Due By 31 May 2024    13 - 05 - 2024

Employers should provide their employees with their 2023/24 P60 by 31 May 2024.  Read More...



Welcome to the New Tax Year 2024/25!    08 - 04 - 2024

06 April 2024 was the first day of the 2024/25 tax year which runs until 05 April 2025.    Read More...



HMRC Stopping Paper Notifications For Tax Repayments    04 - 04 - 2024

; HMRC will cease to sent paper notifications of tax repayments from 08 April 2024.  Read More...



Changes To The High Income Child Benefit Charge from 06 April 2024    27 - 03 - 2024

Families may wish to reconsider claiming Child Benefit from 06.04.24 as limits have increased.  Read More...



Changes to UK Company Law affecting Companies House March 2024    19 - 03 - 2024

The first Confirmation Statements that require a Registered Email Address and Statement of Lawful Purpose are due to be filed today. See below for the recent changes to UK company law at Companies House.  Read More...



Wrexham Business Show 2024    08 - 03 - 2024

We will be exhibiting at the Wrexham Business Show on Tuesday 12 March 2024.  Read More...



Deadline Approaching For Parents To Claim Backdated Bereavement Support    05 - 02 - 2024

The deadline of 08 February 2024 for bereaved parents to claim backdated financial support is fast approaching.  Read More...



Statutory Payments for 2024/25    22 - 01 - 2024

Statutory Payments for the 2024/25 tax year have been confirmed.  Read More...



Class 1 National Insurance Contributions Reduced from 06 January 2024    09 - 01 - 2024

From 06 January 2024 Class 1 Employee NIC has been reduced from 12% to 10%.   Read More...



HMRC Takes Action On Tax Repayment Agents    08 - 01 - 2024

HMRC has taken further steps to protect taxpayers that use repayment agents.  Read More...



Income Received From An Online Source    04 - 01 - 2024

As of 01 January 2024 the information provision for online trading has changed. Online operators are now obliged to collect and provide details of transactions to HMRC. Online platforms, such as Uber, Vinted, Airbnb, eBay etc. will be affected.   Read More...



Christmas Tax Filing!    02 - 01 - 2024

To bring in the New Year here are a few 2022/23 Self Assessment Tax Filing Facts from HMRC:  Read More...



Holiday Opening Hours    22 - 12 - 2023

; We wish everyone an enjoyable festive break and look forward to working with you in 2024!   Here are our opening hours over the holiday period:   Read More...



Government Gateway Phishing Emails    14 - 12 - 2023

Beware of emails supposedly from the Government Gateway providing a confirmation code to confirm your email address.  Read More...



December Opening Hours 2023    04 - 12 - 2023

; Our opening hours over the festive period will be as follows:  Read More...



Autumn Statement 22.11.2023 Summary    27 - 11 - 2023

On 22 November 2023 the Chancellor of the Exchequer, Jeremy Hunt, presented his Autumn Statement to the Houses of Parliament. The Statement is an opportunity for the Government to announce any proposed tax changes and give an updated economic forecast.   A summary of the main tax announcements is noted below. Please do not hesitate to contact Foremans LLP if you have any questions regarding items not addressed:   Read More...



2022-23 Paper Self Assessment Tax Returns    18 - 10 - 2023

As we approach the 2022/23 Self Assessment paper filing deadline of 31 October 2023 please be aware of the following:  Read More...



Free Yourself From The Tax Man!    05 - 10 - 2023

Get your 2022/23 Self Assessment Tax Return completed by the experts!  Read More...



Second Payments On Account for Self Assessment Due 31.07.23    10 - 07 - 2023

The deadline of 31 July 2023 for 2022/23 second payments on account is approaching  Read More...



HMRC Has Introduced Self-serve Time To Pay Arrangements for VAT    07 - 06 - 2023

VAT payment plans can now be arranged online if your business meets certain criteria.     Read More...



VAT Registration Helpline to Close from 22 May 2023    17 - 05 - 2023

From Monday 22 May 2023 HMRC will close the VAT Registration Helpline.  Read More...



Expenses Workshop at The Wrexham Enterprise Hub    11 - 05 - 2023

Our next workshop at The Wrexham Enterprise Hub will be all about Expenses!  Read More...



Digital Filing of Self Assessment Tax Returns    12 - 04 - 2023

From 06 April 2023 the paper form Self Assessment Tax Return is no longer available to download from HMRC.  Read More...



Christmas Opening Hours    23 - 12 - 2022

See our opening hours over the festive period below:  Read More...



Autumn Statement 17.11.2022 Summary    18 - 11 - 2022

The Chancellor of the Exchequer presented his Autumn Statement on 17 November 2022.  Read More...



Research & Development Tax Credit Scheme    17 - 11 - 2022

HMRC is making a concerted effort to target fraudulent Research & Development tax credit claims.    Read More...



HMRC Service Levels    16 - 11 - 2022

HMRC have published data showing that service levels remain below targets.  Read More...



Bank of England Raises Interest Rates    03 - 11 - 2022

; The Bank Of England has raised interest rates from 2.25% to 3.00%. This is the 8th consecutive increase since December 2021 and the largest single increase since 1989.  Read More...



'Mini Budget' Summary    10 - 10 - 2022

;What is included in the the Government's 'Mini-Budget'?  Read More...



Repeal of the Off-Payroll Working Rules from April 2023    26 - 09 - 2022

; ; ; ; The Chancellor has announced that the Off-Payroll Working rules will be repealed from April 2023.  Read More...



Office Closure on Monday 19th September 2022    14 - 09 - 2022

; Our office will be closed on Monday 19th September 2022 for the state funeral of Her Majesty Queen Elizabeth II.  Read More...



Her Majesty, Queen Elizabeth II 1926 - 2022    08 - 09 - 2022

We are deeply saddened by the passing of Her Majesty, Queen Elizabeth II.  Read More...



Extension to the Recovery Loan Scheme    24 - 08 - 2022

; A new version of the Government's expiring Recovery Loan Scheme (RLS) has been announced as part of plan for economic recovery post COVID-19. Phase 1 of the Recovery Loan Scheme ceased on 30 June 2022.  Read More...



World Password Day 05.05.2022    05 - 05 - 2022

Today is World Password Day! Celebrated on the First Thursday of May each year - this year falls, today, 05 May 2022.   Read More...



Homes For Ukraine Scheme    06 - 04 - 2022

The Government has launched a scheme to help those wishing to help sponsor Ukranians to live in the UK.  Read More...



Statutory Sick Pay Rebate Scheme - Update    18 - 03 - 2022

Due to the ongoing issues with the Omicron COVID variant and the heightened levels of sickness affecting business the UK Government reintroduced the Statutory Sick Pay Rebate Scheme (SSPRS) with effect from 21 December 2021 onwards.   Following the relaxation of the COVID-19 isolation requirements in England and Scotland the SSPRS will close on 17 March 2022. Any new claims for absences up to 17 March 2022 must be submitted by 24 March 2022. Any amendments to claims must also be submitted by 24 March 2022.  ;   Read More...



Understanding PAYE Tax Codes    25 - 02 - 2022

; What is a tax code?   A tax code is assigned to you by HMRC, and it is applied to your earnings under the Pay-As-You-Earn (PAYE) scheme. The tax code should reflect your personal allowances and allow HMRC to collect IncomeTax due for a tax year evenly over that tax year so that the take home pay is consistent over the tax year.   Read More...



Supporting Locate a Locum    25 - 01 - 2022

Join us as we support our friends at Locate a Locum, for an introductory webinar for Locum Optometrists. This evening @ 6:30pm. To join, register @ locatealocum.com #optometrist #locatealocum #selfemployed #smallbusinessbritain   Read More...



Statutory Sick Pay Rebate Scheme    06 - 01 - 2022

Due to the ongoing issues with the Omicron COVID variant and the heightened levels of sickness affecting business the UK Government is reintroducing the Statutory Sick Pay Rebate Scheme (SSPRS).    Read More...



Super-Deduction and Other Temporary First-Year Capital Allowances    30 - 11 - 2021

The Autumn Budget in October 2021 introduced some new levels of capital allowance. The aim is to help business to rebuild and invest following the Covid-19 Pandemic.   Read More...



Employees Company Cars Taxation    26 - 11 - 2021

Employees being provided with company cars for personal use are taxed based on a Benefit In Kind (BIK) value. There are two possible BIK values; one for the provision of the car; and one for the provision of the fuel. Since 06 April 2020 we have seen the UK government introduce some tax exemptions for electric and ultra low emission vehicles (ULEV’s) as they encourage the use of electric vehicles.   Read More...



Employer Company Electric Car Taxation    26 - 11 - 2021

The provision of a company car as part of remuneration for an employee has recently become more favourable for both employers and employees in terms of the taxation being applied. The UK government is promoting the widespread use of electric and Ultra Low Emission (ULEV’s) vehicles as part of its drive for a greener future.    Read More...



Electric and Ultra Low Emission Company Cars    26 - 11 - 2021

The UK government is promoting the use of electric and Ultra Low Emission (ULEV’s) vehicles as part of their drive to zero carbon emissions. One of the measures included in that plan is to reduce the Benefit In Kind (BIK) percentages applicable to electric cars provided by employers to employees.   Read More...



10 Simple Steps to start a Business    12 - 10 - 2021

; ; We share 10 simple steps to help you build a successful business of your own:   Read More...



Establishing a Special Purpose Vehicle (SPV) Limited Company    12 - 10 - 2021

Establishing a Special Purpose Vehicle (SPV) company for your growing property business.   Read More...



Tax support for Locum Optometrists    11 - 10 - 2021

Optometry in the UK. With 74% of people in the UK currently wearing corrective eyewear or have undergone laser eye surgery to improve their vision, demonstrates the British publics’ attitude to eye health. The UK needs a constant stream of optometry professionals to meet the increasing demands of a longer living & ageing population.   Read More...



Coronavirus Job retentions Scheme Ends    30 - 09 - 2021

The Coronavirus Job Retention Scheme (CJRS), or Furlough Scheme, ends today.  September 30th
;   Read More...



National Insurance Increase April 2022    24 - 09 - 2021

The UK Government has announced that National Insurance (NI) rates on earnings will be increased on 06 April 2022.    Read More...



Dividend Tax Increase April 2022    24 - 09 - 2021

The UK Government has announced that the income tax rate on dividends will be increased as of 06 April 2022.    Read More...



Considering Self Employment    21 - 09 - 2021

For many entrepreneurs setting up in business, using sole trader status seems the simplest and quickest way to get going.    Read More...



Advisory Fuel Rates for employees at 01 September 2021    13 - 09 - 2021

The Advisory Fuel Rates that apply to company employees including company directors that apply from 1st September 2021.  Read More...



NIC tax changes announced 07-09-2021    08 - 09 - 2021

07/09/21:   The UK government has today announced a 1.25% rise in National Insurance Contributions from April 2022. The increase is intended to fund an additional £12 billion a year to be spent on the NHS and social care in the UK.    Read More...



Loan Charge update    07 - 09 - 2021

Labour Party Ministers, “Late to the Party” Steve Packham, founding member of the Loan Charge Action Group acknowledges that although “late to the party”, action being taken by Sir Keir Starmer and the Labour Shadow Treasury to meet and discuss the “true injustice” of the Loan Charge and the heavy-handed HMRC approach is most welcome.   Read More...



Online Banking issues    20 - 08 - 2021

Today is proving difficult to access bank accounts. Technical problems being investigated.  Read More...



The most common items claimed on VAT returns    06 - 07 - 2021


As a Limited company, registered for VAT, it’s important that you reclaim VAT wherever this is allowed. The question of when VAT is recoverable and when it isn’t, is very common amongst newly established Limited companies It’s important to note that this only applies if you’re registered on the Standard Rate VAT scheme; you can’t reclaim VAT on your expenses if you’re registered on the Flat Rate VAT scheme.
  Read More...



A Five Step Plan for Worry Free Personal Self Assessment Tax Returns    23 - 06 - 2021

The sun is shining, and we all have more freedoms than we did 12 months ago. The last thing on your mind will be that dreaded Self Assessment tax return. However, we are going to try in a few words to bring that lovely return back into your focus and help make it less of a chore!    Read More...



Town Centre Entrepreneurship Fund launched:- Welsh Government    17 - 06 - 2021

A Town Centre Entrepreneurship Fund has been launched by the Welsh Government, which will run as a pilot programme. The fund will provide financial assistance in the form of a discretionary grant of between £2,500 and £10,000 per qualifying business, for the revenue costs associated with starting up or relocating in one of the following four town centres across North Wales:   Read More...



Coronavirus Bounce Back Loans (BBLS) update    04 - 06 - 2021

Bounce Back Loans (BBL) were intended to provide financial support to businesses during the coronavirus pandemic who were:   Were losing revenue, and seeing cash flow disrupted, as a result of the Covid-19 outbreak Could benefit from £50,000 or less in finance.
The scheme opened in May 2020 and closed on 31 March 2021.   Read More...



