Recruitment Procedures – Seven Steps for Good Procedures

In order to avoid the danger of discriminating in some way, particularly unconsciously, employers must take care to develop and use recruitment procedures which will avoid the risk. Using sensible procedures will also inevitably improve recruitment decisions and the quality of the people taken on.

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Recruitment Procedures – Employment Law

Most claims for discrimination in recruitment have no maximum limit.

Can your business afford compensation of perhaps £20,000 because you made a simple mistake?

How do you make sure you don’t break the law?

We set out below the main principles involved in the recruitment of employees.

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Raising Finance

Who needs finance?

Every business from its commencement and through its development and growth will need finance.

But what type of finance is best suited to the development of your business, and who should you approach for funding?

We provide guidance below on types of finance available and outline the planning required before approaching any lending institution.

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Property Investment – Tax Aspects

Investment in property has been and continues to be a popular form of investment for many people. It is seen as a route by which:

  • relatively secure capital gains can be made on eventual sale
  • income returns can be generated throughout the period of ownership
  • mortgage finance is covered in repayment terms by the security of the eventual sale of the property and in interest terms by the rental income.
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Making Tax Digital For VAT Registered Businesses

Making Tax Digital For VAT Registered Businesses

Making Tax Digital For VAT Registered Businesses

Making Tax Digital (MTD), the new scheme from HMRC, which requires VAT-registered businesses to use a digital system to file their taxes, is now up and running.

All businesses with a turnover which is above the VAT threshold (£85,000 in 2019) are required to keep digital records for VAT and use compatible software to give their records to HMRC.

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Property Investment – Buy to Let

In recent years, the stock market has had its ups and downs. Add to this the serious loss of public confidence in pension funds as a means of saving for the future and it is not surprising that investors have looked elsewhere.

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Preparing for your Accountant

Whether we are producing your accounts or carrying out your annual audit, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves.

You may also be able to help by preparing some of the routine schedules for us.

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Personal Tax – When is Income Tax and Capital Gains Tax Payable?

Under the self assessment regime an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time.

Payment of tax

The UK income tax system requires the payer of key sources of income to deduct tax at source which removes the need for many taxpayers to submit a tax return or make additional payments.

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Personal Tax – Self Assessment

Under the self assessment regime an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time.

The self assessment cycle

Tax returns are issued shortly after the end of the fiscal year.

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Personal Tax – Dividends and Interest

Dividend and savings allowances are available. We consider the opportunities and pitfalls of the personal tax rules.

Dividend income

When dividends are received by an individual the amount received is the gross amount subject to tax.

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