Workplace pensions law is changing – NEST The National Employment Savings Trust Part 1

Workplace Pension Schemes have been around for many years but they are attracting more attention now because of the gradual introduction of NEST (The National Employment Savings Trust) over the next few years. The vast majority of schemes fall into two categories, ‘defined contribution’ where the benefits at retirement depend on how much is invested,…

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Cash-basis accounting – the option

In early 2012 the government announced the news that from April 2013 unincorporated businesses with a turnover of less than £77,000 (potentially growing to £150,000) will have the option for using cash-basis accounting for income tax purposes. While this may not be suitable to all small businesses, it will undoubtedly enable financial statements and tax…

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HMRC may be sending out self assessment requests to people who have been paid out compensation on the mis-selling of Payment Protection Insurance

It has come to our attention that HMRC may be sending out self assessment requests to people who have been paid out compensation on the mis-selling of Payment Protection Insurance. Obviously the numbers involved are huge but if you should receive such a letter please contact us for advice. Burton Bandini Ltd, 30A High St,…

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