Tax avoidance - don't get caught out    26 - 05 - 2021

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Debt Respite Scheme    11 - 05 - 2021

The Debt Respite Scheme (Breathing Space), launched May 4th gives someone in problem debt the right to legal protections from their creditors. (courtesy HM GovUK)   Read More...



Umbrella Payroll or Limited Company    10 - 05 - 2021

You have been working through an umbrella company on various contracts and now wish to  start contracting through your own limited company, there are a few steps you will need to take to ensure any changeover you take goes smoothly.   Read More...



Special Purpose Vehicle (SPV) Companny    07 - 05 - 2021

As the pandemic has impacted peoples lives, clients have been looking at broadening their savings/assets. Many have been looking at property investment as a way forward. We advise on a case by case basis, but if this is something your considering read our 'Advice Note' below on a Special Purpose Vehicle (SPV) Company which we hope you find interesting.  Read More...



Awareness of Bounce Back Loan repayment options    07 - 05 - 2021

First Bounce Back Loan repayments are due to start in June for many borrowers Around a third of businesses plan to make the standard repayments. Just 5% intend to take the full six-month repayment holiday available.   Read More...



Sole Trader, Why you should use an Accountant    28 - 04 - 2021

When it comes to big decisions in life, we usually have a lot of questions. This is definitely the case when it comes to deciding on working for yourself. Whatever reason prompts you; you want to know how to do it right.   Read More...



VAT registration    27 - 04 - 2021

Will my company need to be registered for VAT?   Read More...



Flat Rate VAT Scheme    27 - 04 - 2021

What is the Flat Rate VAT (FRV) Scheme? The Flat Rate VAT scheme is beneficial to small businesses as it simplifies the calculation of their VAT by applying a flat rate percentage to their VAT inclusive turnover. The flat rate percentage applied is determined by whether the business is classed as a Limited Cost Trader or, if not, the trade sector into which a business falls for the purposes of the scheme. Flat rate percentages are lower than the current standard VAT rate of 20%.    Read More...



Tax Rates and Allowances 2021/2022    27 - 04 - 2021

Income Tax Rates   What is changing.    The new Income Tax year starts on 06 April 2021. Employers will need to use new PAYE Calculators and Tax Tables from 06 April 2021 to reflect the changes in Income Tax rates, National Insurance percentages and bandwidths.   Read More...



Directors' Loans    27 - 04 - 2021

What is a Directors’ Loan?   Where a director removes funds from his company which are not for recorded and/or taxed payments, i.e. wages, expenses and dividends, the value is treated in the company accounts as a loan to the director.   Read More...



Dividend Taxation    27 - 04 - 2021

Are the dividends I receive taxable?   Yes.   Income tax is calculated on your total taxable income. Add your income from dividends to your other taxable income   Read More...



IR35 Rules explained (original June 2019)    10 - 03 - 2021

With more focus on IR35 rule and off payroll working, our advice note from June 2019, explains the rules.  Read More...



Off-Payroll Working Rules (updated)    10 - 03 - 2021

Off-Payroll Working Rules   A major change regarding the responsibility for applying the off-payroll working (IR35) rules to contracts made in the “Private Sector” will be applied from 06 April 2021.    Read More...



Off-Payroll Working Rules    01 - 03 - 2021

Off-Payroll Working Rules   A major change regarding the responsibility for applying the off-payroll working (IR35) rules to contracts made in the “Private Sector” is now due to be applied from 06 April 2021   Read More...



Self assessment payment Plans    19 - 02 - 2021

Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by 1‌‌ April.   Read More...



Off Payroll Working    16 - 02 - 2021

What has changed?   The Government introduced changes to the rules determining who are classified as “off payroll” workers in the public sector in April 2017. The rules are being extended to cover all “large” businesses from 01 April 2021. The off-payroll working rules are similar to the IR35 tests and are frequently being referred to as “failing IR35”. The confusion arises from the fact that the IR35 rules are used to determine whether the off-payroll working rules apply.   Read More...



Construction Industry Scheme (CIS) Domestic VAT Reverse Charge    09 - 02 - 2021

What is the CIS Domestic Reverse VAT Charge? 
The CIS Domestic Reverse VAT Charge has been designed by HMRC to prevent fraud where some traders are receiving VAT from their customer, but not reporting or paying it to HMRC. Where the reverse charge applies, customers within the construction industry receiving the supply of construction services must pay the VAT due on those services directly to HMRC rather than to the supplier.   Read More...



Advisory Fuel rates    05 - 02 - 2021

The AFRs apply to employees, including company directors, using a company car. Current rates apply from 01 December 2020. You can use the previous rates for up to 1 month from the date the new rates apply   Read More...



The Self-employment Income Support Scheme (SEISS) Deadline To Claim Third Grant Fast Approaching    26 - 01 - 2021

The deadline of 29 January 2021 for claiming the third SEISS grant is fast approaching.   Read More...



Company Vehicle Taxation    21 - 01 - 2021

  Read More...



Marriage Allowance    07 - 01 - 2021

What is the Marriage Allowance?   The Marriage Allowance is a tax allowance introduced for married couples and those in civil partnerships.   Read More...



Economic Operators Registration and Identification Number (EORI Number)    01 - 01 - 2021

Following the UK leaving the European Union businesses transacting between the UK and the EU may need to use an Economic Operators Registration and Identification number to transfer goods across borders. The systems only became active on 01 January 2021 and as such are still being developed. The information below is meant to provide general advice regarding the new procedures. We would recommend contacting us if you need more specific advice.    Read More...



SEISS claim 3 November-January    30 - 11 - 2020

SEISS amended conditions may affect taxpayers The SEISS claims portal reopens today Monday 30 November, but taxpayers must declare their trade has been impacted by reduced demand before they claim the third grant.   Read More...



New Welsh Government Guidelines    30 - 11 - 2020

#163;340m support for Welsh businesses as new coronavirus rules announced   Read More...



Announcement of the 2021 National Living Wage and National Minimum Wage rates.    26 - 11 - 2020

The Government has today announced the National Living Wage (NLW) and National Minimum Wage (NMW) rates which will come into force from April 2021. It accepted in full recommendations made by the Low Pay Commission at the end of October.   Read More...



Tax avoidance - don't get caught out    26 - 11 - 2020

Some contractors who have been caught up in tax avoidance schemes have asked us to share their stories as a warning to others. They were promised higher take-home pay, lower tax bills and less paperwork. Instead, it cost them time, money and stress. These stories are based on real people’s experiences, but personal details have been withheld to protect their identity.   Read More...



CJRS extension    02 - 11 - 2020

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Winter support scheme    22 - 10 - 2020

Rishi Sunak, the Chancellor has just announced changes to the financial support available for businesses through the winter support schemes from 01 November 2020.  In Brief. Job Support Scheme   The business contributions will be reduced and the Government contributions increased. The employee will now need to be working for at least 20% of their usual hours (previously 33%). The employer will now pay 5% of usual hours not worked (previously 33%). The Government will pay 61.67% of the usual hours not worked (previously 33%).     SEISS   Grants for the self employed have been doubled to 40% of previous earnings, with a maximum grant of £3,750 per month for the first grant period (November 2020 – January 2021).   Grants   Business grants are being expanded, particularly for the worst-affected sectors (hospitality, accommodation and leisure). Clients should also keep an eye on their local authority websites as it will be up to Local Authorities to distribute grant funding in their areas.    Read More...



Creative Freelancers in Wales are offered additional support:    30 - 09 - 2020

From Monday 5th October, creative freelancers can apply for a grant up to £2,500 from the Fund for Welsh Creative Freelancers operated by the Welsh Government. The fund, part of the Cultural Recovery Fund, is open to freelancers in the following sectors of: The Arts, Creative Industries, Arts and Heritage Events, Culture and Heritage.   Clarifying what sits under the various headings, and if you may qualify for additional support, there is an Eligibility Checker for you to use at: https://businesswales.gov.wales/coronavirus-advice/covid-19-support-business   Further information relating to this 3rd phase of support for Welsh Business will be released in the coming days and can be found at GOV.Wales   Read More...



Winter Economy Plan - Coronavirus    25 - 09 - 2020

The Chancellor of the Exchequer has, after shelving the proposed Autumn Budget, announced a package of new measures to help the British Economy through the next few months. A summary of the new schemes and rules is noted below.   Please be aware that this note is based on the information published as at 24 September 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the schemes operate. The below is based on Foremans LLP’s interpretation of the available information and HMRC guidance.   Foremans will continue to update our clients as and when information is received from the regional governments.    Read More...



Why It's a good idea to file your Self assessment early    21 - 09 - 2020

Are you one of the people who avoided filing your Self Assessment until the last day? You’re not alone, over 700,000 filed their Self Assessment in the last 24 hours last year, with over 26,000 filing in the last hour. 958,296 taxpayers missed the filing deadline and were issued with a £100 automatic fine   Read More...



HMRC advises on the impact of COVID-19 on service levels.    08 - 09 - 2020

Additional benefits of working with your accountant. In light of the published data from HMRC, letting your accountant work with HMRC on your behalf can save you time and sanity.  Read More...



Employment Allowance Advice Note    24 - 08 - 2020

What is the Employment Allowance? The Government originally announced, in the Autumn Statement 2013, an Employment Allowance of up to £2,000 to be deducted from the Employers’ Class 1 National Insurance Contributions (NIC). The allowance has been increased subsequently and for the 2020/2021 tax year is £4,000.   Read More...



HMRC increases its compliance checking around CJRS.    20 - 08 - 2020

HMRC’s compliance checking has moved to the next phase and advise that this week they are sending 3,000 letters to employers who it believes may need to repay some of the CJRS grant they have received.   Read More...



The Self-employment Income Support Scheme SEISS 2nd claim    17 - 08 - 2020

From today, all qualifying Self Employed individuals, for the UK Government's SEISS grant may make their second claim. Details can be found on gov.uk/guidance/claim…
  Read More...



CJRS -SEISS Update    04 - 08 - 2020

Announced recently, HMRC are required to be informed by the later of the 20th October 2020 or 90 days after you receive your payment, if any CJRS or SEISS payment you received resulted in any over-payment. This requirement has been passed into law, any queries if this has affected you, or would like a review of your claims and payments, please don't put it off, contact us contactus@foremansllp.com  #makinglifelesstaxing   Read More...



Practical Business Advice Update - 20/07/2020    20 - 07 - 2020

As the British economy is slowly beginning to re-establish itself and businesses begin to open the UK governments continue to make tax and legislation changes to help business following the coronavirus pandemic. Some of the recent measures are noted below.   Read More...



HM Treasury extends tax cuts to PPE costs    06 - 07 - 2020

HM Treasury extends tax cut to PPE costs   Read More...



Getting Britain building    23 - 06 - 2020

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The Self-employment Income Support Scheme SEISS Update    18 - 06 - 2020

On Friday 29 May 2020 the Chancellor of the Exchequer, Rishi Sunak, announced that the scheme is to be extended to allow those eligible to claim a second grant covering three months’ worth of profits. The Second and Final SEISS Grant is less generous with 70% of the average profits covered up to a maximum of £6,570.   Read More...



CJRS Update    12 - 06 - 2020

Further update regarding the CoronaVirus Job retention Scheme  Read More...



CJRS Update    04 - 06 - 2020

How, from August 1st employers will share the cost of the furlough scheme   Read More...



The Self-employment Income Support Scheme SEISS    22 - 05 - 2020

The scheme is intended to provide a grant to self-employed individuals or partnerships worth 80% of their profits per month up to a cap of £2,500 per month. The scheme is available initially for April, May and June 2020. The intention is to provide similar support to the self-employed as the Job Retention Scheme does for employees. SEISS opened for claims on 13 May 2020.   Read More...



Practical business advice - Coronavirus    19 - 05 - 2020

The UK, Scottish and Welsh governments are continuing to make tax and legislation changes to help business during the coronavirus pandemic. Some of the recent measures are noted below.   Please be aware that this note is based on the information published as at 19 May 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the schemes operate. The below is based on Foremans LLP’s interpretation of the available information and HMRC guidance.   Foremans will continue to update our clients as and when information is received from the Government.    Read More...



Covid-19 tax appeal deadlines extended    12 - 05 - 2020

HMRC has extended the period available for taxpayers to appeal a tax decision by an additional three months for anyone affected by the coronavirus pandemic.   Read More...



SEISS update    07 - 05 - 2020

Following the UK Government announcement in March 2020 regarding the coronavirus Self Employment Income Support Scheme we are now in possession of more details as to how the scheme will operate Please be aware that this note is based on the information published as at 07 May 2020.The information is based on Foremans LLP’s interpretation of the available data.   The scheme is intended to provide a grant to self-employed individuals or partnerships worth 80% of their average monthly profits per month up to a cap of £2,500 per month. The scheme is available initially for April, May and June 2020. The intention is to provide similar support to the self-employed as the Job Retention Scheme does for employees.   Read More...



Covid-19: help for self employed launches    05 - 05 - 2020

HMRC has begun contacting around 3.5m taxpayers who may be eligible for the government’s self-employment income support scheme (SEISS) to explain the application process and help them get ready to make a claim when the service opens next week   Read More...



