Businesses shouldn’t be afraid to approach banks for lending, that was the message from Banks Chartered Accountants director Neil Elsden when he addressed the Swindon Business Growth Forum
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Smartphones now exempt from NI tax
Good news for employers who provide smartphones to their staff. HMRC has just announced that Blackberrys, iPhones and the like will no longer be viewed as a benefit in kind, and so no longer be liable for Class1A National Insurance. Similarly, there will no longer be a need for employers to record smartphones on the [...]
Post may bring unwelcome delivery for anyone filing late tax returns
Tax payers who failed to provide their self assessment returns in time might not welcome a visit from the postman over the next couple of weeks. HMRC has started sending out penalty notices to later filers for 2010/11. This year, some 900,000 people will receive them – fewer than in 2009/10, when 1.4million missed the deadline, [...]
HMRC drops unpopular spot-check system
Good news for businesses – HMRC has dropped its scheme of Business Record Checks, where inspectors carried out spot checks on companies’ paperwork. While HMRC promoted the scheme as providing a “helping hand”, in reality it proved unpopular among businesses and accountants alike, because it created extra work and was something of a hindrance. Following [...]
We did it! Team Banks ran the Swindon Half Marathon
Team Banks successfully ran the Swindon Half Marathon on Saturday 9th October. A big thank you to those who have already supported us, and a reminder that it’s not too late to donate…
We’re running for charity!
A group of us at Banks are running the Swindon Half Marathon to raise money for Wiltshire Young Carers. All donations would be gratefully received.
Please click here for more information: http://www.justgiving.com/traceyheath
Thanks for your support!
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