Welcome to Simia Farra & Company

News

30 Nov

Talking Points in December

Upcoming Talking Points meetings in December: Trade losses 7 December 2017, 2pm to 3pm Basis periods 7 December 2017, 12pm to 1:15pm Agent access to services 1 December 2017, 11am to 12pm Income from property 8 December 2017, 11am to 12:15pm 8 December 2017, 2pm to 3:15pm Capital allowances on vehicles 13 December 2017, 11am […]

16 Nov

Draft legislation: The Income Tax (Pay As You Earn) Regulations 2017

A technical consultation paper about income tax regulations was published on November 14 and is open for comment until 28 November 2017. The consultation paper incorporates draft PAYE Regulations and invites comments about the planned changes in respect of Car Data Reporting Requirements and the Reporting of Taxable Amounts due under Optional Remuneration Arrangements (salary […]

02 Nov

Trust Registration Service

The new Trust Registration Service (TRS) is now available for agents to use. It allows trustees and agents to register their trust and complex estates online and provide information on the beneficial owners of the trust or estate. As part of this online process, agents will be taken through the steps to create an Agent […]

19 Oct

Agent Update 62 is now available

Agent Update 62 is now available and contains a variety of articles and updates. For the full guidance please visit this link. source: – taxagents.blog.gov.uk If you would like to get in touch with one of our team of accountants who can support you in structuring your business to work for you or for any information […]

05 Oct

Pension duties for new businesses

As of 1 October 2017, new businesses have automatic enrolment duties as soon as they employ someone for the first time. As advisers, employers are likely to ask you for help with automatic enrolment including choosing a suitable pension scheme. Advisers play an important role in supporting employers, therefore it is vital they are equipped […]

21 Sep

Get help with tax as a growing mid-sized business

HM Revenue and Customs has launched a new service to directly help mid-sized businesses with a UK turnover above £10 million or at least 20 employees. The Growth Support Service helps mid-sized businesses that are experiencing certain types of growth to understand tax issues they may face and incentives or reliefs they may be able […]

07 Sep

What happens if you don’t report payroll information on time

Information for employers about late/non filing PAYE penalties, specified charges, inaccurate reports and how to avoid penalties in future. For the full guidance please visit: https://www.gov.uk/guidance/what-happens-if-you-dont-report-payroll-information-on-time source: gov.uk/government/news If you would like to get in touch with one of our team of accountants who can support you in structuring your business to work for you […]

24 Aug

Talking Points Meetings in September

Upcoming meetings and registration dates in September: Option to tax – the once and done approach Register for this meeting on 1 September 2017, midday to 1pm. National Minimum Wage – common errors made by employers Register for this meeting on 21 September 2017, 11am to midday. The tax avoidance cycle and how to get […]

10 Aug

Agent Update 61 is now available

Highlights include articles about: Inheritance Tax (IHT) online International Tax Compliance (Client Notification) Regulations Automatic enrolment and ongoing duties Staying safe online Full guidance is available on this link: https://www.gov.uk/government/publications/agent-update-issue-61 source: – taxagents.blog.gov.uk If you would like to get in touch with one of our team of accountants who can support you in structuring your […]

27 Jul

Talking Points Meetings in August

Upcoming meetings and registration dates in August: Submission of Self Assessment (SA) Returns affected by exclusions (2 dates) Register for the first meeting on 7 August 2017 midday to 1pm or for the second meeting on 23 August 2017 midday to 1pm. Changes to Inheritance Tax Register for this meeting on 10 August 2017 midday […]