VAT Free period for PPE    04 - 05 - 2020

The Treasury has announced a zero-rate of VAT will apply to sales of PPE for Covid-19 from 1 May 2020 until 31 July 2020, in a move it says will save care homes and businesses more than £100m.  
  Read More...



Coronavirus Bounce Back scheme    04 - 05 - 2020

What is the Coronavirus Bounce Back Loan?   The UK Government has announced an additional loan scheme aimed to fast track loans with a 100% government backed guarantee for small businesses affected by the coronavirus pandemic.   When will the scheme be available?   The Chancellor of the Exchequer, Rishi Sunak, announced the scheme on 27 April 2020. The scheme is launching on Monday 04 May 2020.   Read More...



Job Retention scheme guidance    24 - 04 - 2020

What is the Coronavirus Business Interruption Loan Scheme (CBILS)?   The UK Government has announced a scheme to provide finance facilities for smaller businesses experiencing cash flow difficulties from trading due to the coronavirus pandemic. The scheme has been expanded from the initial announcement to include smaller businesses who would previously have been able to access commercial facilities from the financial providers   Read More...



Allowable Expenses for working from Home Self Employed    17 - 04 - 2020

Allowable Expenses for Working from Home   Self Employed Simplified Expense   HMRC allow a Simplified expense of a flat rate based on the hours a self employed person works from home each month. The simplified flat rate is only available if you work 25 hours or more a month from home.  
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Allowable Expenses for working from Home Employees including Company directors    17 - 04 - 2020

Allowable Expenses for Working from Home   Employees including Company Directors   HMRC does allow employees to claim of £6 per week or £26 per month from 06.04.2020 (prior to 06.04.2020 £4 per week or £18 per month) without receipts    Read More...



Coronavirus Business Interruption Scheme    09 - 04 - 2020

What is the Coronavirus Business Interruption Loan Scheme (CBILS)?   The UK Government has announced a scheme to provide finance facilities for smaller businesses experiencing cash flow difficulties from trading due to the coronavirus pandemic. The scheme has been expanded from the initial announcement to include smaller businesses who would previously have been able to access commercial facilities from the financial providers   Read More...



Job Retention scheme guidance    08 - 04 - 2020

Guidance Note   Coronavirus Job Retention Scheme   Please be aware that this note is based on the information published as at 04 April 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the scheme will be implemented. The below is based on Foremans LLP’s interpretation of the available information. You should not regard this as advice on how the scheme will operate as several factors have still to be announced.   We have compiled some frequently asked questions which may help to explain our understanding of the scheme:  
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COVID-19 & latest scams    03 - 04 - 2020

A new Self-employment Income Support Scheme to support self-employed people who have been adversely affected by COVID-19 has been announced. Unfortunately, there has been an increase in scam emails, calls and texts. If someone gets in touch claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as your name, credit card or bank details, please do not respond. HMRC will never contact you out of the blue to ask for these details.   Read More...



Guidance Note Sole Directors and the Coronavirus Job Retention Scheme Please be aware that this note is based on the information published as at 31 March 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the sche    01 - 04 - 2020

Guidance Note   Sole Directors and the Coronavirus Job Retention Scheme   Please be aware that this note is based on the information published as at 31 March 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the scheme will be implemented. The below is based on Foremans LLP’s interpretation of the available information. You should not regard this as advice on how the scheme will operate as several factors have still to be announced.   The UK has over one million sole director/shareholder owner managed limited companies including Personal Service Companies. These directors do not qualify as self employed even though they will complete an income tax self assessment tax return. As Directors, if the company has a PAYE scheme and they receive a salary then the Director will be classified as an employee.   We have compiled some frequently asked questions which may help to explain our understanding of the scheme:   Can I claim under The Self Employment Income Support Scheme (SEISS)?   No. The Self Employment Income Support Scheme (SEISS) will not apply to the company directors unless you have other sources of self employed income.   Can I claim under The Coronavirus Job Retention Scheme?   Yes. If you are paid a salary through a PAYE scheme through your company you should be able to claim under the Job Retention Scheme as an employee of your company.   What can I claim?   Your company can claim a grant of up to the lower of: ·         80% of your “regular” salary or ·         £2,500   What period will this grant cover?   The claim can be backdated to 01 March 2020 and is currently expected to last for 3 months.   Can I backdate even if I have been working?   No. The grant is only available from the date that you are “furloughed” by your company   How do I Furlough myself?   We currently have no guidance regarding how to do this. We suggest that the company writes to the Director / Employee advising that they are being furloughed and the date that this is active. A copy of this letter should be retained on the company file Please be aware you cannot work during a furlough period. Foremans will be advising clients of any additional requirements as soon as they are announced.   When does my company PAYE scheme need to be operative from?   The company PAYE scheme must have been operative as at 28 February 2020.   At what date do I need to have been on the payroll to claim?   You must be on your company payroll as at 28 February 2020.   Can I claim if I work part-time in the business?   Yes. The grant is available for full time and part time employees.   How do I calculate my “regular” salary?   Your “regular” salary is the higher of: ·         The same month’s earnings from the previous year or ·         The average monthly earnings from the 2019-20 tax year.   What if my salary is paid annually?   Our understanding is that this should be an acceptable salary for the calculation.   What happens if I reduce my hours of work or my salary?   You are not entitled to claim under the Job Retention Scheme if you are still working.   When can my company claim the grant?   The grant will be claimed through a HMRC portal which is not yet available. Foremans will be updating clients as to when access is expected.   Should I continue to pay my salary from my company?   Yes. Salaries must continue to be paid to directors and employees.   Will I need to pay the 20% not funded?   The additional 20% not funded is a matter for employment law as to whether it needs to be paid. We believe it would be up to the employee or director to consider their employment contract and approach their employer regarding payment.   What if there are insufficient funds in the company bank account to pay the salary?   We would recommend processing the salary and leaving the net salary as an amount due to be paid to the director. The amount due will classified as a loan by the Director to the company until funds are available and it is paid.  Should you require funding you may also wish to consider if you are eligible for a Coronavirus Business Interruption Loan (CBIL). Foremans will be issuing a separate guidance for these loans.   Is the Salary subject to PAYE, NI, pension, student loan deductions etc?   Yes. The salary will be processed as normal through the payroll and is subject to all the normal deductions before payment to you as an employee.   Will the grant cover any cost other than salary?   We believe that the Job Retention Scheme will reimburse employers for employers National Insurance and the minimum autoenrollment pension costs. We are awaiting confirmation regarding the additional employment costs.   Will the grant be repayable to the government once the crisis is over?   No. The Job Retention Scheme payment is a grant not a loan.   How will the grant be accounted for in my company’s accounts?   The grant will be treated as income and, therefore, subject to corporation tax. Please remember that any salary paid is deductible from profits before the calculation of corporation tax.     Further useful information can be found at:   https://www.businesssupport.gov.uk/coronavirus-job-retention-scheme/   If you would like to discuss any of the issues noted above, please contact us on:   01244 625 500 or 01978 364 000 contactus@foremansllp.com   Whilst all due care and attention has been taken in the preparation of these notes no liability can be accepted for any omission or item contained therein.   Read More...



The Self-employment Income Support Scheme SEISS    27 - 03 - 2020

The Self-employment Income Support Scheme SEISS   Please be aware that this note is based on the information published as at 27 March 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the scheme will be implemented. The information is based on Foremans LLP’s interpretation of the available data. You should not regard this as advice on how the scheme will operate as several factors have still to be announced.   The scheme is intended to provide a grant to self-employed individuals or partnerships worth 80% of their profits per month up to a cap of £2,500 per month. The scheme is available initially for the next 3 months. The intention is to provide similar support to the self-employed as the Job Retention Scheme does for employees.   Eligibility:   To be eligible you must meet all of the criteria below: 1.      Be self-employed or a member of a partnership. Please note we do not believe Company Directors will be treated as self-employed; 2.      Have lost trading/partnership profits due to COVID-19; 3.      File a tax return for 2018/2019 as self-employed or a member of a trading partnership; 4.      Have traded in 2019/2020; 5.      Be currently trading at the point of application (or would be except for COVID-19); 6.      Intend to continue to trade in the tax year 2020/2021; 7.      Have trading profits of less than £50,000; 8.      More than half of your total income comes from self-employment. This can be in reference to at least one of the following conditions: ·         Your trading profits and total income in 2018/2019 ·         Your average trading profits and total income from up to the three years between 2016/2017, 2017/2018 and 2018/2019.   Access   1.      HMRC will be administering the scheme. 2.      Individuals should not contact HMRC now. 3.      HMRC will use existing information, we believe from filed self assessments, to check eligibility and invite applications once the scheme is operational. 4.      Grants will be paid directly to the eligible claimants’ bank account. 5.      Grants are expected to be paid out by the beginning of June 2020.   If you are eligible but have not submitted your self assessment tax return for 2018/2019. HMRC have announced that you have 4 weeks from 26 March 2020 to file the return and, therefore, become eligible for the scheme.   Grant Amount   The amount of the grant per month will be the lower of:   ·         80% of the average profits from the tax years 2016/2017, 2017/2018 and 2018/2019; ·         £2,500.   WARNING   The Support Schemes announced by the UK Government are only available directly through HMRC. If you receive any communication including texts, calls or emails from anyone claiming to be HMRC saying that you are due a tax refund or saying that you can claim financial help PLEASE DO NOT click on any links or provide any personal information. We are aware that there are may scams currently circulating and do not want you to get caught.   Further useful information can be found at:   https://www.businesssupport.gov.uk/self-employment-income-support-scheme/   If you would like to discuss any of the issues noted above please contact us on:   01244 625 500 or 01978 364 000 contactus@foremansllp.com   Whilst all due care and attention has been taken in the preparation of these notes no liability can be accepted for any omission or item contained therein.   Foremans LLP 27 March 2020   Read More...



Practical Business Advice CoronaVirus    26 - 03 - 2020

Guidance Note   The Coronavirus Job Retention Scheme   Please be aware that this note is based on the information published as at 23 March 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the scheme will be implemented. The information is based on Foremans LLP’s interpretation of the available information. You should not regard this as advice on how the scheme will operate as several factors have still to be announced.   1.      A member of staff should be designated as a Furloughed Worker and notified of the change. 2.      Any change in staff designation remains dependent on employment law. 3.      A member of staff Furloughed must not work for the employer during the period of Furlough. 4.      The Furlough period can be from 01 March 2020. 5.      Initially the Furlough period will last 3 months but may be extended. 6.      Employees must be on the business payroll as at 29 February 2020. 7.      All UK businesses with a PAYE scheme are eligible for the scheme regardless of size. 8.      The payment from the scheme is a grant not a loan. 9.      The grant will be paid direct to the employer. 10. The maximum monthly wage is expected to be capped at £2,500. 11. The maximum grant per employee is expected to be the lower of: ·         80% of wages – the definition of wages has not yet been clarified and ·         £2,500 per month. 12. Whether the employer will be expected to top up the employees’ salary to the full amount usually paid seems to be dependent, at the moment, on employment law. 13. A new online IT system is currently being developed to process the payments. The development may take some time. In order to assist employers with cashflow issues businesses should consider applying to the Coronavirus Business Interruption Loan Scheme. 14. The employer will pay the employee through the payroll. 15. The employer will report the payments through the Real Time Information (RTI) system as normal. 16. The scheme will be administered for the Government by HMRC.   Further useful information can be found at:   https://www.businesssupport.gov.uk/coronavirus-job-retention-scheme/   If you would like to discuss any of the issues noted above please contact us on:   01244 625 500 or 01978 364 000 contactus@foremansllp.com   Whilst all due care and attention has been taken in the preparation of these notes no liability can be accepted for any omission or item contained therein.   Foremans LLP 25 March 2020   Read More...



Conovirus Jpb Retention Scheme    26 - 03 - 2020


Guidance Note The Coronavirus Job Retention Scheme   Please be aware that this note is based on the information published as at 23 March 2020 and is intended to provide guidance on how Foremans LLP believe at this juncture the scheme will be implemented. The information is based on Foremans LLP’s interpretation of the available information. You should not regard this as advice on how the scheme will operate as several factors have still to be announced.            1. A member of staff should be designated as a Furloughed Worker and notified of the change.          2. Any change in staff designation remains dependent on employment law.          3. A member of staff Furloughed must not work for the employer during the period of Furlough.          4. The Furlough period can be from 01 March 2020.          5. Initially the Furlough period will last 3 months but may be extended.          6. Employees must be on the business payroll as at 29 February 2020.          7. All UK businesses with a PAYE scheme are eligible for the scheme regardless of size.          8. The payment from the scheme is a grant not a loan.          9. The grant will be paid direct to the employer.        10. The maximum monthly wage is expected to be capped at £2,500.        11. The maximum grant per employee is expected to be the lower of:                                                • 80% of wages – the definition of wages has not yet been clarified                                                  and                                                • £2,500 per month.       12. Whether the employer will be expected to top up the employees’ salary to the full amount usually paid seems to be dependent, at the moment, on employment                law.       13. A new online IT system is currently being developed to process the payments. The development may take some time. In order to assist employers with                            cashflow issues businesses should consider applying to the Coronavirus Business Interruption Loan Scheme.       14. The employer will pay the employee through the payroll.       15. The employer will report the payments through the Real Time Information (RTI) system as normal.       16. The scheme will be administered for the Government by HMRC.   Further useful information can be found at:   https://www.businesssupport.gov.uk/coronavirus-job-retention-scheme    If you would like to discuss any of the issues noted above please contact us on:   01244 625 500 or 01978 364 000   contactus@foremansllp.com   Whilst all due care and attention has been taken in the preparation of these notes no liability can be accepted for any omission or item contained therein.  Foremans LLP                                                                                                                                                                                                                                                 25 March 2020                           Read More...



