News

Calling Strabane Businesses…You Are Invited To A Business & Finance Seminar

  Businesses in the Strabane District are invited to attend a Business and Finance Seminar at the following venues:   Fir Trees Hotel – Thursday 26th February 2.00pm – 4.00 pm Killeter Heritage Centre – Thursday 26th February 7.00pm-9.00 pm Newtownstewart Leisure Complex – Thursday 5th March 2.00pm – 4.00 pm Aughabrack Community Hall – Thursday 5th March 7.00pm – 9.00 pm   FREE BUSINESS HEALTH CHECKS for BUSINESSES at the SEMINAR The ...

Still using SAGE 50 or Instant payroll on Windows XP? Time is running out!

If you’re still using SAGE 50 or Instant payroll on Windows XP, time is running out. The new update won’t install on Windows XP, meaning from 6 April 15 you won’t be able to process your payroll and your operating system will require to be upgraded before updating payroll. In April 14, Microsoft ended all support for Windows XP We’re all familiar with the Windows security updates, and ...

Employment Allowance

Employer’s – make sure you have claimed your Employment Allowance before payroll year end – up to £2,000 off your National Insurance bill You can claim Employment Allowance if you’re a business or charity (including community amateur sports clubs) paying employers’ Class 1 National Insurance. You can only claim Employment Allowance for one PAYE scheme. To claim through your payroll software, put ‘Yes’ in the ‘Employment Allowance ...

New Business Startup

Question. I was employed until 31 December 2014, however, I have now set up a new business. I started trading from the 1 February 2015 as a sole-trader and I am not sure what records I need to keep, what taxes I need to register for and when I  need to fill in an income tax return.  Can you advise? Answer. It is extremely important that you keep ...

Free Information Seminar For The Farming Sector

Conference Room, Greenmount College 22 Greenmount Road, Antrim, BT41 4PX 17th February 2015 from 10.30am   Event Overview 10.30am – Arrival Registration & Refreshments 11am – 12.30pm Presentations by: Lowry Grant – Director of PKF FPM Accountants (Succession Planning for your future) Jason McMinn – Farmgate Consultancy (Challenges in the Dairy sector) Steven Millar – DARD NI (TBA) Amanda Fulton-Russell – Barclays International (How Barclays can help you with your foreign transaction requirements) Ian McCluggage – DARD ...

Decoding your tax deductions could save you in the long run

Question. I have received a new tax coding notice from HMRC.  It’s exactly the same as the tax code I was given last year.  Should my coding notice have changed and how do I know whether my employer is deducting the correct amount of tax from my wages? Answer. Most UK employees receive a notice of tax coding from the HM Revenue & Customs at least once ...

Devolving Power

Question. Will the recent announcements about the Corporation Tax Bill impact the level of corporation tax all Northern Ireland companies will pay in the future? Answer. The bill that would permit corporation tax powers to be devolved to Northern Ireland has recently been published by the government. This legislation, known as the Corporation Tax (Northern Ireland) Bill will allow Northern Ireland to set its own rate of corporation ...

Penalties quickly mount up for late tax returns

Question. I have not completed my 2013/14 self-assessment tax return yet. I understand that the deadline for submission of this is 31st January 2015. Will I be charged any penalties if I only submit it a few days late? Answer. The deadline for submitting your 2013/14 tax return online is 31 January 2015. Even if your return is submitted just one day late, HM Revenue and Customs will ...

Full and Final Debt Settlement in Ireland

Please click the link below which details a brief summary of our vast experience and expertise in dealing with personal and corporate debt resolution and also includes examples of our achievements in Ireland since the introduction of the Personal Insolvency Act 2012. Combining our significant experience and your assistance, we can help achieve full and final debt settlement and return a solvent, revitalised client to ...

How can I increase my personal tax allowance?

Question. I’m earning £120,000 a year.  When my earnings increased from £100,000 to £120,000, my income tax bill increased by £12,000 which is an effective income tax rate of 60%.  Is there any way I can reduce the 60% tax rate I’m paying on the £20,000 pay increase I received? Answer. Individuals who earn less than £100,000 are entitled to a personal allowance of £10,000 this tax year.  ...