HMRC will start targeting businesses across the country later this month as it rolls out a new “fresh approach“ to Business Records Checks (BRC) visits. Businesses it believes may be at risk of keeping inadequate records will get a letter and a phone call. For the South East of England the programme is expected to start […]
A new junior version of the Enterprise Investment Scheme launched in April 2012 gives great benefits to investors and those looking to develop their business. The Seed Enterprise Investment Scheme (SEIS) is expected to be available for five years, allows a 50% tax credit and CGT tax breaks. For further information download our Factsheet here
Bayliss Ware are proud sponsors of the VESTAS Sailrocket 2 boat, a radical new craft that looks more like a plane than a boat, built at the VESTAS R+D facilities on the Isle of Wight. In September the team returned to Walvis Bay, Namibia to try out a new hydrofoil package they hope will help them achieve a new […]
During the course of supporting our clients through VAT inspections over the years, we have gained a great working knowledge of common areas for VAT slip ups. In order to assist our clients we have prepared a help sheet to highlight some of these common mistakes. Have a look at the new help sheet available in our Online Resources section. Read […]
Don’t get caught out – the National Minimum Wage (NMW) rates from 1 October 2012 are : Adult NMW will increase from £6.08 to £6.19 an hour Apprentice NMW will increase from £2.60 to £2.65 an hour NMW remains the same for 16-17 year old (£3.68/hour) and 18 – 20 year olds (£4.98). If you have any queries on the NMW […]
From April 2013 the Government is introducing new requirements for payroll. Real Time Information (RTI) requires employers to report specific payroll information to HMRC at the time an employee is paid, not once a year as currently. We will be setting up new procedures in-house and sending more detailed information shortly on the likely impact […]
The Government’s introduced new reforms on workplace pensions. Whilst only affecting very large employers currently they will roll out to companies with 50-500 employees from January 2014 and 50 employees from January 2015. We will provide our clients with updates closer to implementation dates.
We get a lot of deliveries here but none were more eagerly awaited than the UPS delivery from New York Fashion House Psycho Bunny. Inside was a selection of 8 silk ties from the Psycho Bunny Range courtesy of long standing client fashion designer Robert Godley. So forget dress down days at Bayliss Ware we […]
Our major charity event of 2012 will be in October when we’ll take part in the UK 5000 Spinathon at Virgin Active in Southampton, collectively spinning 5000 miles (the equivalent of the coastal roads of the UK) in just four days. David Morris of the Kyudokan Goju Ryu Karate Association is the event organiser and […]
From next April Students who do holiday work will have income tax and national insurance deducted from their wages. The government is scrapping a student opt out/exemption (P38S) for Pay As You Earn (PAYE) from 6 April 2013. Bad news for students and a new scenario for employers who must treat students in the same way […]
There’s little doubt that London 2012 was an incredible success and it certainly kept our ex-athlete clients busy with media engagements and our team busy attending various events. Perry saw the rowing, Matt the athletics, Dennis the tennis at Wimbledon and Olly joined the party atmosphere at the women’s beach volleyball! Our client, Ubique Leisure […]
If you are an SME who has had a credit application declined by a bank, it’s not necessarily the end of the road. An appeals process to challenge lending decisions has benefitted around 40% of businesses who reached a successful alternative lending agreement (BBA report). Only 2% of the 14% of applications declined for credit (loans, credit cards […]
We are delighted to announce that Dr Ros Martin will be joining the Bayliss Ware Team as Tax Associate. Ros is head of the tax school for one of The Big Four firms, has provided tax consultancy support to Bayliss Ware for a number of years and has gained a well deserved reputation as an entertaining tax lecturer […]
April’s landmark High Court case against Eclipse Film Partners No 35 LLP, which saw them prevented from gaining £117m in tax relief, demonstrates to us that HMRC are hardening their attitude further on tax avoidance schemes. The partnership included football manager Sir Alex Ferguson alongside other wealthy members who were claiming tax relief on loans […]
Whilst us accountants may rely on technology, software and intensive training to produce results for clients, the human element cannot (and should never) be detached from our work. Unfortunately for clothing retailer SuperGroup, owner of the Superdry brand, the intervention of a human led to “arithmetic errors” in its forecasting, resulting in a £2.5m shortfall […]
It’s been some time in the making but when you decide to break the mould a little, it takes time to put a great website together. We are very proud to unveil our new logo and website to showcase just exactly why we are so successful being different to other accountancy practices.