Practical Business Advice CoronaVirus    25 - 03 - 2020

Advice Note   Practical Business Advice – Coronavirus 25 March 2020   The Government is continuing to issue advice and guidance for businesses. Whilst there is a lot of speculation in the media we are still awaiting clarification on how some of the measures are to be implemented. Foremans will continue to update our clients as and when information is received from the Government. We have noted below some measures which we believe may affect our clients.     Employers   A Coronavirus Job Retention Scheme has been announced. All UK employers with a PAYE scheme will be able to access support to continue paying some of their employees’ salary whilst they are unable to work during the crisis. The suggested amounts are the lower of 80% of salary and £2,500 per month. The payment will be a grant rather than a loan. We believe the salary will be paid through the normal business payroll under the Real Time Information (RTI) system.     VAT   All VAT registered UK businesses will be eligible to defer any VAT payments due between the 20 March 2020 and the 30 June 2020. VAT payments due to be paid in this period will need to be paid by the end of the 2020/21 tax year. For example - VAT payments due in this period may be as follows:   Quarter End Normal Payment Due Date if paid by bank transfer:   29.02.2020 07.04.2020 Defer 31.03.2020 07.05.2020 Defer 30.04.2020 07.06.2020 Defer   If you pay by Direct Debit we would advise cancelling your direct debit immediately.   VAT refunds and reclaims will be paid by the Government as normal.   VAT returns should still be filed by the due date.     Self Employment   If you are self employed and are due to make a self assessment payment on account on 31 July 2020 you can defer making the payment until 31 January 2021. We are not yet aware if this will need to be applied for or if it will be automatically applied.       Time to Pay   HMRC have also upgraded their time to pay service for businesses. If you have missed or are worried about missing a tax payment due to Coronavirus you should contact HMRC to discuss being allowed additional time to make payments. The HMRC helpline number is 0800 0159 559   Please be aware that the advice and proposals regarding coronavirus are constantly changing and before acting on any of the above you should check the current situation with:   www.gov.uk     If you would like to discuss any of the issues noted above please contact us on:   01244 625 500 or 01978 364 000 contactus@foremansllp.com   Whilst all due care and attention has been taken in the preparation of these notes no liability can be accepted for any omission or item contained therein.   Foremans LLP 25 March 2020   Read More...



Covid-19 Update    24 - 03 - 2020

Following the Prime Minister’s announcement yesterday evening Foremans will be operating remotely as of tomorrow Wednesday 25 March 2020. Please be assured that we have been assessing our systems over the last few weeks and our remote systems are robust. We will provide as normal a service as possible including invoicing and payroll during this unpredictable time. To ensure that your queries are dealt with as quickly as possible please use the following email address. pscteam@foremansllp.com Our telephone numbers will remain the same as: 01244 625 500 01978 364 000 We will be issuing updates as to the changing policies being issued by the Government during this crisis and how this may affect clients. Do not hesitate to contact us if you need any further advice regarding the above. Please keep safe and well.   Read More...



IR35 delay    18 - 03 - 2020

Off-Payroll Working IR35 Postponed The Treasury Minister, Steve Barclay, speaking in the House of Commons yesterday evening, announced that the changes to IR35 in the private sector due to be implemented on 06 April 2020 will be delayed for a year. Following the Budget confirmation that the changes would go ahead the delay has been implemented because of the current Coronavirus pandemic. Please do not hesitate to contact us at Foremans on 01244 625 500 if you wish to discuss how the delay affects you or any other matter.   Read More...



CIS    02 - 03 - 2020

Ensuring your CIS is compliant. CIS is a deduction-at-source tax regime for construction operations whereby contractors withhold and pay to HMRC deductions on account their sub-contractor's eventual tax liability, be they individuals, partnerships or limited company sub-contractors. The rate of deduction is specified based on many factors but will be one of zero for sub-contractors with gross status, 20% or 30%. determined by HMRC when the sub contractor registers. Since you will be entrusting the business of engaging sub-contractors for your operation, and negotiating the legal and tax maze it entails, you need to be able to trust that your provider is a market-leader in CIS. Your provider should be equipped to deal with all of this and have back-up insurances in place, tested to prove their worth. In truth, many CIS payment providers have neither the financial resources, personnel and knowledge nor the historical reputation to be trusted with large weekly transfers of your business' hard-earned money. Foremans (CIS) Ltd has the experience, and support to ensure complete compliance. Backed by Foremans LLP, an ICAEW regulated accountancy practice, you're in a safe pair of hands. For further information contact us on 01244 625500.   Read More...



Late payment legislation    28 - 02 - 2020

New legislation tackling late payments (courtesy of trusttheguild.com) A substantial step forward in solving the perennial problem of late payments is currently awaiting discussion in the House of Lords. A private member’s bill - demanding a 30-day limit on settling invoices - has received a first reading, following its introduction to the House by Labour Peer Lord Mendelsohn on 21st January. a date for a general Lords debate on the bill had not been scheduled. The core of the proposed new law is a statutory limit of 30 days for settling all invoices. There will also be a blanket ban on the practice of expecting suppliers to be out of pocket in return for prompt payment. The bill also outlaws the system of large construction contractors charging fees to smaller firms to be included on preferred supplier lists.   Read More...



HMRC Warning    12 - 02 - 2020

HM Revenue and Customs (HMRC) is warning millions of Self Assessment customers to be aware of fraudsters now the deadline has passed. Over the last year, HMRC received nearly 900,000 reports from the public about suspicious HMRC contact - phone calls, texts or emails. Some of the most common techniques fraudsters use include phoning taxpayers advising of a fake tax refund, or pretending to be HMRC by texting or emailing a link which will take customers to a false page, where their bank details and money will be stolen. Fraudsters are also known to threaten victims with arrest or imprisonment if a bogus tax bill is not paid immediately. HMRC operates a dedicated Customer Protection team to identify and close down scams but is advising customers to recognise the signs to avoid becoming victims themselves. Customers are urged to take action by forwarding details of suspicious calls or emails claiming to be from HMRC to phishing@hmrc.gov.uk and texts to 60599. Customers who have suffered financial loss should contact Action Fraud on 0300 123 2040, or use their online fraud reporting tool   Read More...



HMRC feedback    05 - 02 - 2020

Figures released by HM Revenue & Customs show that 11.1 million taxpayers filed their 2018/19 returns ahead of the 31 January 2020 deadline, with over 90% doing so online. Over 700,000 submitting on deadline day and over 26,000 filing in the final hour before the 11.59pm cutoff. But 958,296 taxpayers missed the deadline, and now face an automatic fine of £100. Why not plan ahead for next year, and talk to an accountant. Plan, Prepare & Pay in good time.
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Christmas Office Hours    11 - 12 - 2019

Season’s Greetings from the Team at Foremans     Our Seasonal Opening Hours  Tuesday 24th December 2019 8.30am – 12.30pm Wednesday 25th December 2019 Office Closed Thursday 26th December 2019 Office Closed Friday 27th December 2019 10:00am – 4.00pm Monday 30th December 2019 Office Closed Tuesday 31st December 2019 Office Closed Wednesday 1st January 2020 Office Closed Thursday 2nd January 2020 8.30am – 5.30pm                             We look forward to working with you in 2020                                          Best wishes from all at Foremans                                                                                                        Read More...



Countdown to deadline day    08 - 11 - 2019

No use hiding, that Tax return still has to be done. Just 84 days to go! If you need some advice, get help from our Tax Experts. Contact us for some free advice.
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Happy Friday    08 - 11 - 2019

Had to check this twice. Today is National Cappuccino Day, ideal for a Friday in the office, and it's also National Harvey Wallbanger Day, funny how that's fell on a Friday as well. Enjoy the day   Read More...



Wear it pink    30 - 10 - 2019

Thank you so much for your kind donation of £56 to wear it pink. On behalf of Breast Cancer Now, thank you so much for everything you do for us. Best wishes, Lottie, Summer and Abi Your wear it pink team It was fun and worthwhile, thank you team.   Read More...



Self Assessment deadline    28 - 10 - 2019

#8220;The deadline for completing Self Assessment tax returns is only 95 days away, yet, so many of us wait until January to start the process. Avoid the last minute rush by completing your tax returns on time and then enjoy the upcoming festive period. Last year more than 2,000 people sent their tax returns on Christmas Day. Customers should consider submitting their returns early to avoid the stress of a last minute rush. By doing their Self Assessment return now, customers can start planning their festive activities. Need help, just give us a call.   Read More...



Northern Dentistry Show    24 - 10 - 2019

We are looking forward to present at the Northern Dentistry Show. We will be present on stand C51 22nd and 23rd November at Manchester Central. Register to attend  at https://www.professionaldentistry.co.uk/events/northern-dental-summit     Read More...



The Pharmacy Show    07 - 10 - 2019

Honestly, we’re in there somewhere! Love being busy at an exhibition! Thinking of becoming a #Locum #Pharmacist? Visit Stand PJ22 at ⁦@pharmacyshow⁩ for #tax and #accountancy advice         Read More...



HMRC sack eight    03 - 10 - 2019

HMRC sacks eight for computer misuse, after disciplining 92 employees. A Freedom of Information Act from think tank Parliament Street covering the years 2017/18 and 2018/19 revealed that in many cases those reprimanded were repeat offenders. HMRC employs more than 58,000.   Read More...



HMRC rakes in record level of inheritance tax    23 - 09 - 2019

There has been a 15% hike in the number of estates liable to pay inheritance tax (IHT) in recent years and HMRC has been the beneficiary – to the tune of a record-breaking £5.4bn in 2018/19   Read More...



New Advertising Tools    20 - 09 - 2019

New banner in place, bright and bold. Well it is Self Assessment time, need help, just give us a call or pop in if your in the area. Always happy to help you save money if we can...
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The Pharmacy Show    18 - 09 - 2019

We'll be exhibiting.  Read More...



Macmillan Coffee Morning    13 - 09 - 2019

Join us for a coffee and cake.  Read More...



Reverse Charge VAT    09 - 09 - 2019

IMPORTANT NOTICE.   Read More...



Legal & Accounting Taxes    09 - 08 - 2019

UK legal and accounting contribute £19bn in taxes   Read More...



HMRC update    06 - 08 - 2019

HMRC reports another "slightly" successful year   Read More...



Podcast    19 - 07 - 2019

Listen to our Senior Partner discuss Self Assessment on CalonFM with presenters Tracy & Heather. Link to the podcast   Read More...



Workshop    10 - 07 - 2019

Are you or a friend considering a new challenge, working for yourself, your own company?   Read More...



Late Fines    09 - 07 - 2019

A Word To The Wise....   Read More...



HMRC's positive news    26 - 06 - 2019

Nice to read some positive news from HMRC   Read More...



HMRC receive some excuses    18 - 06 - 2019

here are 2019’s most ridiculous expenses claims and late tax return excuses courtesy of HMRC   Read More...



HMRC controls working.    03 - 06 - 2019

New defensive controls deployed by HM Revenue and Customs (HMRC) have put an end to fraudster’s spoofing the tax authority’s most recognisable helpline numbers.
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Moving Update    06 - 02 - 2019

Do you want excellent customer service and solid knowledge that your business and accounts are being looked after by experts?   Read More...



Making Tax Digital - Find Out More    08 - 11 - 2018

What is Making Tax Digital? MTD is part of the UK government’s plan to use computer systems to help make the tax administration system more effective and efficient. Businesses and individuals are being encouraged to make use of software available to reduce the amount of paper returns.   Read More...



Budget 29.10.2018 - A Useful Summary    01 - 11 - 2018

Following Phillip Hammond’s budget on Monday 29 October 2018 we have put together a brief summary of some of the announcements that we believe you may find of interest.   Read More...



Upcoming Exhibitions - Come Take A Look    05 - 09 - 2018

; Take a look at our upcoming exhibition dates.   Read More...



Update On The RBS Business Banking Switch Scheme    24 - 08 - 2018

There is no requirement to switch your RBS Business Bank Account.  Read More...



We Have Moved! Welcome To Our New Offices    11 - 06 - 2018

We have moved!  Read More...



Need Help With Your Tax Return?    09 - 01 - 2018

Need help with your Tax Return? The deadline of 31 January 2018 for filing your personal Self Assessment Tax Return is fast approaching....   Read More...



Paying Your Self Assessment Tax    01 - 11 - 2017

Do you normally pay your Self Assessment income tax in January using your personal credit card?    Read More...



