Latest News
Mar 2018 – Avoid A Late Filing Penalty
If you are slow in submitting your tax returns, you will get a late filing penalty. Say you miss the deadline for filing your self-assessment tax return (31 January for online filing) you will be charged a £100 penalty. Where the tax return is for ...
Mar 2018 – Clarke Nicklin Boost Corporate Finance Team with New Hire
Lisa Clarke, who joins the business as Corporate Finance and Advisory Senior, previously worked as Business Partnering Senior in her former role. Lisa brings a wealth of experience and comments “I am absolutely delighted to be joining the team at Clarke Nicklin and look forward ...
Mar 2018 – Max Out Your State Pension
If you are yet to reach state pension age (SPA), you will need to have accrued 35 complete years of National Insurance Contributions (NIC), to receive the full state pension. To receive any UK state retirement pension, you need at least 10 complete NIC years ...
Mar 2018 – Innovate to Accumulate
Companies which invent new production methods or products can claim enhanced tax relief for the research and development (R&D) costs. Small and medium sized companies can claim 230% of qualifying R&D costs, and a 14.5% payable tax credit if this extra deduction results in a ...
Mar 2018 – Give & Save – Giving to Charity Under Gift Aid Can Result in a Win/Win
Giving to charity under Gift Aid can result in a win/win for both the donor and the charity. If your total income is above the higher rate threshold (£45,000 for 2017/18 or £43,000 in Scotland), making a Gift Aid donation will reduce your tax bill ...
Mar 2018 – Tipping Points to Watch Out For
When your total income reaches certain thresholds, it tips any extra income into a tax band where a higher rate of tax is charged. This can also mean you lose part or all of your savings allowance, child benefit, personal allowance, or pension annual allowance ...
Mar 2018 – Managing the Tax Monster
The tax system behaves like a hydra monster, no sooner has one head been chopped off, two more grow in its place. From April 2018 the UK will have three versions of land transaction tax and three types of landfill tax (in Scotland, Wales and ...
Feb 2018 – PAYE Late Filing Penalties
Penalties for filing PAYE returns late start at £100 per month for the smallest payrolls, and rise to £400 per month for payrolls with 250 or more employees. You can make one late submission before a penalty is imposed, but how do you stay within ...
Feb 2018 – Beware of Scammers!!
We have often alerted you to scams which purport to be communications from HMRC, but are actually criminals trying to access your bank account or your login details for your online tax account. These types of scams continue, but HMRC are conducting a number of ...
Feb 2018 – HMRC Rolling Out Two-step Security Process Which Businesses Will Need To Complete Before Filing PAYE, VAT or Corporation Tax Returns
When you access your online bank account you generally need to complete a two-step security process, which may include inputting a code generated by a keypad or received via a text message. HMRC is now rolling out a two-step security process which all businesses will ...
Feb 2018 – Clarke Nicklin Announce Charity Partnership for 2018
Clarke Nicklin have announced a new partnership with The Christie. The Christie raises money to fund research into new cancer drugs and treatment options, and is an incredible support function for patients and families. Clarke Nicklin employees are aiming to raise as much as possible ...
Feb 2018 – Stockport Business Awards Search for New Charity Partner
Entries are now open to apply for a chance to become this year’s Stockport Business Awards charity partner. The new charity partner will benefit from all fundraising activities and proceeds arising from Stockport Business Awards. The chosen charity will also get links and branding on ...
