Tax Saving Accountants

Income Tax Introduced For The First Time In Andorra

On the 2nd May this year, it was announced that Andorra is to introduce a tax on personal income for the very first time. Its European neighbours have been putting pressure on the country for a significant period of time, claiming that this level of ‘tax evasion’ needed to be tackled. The head of the […]

Tax Saving Accountants

HMRC Contact Centre Closures Prompt PCS Member Strikes

The closure of more than 280 HM Revenue and Customs contact centres has recently prompted public outrage, and hundreds of members of the Public and Commercial Services Union recently took part in a number of strikes. They are campaigning over pay, conditions, jobs and the closure of the centres. The protests are continuing throughout the […]

Tax Saving Accountants

Americans Feeling Tax Hike Hits

According to a payroll tax poll, many Americans are now feeling the hit of recent tax hikes under the Obama administration. Smaller Paychecks Due To The Tax Hike A majority of working Americans, according to a You Gov and Huffington Post poll, claim that they are noticing smaller paychecks after the payroll tax cut expired […]

Tax Saving Accountants

Partnership Taxation Changes from May 2013

Towards the end of May 2013, the government published its consultation paper on the taxation of partnerships. This new consultation, which came alongside the new 2013 budget, set out two specific areas to be reformed. First of all, the government is intending to look at how under statutory footing, some members of a salaried partnership […]

Tax Saving Accountants

New International Retirement Scheme is Now Open to UK Limited Firms

A brand new Pension Trust has launched in the United Kingdom, which now allows UK Limited Companies to provide their workers with retirement packages if they have responsibilities outside of the country. This new International Retirement Scheme was previously only open to select few, namely direct clients, but it is now available across the board. […]

Tax Saving Accountants

Companies and Political Parties Bear All

New procedures and proposed changes now mean that companies and political parties will have to include much more in their tax returns. Taxpayers will now have to specify the other source from which any income has come. After regular taxpayers were asked to declare their liabilities and assets in the new Tax Return forms, it’s […]

Tax Saving Accountants

Henderson Loggie Has New Partner

Alan Davis has now become the latest partner to the Dundee office of Henderson Loggie. After having joined the law firm in 2005, coming from KPMG, Davis became an important figure in the Aberdeen and Edinburgh offices. He is also experienced in working at Customs and Exercise for 16 years in Jull. He is also […]

Tax Saving Accountants

£80m VAT Appeal Refused by HMRC

HMRC Rejected Sportech’s £80million VAT Appeal HMRC has recently been refused the leave it needed to appeal in the on-going £80m VAT battle. The battle is currently going against the owners of Spot-the-Ball, Sportech. Sportech is a listed gaming business that recently told the Stock Exchange that Her Majesty’s Revenue and Customs’ bid to have […]

Tax Saving Accountants

Annual Lease Accounting Rules Expect to Change Dramatically

The IASB’s New Proposals Will Impact Financial Figures International accounting proposals associated with leasing are thought to soon be changing dramatically, and in turn, impacting the finances of firms all across the United Kingdom. In a move to improve the level of transparency in the leasing industry, the International Accounting Standards Boards has recently created […]

Tax Saving Accountants

Audit Profitability Pushed Down Due to Fee Pressure

The continuing pressure on fees has, according to firms across the country, been pushing profitability down. This news has come as a result of a new survey published by CaseWire, an international IT provider. The survey found that around 80% of firms have been reporting strong fee pressure from their clients, and they blame this […]

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