Making Tax Digital - Find Out More    19 - 10 - 2017

You may have heard the phrase “Making Tax Digital” or “MTD” bandied around in the media but what does it actually mean?   Read More...



Thinking of Working for Yourself?    02 - 10 - 2017

; Are you considering locum work or becoming an independent contractor?  Read More...



Reclaim Overpaid Tax    05 - 09 - 2017

; ; Do you need to reclaim overpaid tax?  Read More...



Auto-enrolment Pension Scam    24 - 08 - 2017

; Beware of fake auto-enrolment certificates being offered to employers.  Read More...



Are You Entitled To a Uniform Tax Rebate?    22 - 08 - 2017

Are you entitled to a uniform tax rebate?  Read More...



How To Avoid Phishing Emails    17 - 05 - 2017

Cyberattacks have been in the headlines recently, with the NHS in fear of Ransomwear infections HMRC are also now advising their customers to keep a lookout for phishing scam emails.    Read More...



How Easy Is It To Change Accountants?    06 - 04 - 2017

How easy is it to change Accountants?  Read More...



Want To Join Us?    15 - 03 - 2017

We're recruiting! We are currently looking for a qualified Accountant to join our friendly team in Chester.  Read More...



What are the Benefits of Setting Up My Own Business?    14 - 03 - 2017

; ; Are you someone who has a business idea bursting to escape but the thought of starting your own business is too overwhelming? You’ve heard all the negative comments and are wondering why people are still attracted to starting up new businesses.   Our Sales Advisor, Charlotte, explores some of the benefits experienced by Foremans clients when setting up their own business.    Read More...



Cake and Taxes    24 - 02 - 2017

; ; ; ; ; Our new contributor, Judith Bond joins us today to share her thoughts on how she is able to run her cake business more efficiently and happily by using Foremans LLP to do her accounts. Judith is a custom Cake Maker from North Wales and is the owner of Judith Bond Cakes based in Llandudno. As well as Wedding cakes, Judith specialises in corporate events and family celebrations and has customers all along the North Wales coast and into Chester.   Judith is an enthusiastic photographer and member of Welshot Imaging Academy, keen networker with Mingle for Business and Network She; and she loves writing her blog charting her delightful adventures in cake.  Her work has been published in Cupcake Heaven Magazine and she is currently featuring in a Welsh Government advertising campaign. We are delighted that Judith has joined us and hope you enjoy her blog. You can find out more about Judith on her website www.judithbondcakes.co.uk or follow her on facebook  www.facebook.com/judithbondcakes or twitter www.twitter.com/judithbondcakes and instagram www.instagram.com/judithbondcakes   Read More...



Changes To The Flat Rate VAT Scheme From April 2017    10 - 02 - 2017

The Flat Rate VAT Scheme is changing from April 2017.  Read More...



Be Prepared for Next Year\'s Tax Return    01 - 02 - 2017

What is the best way to prepare for next year's Self Assessment Tax Return?   Our Sales Advisor, Charlotte Wright, passes on a few tips now that the 2015/16 Self Assessment deadline has passed.    Read More...



What Happens If You File Your Tax Return Late?    23 - 01 - 2017

What should you do if your Self Assessment is going to be late?  Read More...



HMRC Personal Tax Repayments are Changing    09 - 09 - 2016

; ; ; The way HMRC are issuing tax refunds is changing along with the digital tax changeover.    Read More...



Why It\'s A Good Idea To File Your Self Assessment Early    16 - 08 - 2016

File your Self Assessment early and avoid the last minute rush!  Read More...



Why Should The Self-Employed Use Specialist Accountants?    03 - 08 - 2016

; Why not find a specialist firm which has expertise in all the right areas?   Read More...



Digital Tax Is Coming: What Business Owners Need To Know    25 - 07 - 2016

The way you do your taxes is set to change. HMRC intend to have a full digital tax system in place by 2020.   Read More...



The Beginner\'s Guide To Starting Your Own Limited Business    15 - 07 - 2016

Thinking of starting your own Limited company?  Read More...



Free Resources for the Self Employed    08 - 07 - 2016

; ; ; ; ; Going Self Employed? Here are some free resources to help with your business:  Read More...



Small Businesses Need Proactive Accountancy Services    18 - 01 - 2016

Small businesses need proactive accountancy services.  Read More...



Join us on Small Business Saturday: 5th December 2015    01 - 12 - 2015

Get free Tax Advice at our Small Business Saturday open days!    Read More...



SMALL BUSINESS SATURDAY BUS TOUR - Friday 13th of November 10am until 2pm    12 - 11 - 2015

We are delighted to be joining the Small Business Saturday Bus Tour at Queen's Square in Wrexham Town Centre tomorrow!  Read More...



Named and Shamed : Employers who failed to pay workers National Minimum Wage    26 - 10 - 2015

113 employers have been named and shamed for failing to pay employees the National Minimum Wage.  Read More...



£20 million Stolen From UK Bank Accounts    14 - 10 - 2015

Online attackers have stolen in excess of £20 million from UK bank accounts the UK’s National Crime Agency has reported.   Read More...



HMRC To Be Granted Powers to Recover Unpaid Taxes From Taxpayers' Bank Accounts    09 - 10 - 2015

HMRC is to be granted the power to recover unpaid tax direct from Taxpayers' bank accounts.     Read More...



Plastic Bag Charge Introduced in England    05 - 10 - 2015

On 05 October 2015 the 5 pence charge for plastic bags has been implemented in England.    Read More...



Thinking of Working for Yourself?    20 - 08 - 2015

; Accountants can help you set up your business!  Read More...



Budget 08 July 2015 - Summary    08 - 07 - 2015

Following on from the budget, please find below a summary of the main points we believe may affect our clients.  Read More...



Occupational Therapy show 26th and 27th November NEC Birmingham    09 - 10 - 2014

Foremans LLP will be attending the occupational Therapy show on the 26th and 27th November at the NEC Birmingham.  Read More...



P11D(b) Penalties Sent Out In Error by HMRC    08 - 10 - 2014

HMRC have incorrectly sent out penalty warning letters to some employers   Read More...



RTI Penalties Delayed Again    06 - 10 - 2014

HMRC originally intended to charge penalties for late filing of RTI returns as of 06 April 2014.  Read More...



Real – time PAYE returns penalties to be phased in    01 - 10 - 2014

From the 6th March 2015 employers with fewer than 50 employees will face automated in year penalties for real time PAYE returns.   Read More...



New ISA savings accounts allow savers to set aside more money tax free    02 - 07 - 2014

Under new rules savers will have more flexibility between cash and investments due to all tax-free ISAs becoming New ISAs, known as NISAs. From 1 July 2014 the amount of money that can be saved or invested will increase to £15,000.  Read More...



HMRC errors mean 3.5 million employees owe more tax    20 - 06 - 2014

Inaccuracies in HMRC’s records mean that 3.5 million employees now owe more tax through PAYE.   Read More...



Employers named and shamed for failing to pay National Minimum Wage    09 - 06 - 2014

The government has released a list of 25 employers who failed to pay workers the National Minimum Wage (NMW).   Read More...



The Queens final speech said to be “bold” and “unashamedly pro-work and pro business” according to David Cameron and Nick Clegg    04 - 06 - 2014

During the Opening of Parliament on today the Queen is set to announce laws which the Conservative- Lib Dem coalition hopes to pass before the May 2015 poll.  Read More...



£23.9bn additional tax received due to HMRC crackdown on tax avoidance    30 - 05 - 2014

Due to the government’s crackdown on tax avoidance, an additional £23.9bn has been recorded.  Read More...



Royal Mail is to trial Sunday service due to high demand    20 - 05 - 2014

Later this summer around 100 of Royal Mail offices will trial Sunday services due to high demands for goods ordered online.  Read More...



RBS reports £1.6bn profits but warns of tough year ahead    02 - 05 - 2014

Pre-tax profits of £1.6bn for three months to the end of March have been reported by Royal Bank of Scotland (RBS). This figure is almost double the profit recorded in the same quarter a year earlier.  Read More...



UK economy grows by 0.8% in first quarter    30 - 04 - 2014

In the first quarter of 2014, figures have shown a growth of 0.8% in the UK economy.   Read More...



Vince Cable plans public register of company owners    23 - 04 - 2014

Companies will be forced to list their true owners on a public register in a bid to combat tax evasion and money-laundering, Vince Cable had said.  Read More...



State pension boost of up to £25 to be made available    22 - 04 - 2014

Pensioners and those who reach pension age in the next two years will be able to acquire up to £25 of additional State Pension a week under plans set out by the Pensions Minister.  Read More...



Minimum wage to rise to £6.50 in October 2014    26 - 03 - 2014

The National Minimum Wage (NMW) is expected to rise by 19p an hour this October taking the hourly rate up to £6.50. This is expected to benefit a million of the UK’s workers.   Read More...



Pension savings still 'insufficient' despite Auto-enrolment    14 - 02 - 2014

Concerns have been raised that auto-enrolment pension savings are still insufficient.  Read More...



45p tax rate is the “right place to be” says Chief Secretary    05 - 02 - 2014

The 45p tax rate is the "right place to be", according to Chief Secretary to the Treasury, Danny Alexander.  Read More...



Thousands risk £100 penalty for late tax returns    31 - 01 - 2014

£1.5 million people haven’t yet filed their Self Assessment tax returns as today’s deadline looms.    Read More...



£30m available for small businesses in new growth voucher scheme    30 - 01 - 2014

#163;2,000 worth of ‘Growth Vouchers’ will be available to up to 20,000 small businesses in the UK under a new government scheme.   Read More...



Labour government would reintroduce 50p tax rate    28 - 01 - 2014

; ; ; Labour has pledged to reintroduce the 50% tax band, which was cut to 45% by the coalition government in April 2013.   Read More...



Employment agencies allegedly mis-selling insurance to low-paid workers    24 - 01 - 2014

; “Dubious arrangements for agencies” see top employment agencies allegedly mis-selling insurance to thousands of low-paid workers, according to shadow business secretary, Chuka Umunna.   Read More...



TUC study shows fall in job prospects    21 - 01 - 2014

A fall in job prospects in some parts of the UK has been shown in a TUC study, with the West Midlands having the poorest long-term jobs record.   Read More...



Increased Penalties for Employers Who Fail to Pay Minimum Wage    17 - 01 - 2014

Under new proposals, the maximum penalty for failure to pay National Minimum Wage could rise to £20,000.  Read More...



Chancellor calls for above-inflation increase to Minimum Wage    17 - 01 - 2014

Chancellor George Osborne has said he wants to see an above-inflation increase in the minimum wage.    Read More...



Higher-earning parents risk Self Assessment penalties    16 - 01 - 2014

; ; ; Higher-earning parents may risk an immediate £100 fine from HMRC if they fail to file a Self Assessment tax return by the deadline of 31 January 2014.    Read More...



Almost 700 tax criminals convicted in 2013    08 - 01 - 2014

HMRC investigations led to 690 convictions between January and the end of November last year.   Read More...



Miliband vows close agency workers ‘low pay loophole’    07 - 01 - 2014

Labour leader Ed Miliband has promised to close a loophole in the Agency Workers Regulations (AWR) to prevent businesses from undercutting regular staff by paying agency workers lower rates if he wins the next election.   Read More...



Top 10 oddest late-filing excuses revealed    02 - 01 - 2014

; ; ; ; ; ; ; ; ; ; ; Ahead of the 31 January tax return deadline, HMRC has revealed the ‘Top 10 oddest excuses’ tax payers have used for sending in late returns.   Read More...



Firms must increase pay, says CBI    31 - 12 - 2013

; ; Companies must pay their workers more in 2014, according to the director general of The Confederation of British Industry (CBI), John Cridland.   Read More...



Beware of scam emails claiming to be from HMRC    18 - 12 - 2013

It has been brought to our attention that a small number of our clients have received phishing emails claiming to be from HM Revenue and Customs (HMRC) recently.   Read More...



The importance of choosing a good umbrella company    12 - 12 - 2013

; 'Distrust and caution are the parents of security.’ - Benjamin Franklin    Read More...



Autumn Statement: Crackdown on intermediaries supporting false self-employment    06 - 12 - 2013

New rules will be introduced to prevent ‘employment intermediaries being used to avoid employment taxes and obligations by disguising employment as self-employment’, Chancellor George Osborne has announced.   Read More...



Contractor, or ‘iPro’, growth experienced across Europe    27 - 11 - 2013

The EU has experienced an increase in independent professionals, or ‘iPros’, commonly referred to as freelancers or contractors, according to the European Forum of Independent Professionals (EFIP).  Read More...



Unemployment falls closer to Bank of England target    18 - 11 - 2013

The UK unemployment rate dropped to 7.6 per cent between July and September, closer to the Bank of England’s target than it has been in three years, the Office for National Statistics has revealed.  Read More...



Inflation drops to its lowest rate in over a year    15 - 11 - 2013

The UK’s inflation rate, as measured by the consumer prices index (CPI), fell to its lowest level in over a year, dropping from 2.7 per cent in September to 2.2 per cent in October.  Read More...



HMRC crackdown on unpaid internships    12 - 11 - 2013

Two hundred employers that have recently advertised internships will be investigated by HM Revenue and Customs (HMRC) to find out if they are paying the minimum wage.  Read More...



New offshore oil and gas regulator needed, says oil tycoon    12 - 11 - 2013

Reforming the regulation of the North Sea oil and gas industry could generate £200bn for the UK economy, according to a recent report.  Read More...



UK industrial output stronger than forecasted    07 - 11 - 2013

British industrial production output increased more than expected in September, according to figures recently released by the Office for National Statistics (ONS).  Read More...



UK services sector growing at fastest pace in 16 years    07 - 11 - 2013

Activity in the British services sector has enjoyed its fastest growth since May 1997, an influential survey suggests.  Read More...



Universal Credit scheme will waste £140m, according to MPs    07 - 11 - 2013

The implementation of the government’s welfare reform has been severely criticised by MPs, who have described it as ‘extraordinarily poor’.  Read More...



HMRC staff quitting in highest numbers for four years    06 - 11 - 2013

Workers are resigning from jobs at HM Revenue and Customs (HMRC) in their highest numbers for four years, following pressure from the government to cut costs and improve performance.  Read More...



UK construction expansion ‘at six-year high’ in October    05 - 11 - 2013

UK construction activity grew at its fastest pace since September 2007 last month, according to a survey of purchasing managers.  Read More...



Charity calls for government action on youth unemployment    04 - 11 - 2013

Almost one million young people are not in education, employment or training and thousands are at risk of facing a lifetime of unemployment, according to The Prince’s Trust.  Read More...



Self-employed form significant part of Scottish enterprise boom    04 - 11 - 2013

Self-employed Scottish workers with micro-businesses accounted for a considerable rise in the number of enterprises being set up in Scotland.  Read More...



Construction industry optimistic about the future    04 - 11 - 2013

There is significant optimism in the construction industry with regards to future growth, according to a recent research.  Read More...



UK will be fastest growing western economy by 2014, says report    04 - 11 - 2013

The UK is primed to grow faster than any other Western economy, according to a recent report.  Read More...



AWR anniversary: was the hype just scaremongering?    30 - 10 - 2013

This month marks the two year anniversary of the introduction of the Agency Workers Regulations (AWR). So, what impact have those three little letters had in the last two years and was all the hype just scaremongering?  Read More...



Umbrella provider Paymaster workers ‘not employees’, judge concludes    30 - 10 - 2013

An employment tribunal has concluded that six individuals engaged with umbrella provider Paymaster were not employees of the company, despite being signed up on written employment contracts.  Read More...



Over one third of self-employed feel ‘left behind’ by online tax system    25 - 10 - 2013

More than one in three (39%) self-employed workers in the UK feel left behind by the tax system becoming increasingly internet based, the Association of Accounting Technicians has (AAT) found.  Read More...



Economy experiences fastest growth in three years    25 - 10 - 2013

Gross domestic product (GDP) rose by 0.8 per cent between July and September, according to the Office of National Statistics (ONS).  Read More...



Small business owners in the UK ‘work fewest hours’    24 - 10 - 2013

Small business owners in the UK work fewer hours than those in the US, Germany, France, Netherlands or Spain, new research has uncovered.  Read More...



Entrepreneurs and self-employed will drive economy    24 - 10 - 2013

Entrepreneurship and self-employment will be the driving force of the future UK economy, according to Lord David Young of Graffham, enterprise adviser to the prime minister.  Read More...



Health professionals targeted in new HMRC tax campaign    22 - 10 - 2013

Professionals working in the health and wellbeing sector who have taxable income that they have not declared to HMRC are being targeted in a new tax campaign launched this week.  Read More...



Twenty per cent of SME owners admit forgetting to invoice    09 - 10 - 2013

A surprisingly high number of small and medium sized enterprises (SMEs) in the UK are losing out on money as a result of forgetting to invoice.  Read More...



Around 165,000 parents miss child benefit deadline    07 - 10 - 2013

An estimated165, 000 people have missed the October 5th deadline to register for Self Assessment over their collection of child benefit.  Read More...



Ed Miliband promises to cut rates for small businesses    24 - 09 - 2013

Labour leader Ed Miliband is to vow to reverse a planned rates rise on small companies’ premises if Labour wins the next election.  Read More...



Tax investigations into SMEs yields up 31%    24 - 09 - 2013

HMRC has netted £565m in additional revenue in 2012-13, with the tax yield received from compliance investigations into small and medium sized businesses (SMEs) jumping 31% in the last year.  Read More...



Pace of UK shop closures slows    24 - 09 - 2013

The number of shops closing in UK town centres has fallen from 20 a day in the first half of 2012 to 18 a day in the first six months of this year, figures from PricewaterhouseCoopers (PwC) and the Local Data Company reveal.  Read More...



Rise in job vacancies advertised    23 - 09 - 2013

Increasing business confidence has resulted in a rise of 4% in the number of job vacancies advertised in the UK, according to the new Robert Walters European Job Index comparing the first and second quarters of 2013.  Read More...



Relaxation of RTI arrangements for small businesses    20 - 09 - 2013

HMRC has announced that it will relax RTI reporting arrangements for small businesses for a transitional period until April 2014.  Read More...



Real Time Information (RTI) issue affecting student loan borrowers    18 - 09 - 2013

According to HMRC, ‘a very small number’ of student loan borrowers’ employments have been incorrectly ceased on its PAYE system.  Read More...



Inflation rate falls to 2.7% in August    18 - 09 - 2013

The cost of living dipped in August with inflation, measured by the consumer price index (CPI) falling to 2.7% from 2.8% in July.  Read More...



Barclays to compensate 300,000 borrowers after paperwork error    17 - 09 - 2013

Barclays Bank is to refund around 300,000 customers because it miscalculated the interest owed on personal loans.  Read More...



‘Cyber plot to steal from Santander’ foiled by police    16 - 09 - 2013

Four men alleged to have hacked into computers at a London branch of Santander bank in an attempt to steal millions of pounds have appeared in court.  Read More...



New banking switching system under way    16 - 09 - 2013

From today, customers wishing to switch bank account providers will be able to do so within seven working days, the banking industry has promised.  Read More...



HMRC sends 167,000 RTI warning letters    10 - 09 - 2013

Around 167,000 employers who missed one or more deadlines for real time information (RTI) reporting can expect to receive a letter from HM Revenue and Customs (HMRC).  Read More...



Universal credit scheme ‘poor value’, says watchdog    06 - 09 - 2013

The government’s welfare overhaul has not achieved value for money and has suffered from ‘weak management, ineffective control and poor governance’, according to the National Audit Office (NAO).  Read More...



HSBC raises fees for small business customers    30 - 08 - 2013

HSBC has announced that it will increase its fees for small business customers.  Read More...



Over half of SMEs expect growth in coming year    29 - 08 - 2013

Fifty-one per cent of small and medium-sized businesses (SMEs) expect to grow over the next twelve months, according to the SME Finance Monitor.  Read More...



UK is best place in Europe to be an entrepreneur    28 - 08 - 2013

The UK is the best place in Europe to be an entrepreneur and is in the top five of G20 countries for entrepreneurship, a major international study has revealed.  Read More...



Freelancing economy booming, says report    28 - 08 - 2013

The number of UK businesses hiring freelancers online has risen by 51% since 2012, the latest Global Online Employment Report by online work platform Elance has revealed.  Read More...



Burnley named ‘most enterprising place in Britain’    28 - 08 - 2013

Burnley has won an award for being the ‘most enterprising area’ in Britain due to its ‘pioneering’ culture and economic prospects.  Read More...



House-builder profits increase as demand for new houses surges    20 - 08 - 2013

There have been signs of growth in the construction industry lately, the most recent being house-builders, Persimmon’s announcement of increased profits.  Read More...



Mortgage lending to self-employed picks up    20 - 08 - 2013

Lenders have eased their criteria on home loan lending to the self-employed and workers on fixed-term contracts, according to mortgage brokers.  Read More...



1 in 3 UK workers not taking full holiday entitlement    19 - 08 - 2013

A third of office workers in the UK do not take all their holiday leave, research by recruitment company, Adecco, has revealed.  Read More...



Two in three people long to be their own boss    16 - 08 - 2013

63% of people want to work for themselves, new research by Pink Plumbers – a plumbing company operated by females – has revealed.  Read More...



\'Cowboy\' tax advisers to be named and shamed    13 - 08 - 2013

#8216;Cowboy’ financial firms which help companies avoid paying tax could be named and shamed under a government proposal announced earlier this week.  Read More...



Temporary work appointments and pay rates surge in July    12 - 08 - 2013

Temporary billings increased at the fastest pace in almost two-and-a-half years in July, according to the latest Recruitment and Employment Confederation (REC)/KPMG Report on Jobs.  Read More...



Older workers more reliable, according to study    08 - 08 - 2013

Older workers are more consistent at work than their younger counterparts, according to a study carried out by from Berlin's Max Planck Institute for Human Development.  Read More...



Banning zero-hours contracts would be ‘ridiculous’, says REC chief executive    06 - 08 - 2013

The call for zero-hours contracts to be banned has been branded as ‘ridiculous’ by Recruitment and Employment Confederation (REC) chief executive Kevin Green.  Read More...



Sun finally shining on the jobs market as pay rates and contractor demand rises    05 - 08 - 2013

Vacancies and rates of pay for contractors are rising, according to the Report on Jobs from The Recruitment & Employment Confederation (REC) and KPMG.  Read More...



Ten reasons to fund life insurance through your limited company    05 - 08 - 2013

Everyone knows the benefits of life insurance but not everyone has the cover. You may think you are too young to start thinking about how you would cope financially if you became terminally ill or how your family would cope financially in the event of your death, but you can never predict what is around the corner and it is worth remembering that the younger you are, the cheaper your cover could be. Taking out life insurance may be lost on never-ending list of things to do or, perhaps, the cost of cover is preventing you from buying a policy. Whatever your reason for putting it off, if you are a limited company director, you may want to take action now as you could make savings by putting the cost of cover through your business.

Below are ten reasons why you should consider funding your life insurance policy through your limited company:  Read More...



Limited Company registrations and dissolutions rise in Wales    05 - 08 - 2013

The number of limited company registrations and failures in Wales has gone up, according to BBC Wales.  Read More...



Construction industry at three-year high    05 - 08 - 2013

UK construction industry activity in July grew at the fastest pace since June 2010, according to a survey by data company Markit and the Chartered Institute of Purchasing & Supply (CIPS).  Read More...



Demand for contractors remains steady    30 - 07 - 2013

Demand for contractors and other temporary workers will remain the same in the next quarter, according to the Recruitment & Employment Confederation’s (REC) latest JobsOutlook survey.  Read More...



More women registering websites for business, according to 123-reg    30 - 07 - 2013

The number of women registering a website has increased by nine per cent since last year, according to domain registrar 123-reg’s research into its customers.  Read More...



Small business lending at two year high    29 - 07 - 2013

Lending to small and medium-sized businesses (SMEs) between May and June of this year grew at the fastest pace since records began in April 2011, according to the latest figures from the Bank of England.  Read More...



Employment returns to the same level as in 2008    26 - 07 - 2013

The Office for National Statistics (ONS) recently reported that gross domestic product expanded by 0.6 per cent between April and June of this year. Positive signs of growth include employment and the number of hours worked rising to pre-crisis levels.  Read More...



Plans to simplify National Insurance for the self-employed published by HMRC    23 - 07 - 2013

HMRC has published plans to simplify the way self-employed workers pay National Insurance Contributions (NICs) for consultation.  Read More...



Recruitment agencies welcome £100bn investment in infrastructure    22 - 07 - 2013

Recruiters have welcomed government plans to invest £100bn in UK infrastructure, but have expressed concerns about potential white-collar skills shortages.  Read More...



Don’t forget to renew your tax credits by 31 July    22 - 07 - 2013

Tax credits claimants are advised to renew their claim by 31 July or risk losing their payment.  Read More...



Payroll company enters liquidation as HMRC makes £58m tax claim    09 - 07 - 2013

Edinburgh-based employment agency, Employ E – previously known as Legal E – has gone into liquidation after HMRC submitted a claim against the company for £58m in unpaid taxes and penalties.  Read More...



Being Retired Can Be Damaging For Health, Study Suggests    22 - 05 - 2013

First Alex Ferguson, then David Beckham. Retirement seems to be all the rage at the moment. But what can the average worker expect when they finally hang up their boots?  A new study suggests it may not be too rosy on the other side.  Read More...



HMRC Cleared Over Goldman Sachs ‘Sweetheart’ Tax Deal    17 - 05 - 2013

HMRC has been cleared of illegally letting investment bank Goldman Sachs off up to £20m in interest payments.  Read More...



Umbrella Company, Recruitment Agency and Construction Labour Provider Named on HMRC ‘Deliberate Defaulter\' List    16 - 05 - 2013

HMRC has published a list of ‘deliberate tax defaulters’ on its website this week, as part of its continued attempt to crack down on tax evasion.  Read More...



Some Self-employed Workers To Be Exempt From Health And Safety Laws    10 - 05 - 2013

Self-employed workers ‘whose work activities pose no potential risk of harm to others’ will no longer have to abide by the UK’s health and safety regulations, the Queen announced in her latest speech.  Read More...



Offshore Tax Investigation Identifies Over 100 Individuals Concealing Wealth    10 - 05 - 2013

A collaborative investigation by the UK, Australian and US tax authorities into offshore tax structures has uncovered more than 100 individuals concealing wealth in offshore havens, HMRC has announced.  Read More...



Real Time Information Payroll Reporting Gets Underway    29 - 04 - 2013

More than 70,000 PAYE returns have been submitted to HMRC using real time information (RTI) reporting since the system was introduced earlier this month.  Read More...



Universal Credit: Massive Reform to Benefits System Launched    29 - 04 - 2013

A major shake-up of the benefits system began today as the first claims for universal credit payments were made.  Read More...



See What Our Clients Have To Say About Us..    26 - 04 - 2013

We were delighted to receive the following testimonials from our clients:  Read More...



Minimum wage to rise to £6.31 from October    15 - 04 - 2013

The National Minimum Wage is to increase by 1.9 per cent (12p) to £6.31 an hour for adults from October, the government has announced.  Read More...



Contractor Hiring On The Rise, According To Report    27 - 03 - 2013

The number of employers planning to hire both temporary contractors and permanent staff has risen, according to the latest JobsOutlook survey from The Recruitment and Employment Confederation (REC).  Read More...



Red Tape Challenge: Consultation to Simplify Company Name Regulations    20 - 03 - 2013

Dozens of regulations relating to the day to day running of a company and the preparing and filing of their accounts are to be scrapped, merged or simplified, the government has announced.  Read More...



Calls for Budget to Prioritise Homebuilding and Infrastructure    14 - 03 - 2013

Business lobby groups are calling on the government to put homebuilding and infrastructure at the top of its agenda for the 2013 Budget.  Read More...



RBS Apologises for Service Disruption    07 - 03 - 2013

The Royal Bank of Scotland (RBS) has apologised to customers after technical problems left many customers unable to access their accounts or withdraw money on Wednesday night.  Read More...



Construction Output falls to Lowest Level since October 2009    06 - 03 - 2013

The construction industry will be looking to Chancellor George Osborne’s Budget on 20 March for measures to help prevent further decline in the sector, as construction activity plunged to its lowest levels in three years in February.  Read More...



More Pensioners Going Self-Employed    27 - 02 - 2013

Almost one third of people working beyond state pension age are self-employed – more than double the proportion of that of working age people – according to information released by the Office of National Statistics (ONS).  Read More...



UK Treasury in Three-Year Tax Agreement with Isle of Man    21 - 02 - 2013

A three-year deal which aims to clamp down on tax evasion has been signed by the UK Treasury and the Isle of Man authorities.  Read More...



‘Deliberate Tax Defaulters’ Named and Shamed on HMRC List    21 - 02 - 2013

A list of tax dodgers has been published on HM Revenue and Customs’ website for the first time today, as part of a crackdown on tax evasion and non-compliance.  Read More...



70% of Contractors Report Improved Work/Life Balance    19 - 02 - 2013

70% of limited company contractors report that contracting has had a positive effect on their work/life balance, according to a survey carried out in the second half of 2012.  Read More...



MPs calling for Tax Avoiders to be Named and Shamed    19 - 02 - 2013

MPs are calling for those who use or sell tax avoidance schemes to be publically named and shamed by HM Revenue and Customs (HMRC).  Read More...



850,000 Face £100 Penalty for Late Tax Returns    18 - 02 - 2013

850,000 taxpayers will receive letters informing them that they have been fined £100 for filing their Self Assessment tax returns late, HMRC has announced.  Read More...



HMRC Cost-Cutting Programme \'Starts Well\'    13 - 02 - 2013

HM Revenue and Customs has made a good start at reducing its running costs but faces a longer term struggle to improve customer service, a report by the National Audit Office (NAO) has revealed.  Read More...



Getting a Mortgage When You’re Self-Employed    12 - 02 - 2013

How accessible are Mortgages when you're self-employed?  Read More...



Santander BillPay Glitch Results in Taxpayers Paying HMRC Twice    06 - 02 - 2013

As the Self Assessment tax return deadline approached last week, some taxpayers paying HMRC through the BillPay system, managed by Santander Corporate Banking, were charged more than once when trying to pay their tax bill.  Read More...



Freelance Social Work: Is it right for you?    30 - 01 - 2013

Like many social workers, Iain Dickinson was forced to consider going independent due to the difficult financial climate, but in a recent Guardian article, he says he’s never looked back.
    Read More...



Freelance Contractors Earn Almost Double the Average UK Income    23 - 01 - 2013

Contractors earn almost double the average UK income, new research has shown.  Read More...



Government Rejects Call for Construction Blacklist Investigation    23 - 01 - 2013

The government has rejected a call to investigate claims of the blacklisting of construction workers unless evidence is produced to prove that the practice is still going on.  Read More...



Self Assessment: Improved HMRC Technology will Help to Detect Tax Dodgers    22 - 01 - 2013

With the Self Assessment deadline drawing ever nearer, tax experts are warning that HMRC is better equipped than ever to identify who needs to complete a Self Assessment tax return and if you have filled your return in incorrectly.  Read More...



CPS Launch Tax Evasion Clampdown    22 - 01 - 2013

The number of cases of tax evasion and ‘dishonest’ tax avoidance taken to the criminal courts will increase fivefold over a four year period, the Director of Public Prosecutions vowed in a speech at the Crown Prosecution Service headquarters in London recently.  Read More...



Regional Roll-Out of UK Contractors Group’s Creating Britain’s Future to Begin in Manchester    21 - 01 - 2013

UK Contractors Group’s Creating Britain’s Future campaign, which was launched in London last July, aims to demonstrate the importance of construction to the UK economy, to showcase the industry’s capability to deliver world-class projects such as the Olympic Park, and to encourage government investment.  Read More...



Self-Employed to Benefit from Pension Reform    15 - 01 - 2013

The self-employed will be ‘unequivocally better off in the long run’ thanks to a new flat-rate state pension, according to Paul Johnson, director of the Institute For Fiscal Studies (IFS).  Read More...



Bank Regulations for Bankrupts due to be Relaxed    13 - 12 - 2012

The government is expected to announce legal changes to bank rules that will make it easier for banks to offer basic accounts to undischarged bankrupts.  Read More...



RTI Penalties for Late and Inaccurate Returns Confirmed    07 - 12 - 2012

Many employers faced with the challenge of incorporating the new Real Time Information, or RTI, system into their businesses have been asking whether they will be penalised if they make a mistake or file a return late.  Read More...



An Extra £77m Invested in HMRC as Part of Clampdown on Tax Dodgers    04 - 12 - 2012

Chancellor George Osborne has announced this morning that the government will invest an extra £77m in HMRC this spending review period to increase its work tackling tax avoidance and evasion, specifically those focusing on offshore evasion and avoidance by wealthy individuals and by multinationals.  Read More...



Welsh Tax System Under Consideration    22 - 11 - 2012

The government is to ‘seriously consider’ a report recommending that Wales should have its own tax system.  Read More...



HSBC Jersey Account Investigated by HMRC    15 - 11 - 2012

Britain’s biggest bank HSBC is under the spotlight following a report that serious criminals have used offshore accounts at its Jersey operation for the purpose of money laundering.   Read More...



Starbucks, Google and Amazon Quizzed over Tax Avoidance    13 - 11 - 2012

Top executives from Starbucks, Google and Amazon faced questions about the tax affairs of the three US multinationals when they appeared before Britain’s Public Accounts Committee (PAC) yesterday.  Read More...



Quarter of Small Businesses Still Unaware of Real Time Information    01 - 11 - 2012

A survey by the Federation of Small Businesses (FSB) has revealed that a quarter of its members have never heard of ‘Real Time Information’, the biggest change to PAYE in over 60 years.  Read More...



One Million Households to Receive Letter About Child Benefit Cuts    31 - 10 - 2012

Households with children in which at least one partner is earning £50,000 a year or more will receive a letter telling them that their child benefit will be reduced or stopped as of January 2013.  Read More...



Temporary Workers Exploited by ‘Abusive Tax Avoidance’ Practices, Warns BBC 5 Live    24 - 10 - 2012

Some low-paid temporary workers are at risk of being chased for unpaid taxes by HMRC, according to an investigation carried out by BBC 5 Live.  Read More...



RBS-Santander Deal Collapses    15 - 10 - 2012

A deal to sell 316 Royal Bank of Scotland branches to Santander has fallen through, striking a sharp blow to the 81%-state owned bank.  Read More...



Employers Urged to Prepare for PAYE Real Time Information    10 - 10 - 2012

HM Revenue & Customs will be writing to 1.4m employers this month to explain what businesses need to do to prepare for the introduction of ‘Real Time Information’ (RTI).  Read More...



The Automatic Enrolment Pension Scheme Explained    01 - 10 - 2012

A major shake-up of the pension scheme began today as workers at the UK’s biggest firms were automatically enrolled in a new pension system, which both they and their employers will pay into.  Read More...



Ed Balls Vows to Crackdown on ‘Bogus’ Self-Employed    27 - 09 - 2012

Shadow Chancellor Ed Balls has promised to fight the problem of ‘bogus self-employment’ in the construction industry and more widely.  Read More...



Government Pledges £1bn for ‘Business Bank’ to Help Small Businesses    24 - 09 - 2012

The government is to set up a new state-backed ‘business bank’ in an effort to boost lending to small and medium sized businesses, Business Secretary Vince Cable announced yesterday at the Liberal Democrat Party conference.  Read More...



Co-op No Longer Offering Bank Accounts To The Newly Bankrupt    18 - 09 - 2012

The Co-operative Bank has announced that it will no longer offer its basic bank account (Cashminder) to undischarged bankrupts – people within twelve months of their being declared bankrupt – after claims of an ‘un-level playing field’ across the industry.  Read More...



PM Shows Support For Construction4Growth Campaign    12 - 09 - 2012

Construction4Growth, a campaign calling on the government to invest in construction as way to stimulate the economy, has been welcomed by Prime Minister David Cameron on a recent visit to the National Construction College in Birmingham.  Read More...



Credit Ratings Affected By Banking Issues    26 - 06 - 2012

The latest issue to arise from the NatWest / RBS / Ulster bank technical debacle is the effect on credit ratings.  Read More...



Retirement Ages Rising Whilst Confidence in Pension Investment Falls    19 - 06 - 2012

27% of the over-50s expect to work past the current state pension age of 65, suggests a survey by insurance firm Saga.  Read More...



Business Start-up Loans Scheme For Young People    28 - 05 - 2012

A loan scheme for young people wanting to create a business is being launched by Prime Minister, David Cameron.  Read More...



Tax Rebates On Their Way    16 - 05 - 2012

Tax rebate letters from HMRC will be going out from 17 May, two months earlier than in previous years.  Read More...



Deadline For Electrician\'s Tax Safe Plan Campaign Fast Approaching    14 - 05 - 2012

The deadline for the Electrician’s Tax Self Plan Campaign is 15 May 2012.  Read More...



New IR35 Guidance Launched By HMRC    10 - 05 - 2012

New IR35 guidance was launched by HMRC yesterday relating to the enforcement and administration of the intermediaries legislation.  Read More...



Callers Waiting Over Four Minutes To Speak To HMRC    02 - 05 - 2012

Callers have to wait for more than four minutes to speak to HMRC on their helpline.  Read More...



HMRC Sends 12,000 Self Assessment Fines In Error    27 - 04 - 2012

HMRC has sent approximately 12,000 fines in error for late filing of Self Assessment tax returns to people who were told they no longer needed to complete a Self Assessment.  Read More...



UK Economy In Double-Dip Recession    25 - 04 - 2012

The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012. It is the UK’s first double dip recession since 1975.  Read More...



Have You Filed Your Self Assessment For 2010-11?    24 - 04 - 2012

Anyone who has not filed their 2010-11 Self Assessment tax return by the end of April 2012 will be charged daily penalties from 1 May.  Read More...



REC Warns Of Potential Scam Against Agencies    20 - 04 - 2012

The REC has been made aware of a potential scam against recruitment agencies.  Read More...



Employers Want Delay To HMRC Real Time PAYE System    17 - 04 - 2012

Two-thirds of employers say the deadline for implementing HMRC’s PAYE Real Time Information system (RTI) is too tight.  Read More...



AWR Monitor Shows Demand Is Still Strong For Temporary And Contract Staff    11 - 04 - 2012

The overall demand for temporary and contract staff has remained strong despite a slight blip in some sectors says Tom Hadley, Director of Policy and Professional Services at the REC.  Read More...



New Income Tax Year 6 April 2012    05 - 04 - 2012

Tax and benefit changes for the new income tax year come into effect from 6 April 2012  Read More...



UK Manufacturing Sector Continues To Grow In March    03 - 04 - 2012

The UK's manufacturing sector grew in March for a fourth consecutive month, data released on Monday shows.  Read More...



Letters From HMRC May Be Misleading On Child Tax Credits    02 - 04 - 2012

A leading charity says HMRC letters may be misleading customers about child tax credits.  Read More...



PAYE Tax Codes For 2012-13    29 - 03 - 2012

HMRC has been sending out new tax codes to individuals for the 2012/13 tax year since January 2012.  Read More...



Survey Suggests Rise in Both Temporary and Permanent Hiring    27 - 03 - 2012

This month’s JobsOutlook report suggests that employer confidence increased again in February and now stands at its highest level in the past 12 months.  Read More...



Thresholds Increased For Automatic Pension Enrolment    26 - 03 - 2012

Higher earnings thresholds confirmed by the government for automatic enrolment into pension schemes.  Read More...



Budget 2012 - Key Points    21 - 03 - 2012

Budget 2012 - The key points that may affect our clients are shown below:  Read More...



Tax Investigations For E-Traders    15 - 03 - 2012

People who trade on the internet are being targeted in HMRC's latest campaign against unpaid tax.  Read More...



Prevent Illegal Working    14 - 03 - 2012

All employers have a duty to prevent illegal working by carrying out document checks on potential employees to ensure they have the right to work in the UK, before employing them.  Read More...



Government and Industry Mortgage Scheme To Boost Home Ownership    12 - 03 - 2012

The construction industry and taxpayers will act as co-guarantors on new homes bought by existing or first-time buyers in a new mortgage indemnity scheme launched today.  Read More...



Employer Payment Booklets 2012-13    12 - 03 - 2012

The new PAYE Payment booklets for the year 2012-13 have now been dispatched by HMRC. The booklets should be received by anyone registered by 16 December 2011.  Read More...



We\'re on Facebook and Twitter!    08 - 03 - 2012

Did you know you can now follow Foremans on Facebook and Twitter?  Read More...



Northern Rock Repays £2bn of Government Loan    02 - 03 - 2012

The ‘bad’ part of bank Northern Rock repaid £2bn of the government's loan in 2011. It still owes £19.7bn.  Read More...



UK Construction Industry Shows Fastest Growth in 12 Months    02 - 03 - 2012

The UK construction industry has shown the fastest growth in 12 months, according to a survey by the Markit/CIPS Purchasing Managers' Index (PMI).  Read More...



Business Leaders Call For 50p Tax Rate To Be Scrapped    01 - 03 - 2012

More than 500 business leaders have called for the 50p top rate of tax to be scrapped in the forthcoming Budget this month.  Read More...



Year End Payroll Returns 2012    29 - 02 - 2012

Please be aware that HMRC no longer issues paper Employer Packs for the payroll year end.  Read More...



BlackBerrys and iPhones Provided By Employers    29 - 02 - 2012

HMRC announced on 20 February 2012 that it  now accepts that smartphones such as iPhones and BlackBerrys satisfy the conditions necessary to qualify as mobile phones.  Read More...



Barclays Ordered to Pay Back £500m In Avoided Tax    28 - 02 - 2012

Reports suggest that Barclays Bank has been ordered by the Treasury to pay £500m in tax which it had tried to avoid.  Read More...



Should Not Be In Self Assessment?    22 - 02 - 2012

Should not be in Self Assessment?  Read More...



HMRC Issues 850,000 Tax Return Penalties    20 - 02 - 2012

HMRC is in the process of issuing 850,000 penalty notices for late filing of 2010/11 Self Assessment tax returns.  Read More...



Lloyds Bank Takes Back Bonuses Paid To Executives    20 - 02 - 2012

The BBC reports that the Lloyds Banking Group is taking back bonuses worth £2m from 10 of its executives.  Read More...



Alternative Dispute Resolution (ADR) Trial Extended to SMEs    15 - 02 - 2012

Alternative Dispute Resolution (ADR) Trial extended to Small and Medium Enterprise Customers as an alternative method of resolving tax disputes.  Read More...



HMRC Targets Electricians    14 - 02 - 2012

HMRC launched the The Electricians' Tax Safe Plan (ETSP) on 14 February 2012.  Read More...



REC Survey Shows Increase In Jobs In January    08 - 02 - 2012

A survey carried out by the Recruitment & Employment Confederation (REC) shows a rise in permanent staff replacements from 48.5 to 51.2, with demand highest for construction and engineering staff in both temporary and permanent vacancies.     Read More...



New Powers for HMRC to Tackle Employers Who Dodge PAYE and NIC Payments    07 - 02 - 2012

From 6 April 2012 employers can be asked to pay a security where there is serious risk that they won’t pay over their PAYE tax deductions or Class 1 National Insurance contributions (NICs).  Read More...



P45 Lives!    06 - 02 - 2012

HMRC’s plans to replace the P45 with a leaver statement have been withdrawn after consultation about Real Time Information (RTI).  Read More...



HMRC To Take A New Approach To Business Record Checks    03 - 02 - 2012

HMRC will postpone making any new appointments for business records checks following an announcement that it will take a fresh approach to its checking programme in 2012.  Read More...



Self Assessment Deadline Extended    30 - 01 - 2012

Amendments have been made to the Self Assessment deadline.  Read More...



HMRC Strike Action    27 - 01 - 2012

HMRC staff are potentially going on strike on Tuesday 31 January 2012.  Read More...



New Phone Number for Tax Credit Helpline    25 - 01 - 2012

The Tax Credit Helpline telephone number has changed.  Read More...



Tax Return Filing    24 - 01 - 2012

Reasonable Excuse For Late Filing of Tax Retu  Read More...



Reclaiming Tax on Savings Income    23 - 01 - 2012

Anyone who has savings but does not pay income tax may be eligible to claim back any tax automatically deducted from the savings income.  Read More...



Student Loan Repayments    16 - 01 - 2012

The Income Tax Self Assessment may result in an overpayment of Student Loan for those nearing full repayment.  Read More...



HMRC Proposed Strike Action    16 - 01 - 2012

HMRC staff are threatening lightning strikes over the proposal to bring in private sector companies to do some HMRC work.  Read More...



2012-13 PAYE Tax Codes    09 - 01 - 2012

From January 2012 HMRC will be sending out new tax codes to individuals for the 2012/13 tax year.  Read More...



National Insurance Number Cards Replaced With A Letter    03 - 01 - 2012

HMRC has now stopped sending plastic National Insurance number cards.  Read More...



Foremans Christmas Opening Hours    16 - 12 - 2011

Foremans LLP and Foremans (UK) Ltd Christmas and New Year Timetable :  Read More...



HMRC Accepts Faster Payments    16 - 12 - 2011

As of 16 December 2011 HM Revenue & Customs (HMRC) will accept bank payments made using the Faster Payments Service.  Read More...



New Company Car Advisory Fuel Rates    01 - 12 - 2011

The HMRC company car advisory fuel rates are changing as of 1 December 2011  Read More...



Self Assessment Deadline Fast Approaching!    23 - 11 - 2011

Anyone who is self-employed, a company director or has multiple incomes should submit an annual income tax self assessment return to HMRC.   Read More...



Foremans LLP in Pyjamas for Pudsey!    19 - 11 - 2011

Foremans LLP took dress down Friday to a whole new level when staff turned up for work in pyjamas and slippers!  Read More...



VAT Loophole To Be Closed    09 - 11 - 2011

A controversial VAT loophole is to be closed as the government works to increase fairness for UK businesses.  Read More...



National Minimum Wage Increase    01 - 10 - 2011

The new National Minimum Wage rates apply from 1 October 2011.  Read More...



The Agency Workers Regulations (AWR)    26 - 09 - 2011

The Agency Workers Regulations come into force on 1 October 2011  Read More...



Tax Credits    28 - 07 - 2011

Tax credit applications due by 31st July.  Read More...



2011 Budget Summary    24 - 03 - 2011

2011 Budget – Summary for Contractors.   Key points that may affect contractors:  Read More...



Phishing    16 - 02 - 2011

; ;Warning.  Phishing is Dangerous.  HM Revenue and Customs have issued a warning regarding "phishing" emails being sent by fraudsters following the 31 January 2011 self assessment deadline.

 
The "phishing" email informs the recipient they are due a tax rebate, and provides a click-through link to a replica of the HMRC website. The recipient is asked to provide their credit card details. Fraudsters then try to take money from the account using the details provided. Victims risk having their bank accounts emptied and their personal details sold on to other organised criminal gangs.   Read More...



Self Assessment Deadline    20 - 01 - 2011

Self Assessment Deadline   Critical reminder.  The last date for filing self assessment is the 31st January and of course it has to be done electronically for most individuals.  Read More...



Changes to VAT    15 - 12 - 2010

VAT Rate Changes

The standard VAT rate is increasing from 17.5% to 20% on 4th January 2011

Any major personal expenses for which VAT is not recoverable will, therefore, increase in cost by 2.5%. So now may be the time to consider making those purchases i.e. queue early for the January sales

  Read More...



New NMW Regulations    07 - 12 - 2010

Fiddling the National Minimum Wage.    A Number of Umbrella companies and Agencies operating PAYE have apparently been rather creative with their personal definition of the National Minimum Wage (NMW). They were trying to reduce the cost of labour so that they could win tenders or other contracts unfairly – to the detriment of their individual workers of course.   Read More...



VAT Returns    30 - 11 - 2010

Vat Returns – No paper left.   From April 2010 the new rules on filing VAT returns came in. Almost all businesses are required to file their returns electronically from that date and pay electronically as well. Unfortunately HMRC have found that a third of businesses are ignoring the new rule. So from 1st April 2011 any returns filed on paper will incur a penalty of £200.   Read More...



Self Assessments    15 - 11 - 2010

Income Tax Self Assessments   Anyone who is required to file a self assessment income tax return for 2009/2010 should now be filing on line. The deadline for paper filing was 31.10.2010. In order to online file by the deadline of 31.01.2011, and so avoid any penalties, an individual must be registered with HMRC.   Read More...



The 2011 Budget    10 - 11 - 2010

The Next Budget – five months notice!   The last budget was an emergency. The next budget however will be long in the planning. The Chancellor has announced that it will be on Wednesday 23rd March 2011.   Read More...



Entrepreneurs Relief    29 - 10 - 2010

Building up to Entrepreneurs Relief.   Most owners of small incorporated businesses probably regard Entrepreneurs Relief and its recent extension as an irrelevance believing that they will never sell their business. However, if an owner manager is keen to build the strength of his business by retaining cash and assets then this CGT relief may not be irrelevant   Read More...



HMRC Update    07 - 10 - 2010

HMRC are currently upgrading their IT systems and cannot access any client information relating to PAYE and or CIS until Tuesday 12th October.  Read More...



NWM - New Rates    01 - 10 - 2010

National Minimum Wage rates have increased from 1st October 2010. There have also been some minor changes to the ages at which different rates apply. The revised rules have also created a special classification for apprentices.  Read More...



HMRC's New Computer    15 - 09 - 2010

What is HMRC doing? HMRC installed a new computer system in the summer 2009. The aim is to improve the operation of Pay As You Earn (PAYE) by bringing all a taxpayer’s records together and making sure that allowances and tax rates are operated correctly across all employment or pension income sources. The new system is performing automated end of year tax reconciliations. Previously HMRC have undertaken the reconciliation manually. The automated reconciliations are for the tax years 2008/09 and 2009/10.                                                                                                                The reconciliation is between the tax calculated as due from an individual and the income tax actually received from the individual. Accordingly, the calculations will show overpayments as well as underpayments.  Read More...



National Minimum Wage Increase    20 - 08 - 2010

A new national minimum wage rate will apply from 1st October 2010. This will apply to all contractors working in Umbrella Companies or direct with Agencies from that date.  Read More...



Tax Collectors for Hire    10 - 08 - 2010

HMRC have hired four debt collectors to assist them to recover millions in unpaid taxes.  Read More...



IR 35 Review Latest    10 - 08 - 2010

"The review specifically includes IR35, and a lot of people have interpreted that as meaning ‘we’re going to abolish IR 35’, John Whiting the interim head of tax at the Office for Tax Simplification commented to Taxation Magazine.  Read More...



Stable Contractor Rates    09 - 08 - 2010

The third quarter of 2010 is set to see most contractor rates remain stable and a number rise, according to research from RPO provider Alexander Mann Solutions.  Read More...



Time Off?    09 - 08 - 2010

UK workers are finding it tough to take time off, according to a new survey from international recruiter Randstad.  Read More...



July Jobs Report    04 - 08 - 2010

While the latest Report on Jobs from KMPG and the Recruitment & Employment Confederation reveals a reduced rate of growth of new jobs, construction professionals remain among the most in-demand.   Read More...



Small Business Tax Simplification    02 - 08 - 2010

Small business tax simplification will mean the end of IR35 in its current form. The review by the Office of Tax Simplification should be published in time for the Budget in 2011.  Read More...



Budget Reflections    02 - 08 - 2010

The “emergency” budget in June had some interesting elements for small business owners.  Read More...



IT Jobs    29 - 07 - 2010

The IT sector continues to thrive, according to The IT Job Board’s latest ‘Skills in Demand’ report.  Read More...