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Archive | October, 2011

Companies House confirms receipt of first iXBRL accounts

Accountants may be interested to learn that Companies House has confirmed receipt of the first set of accounts filed in iXBRL format.

Tax accountant claims that footballers are not tax evaders

A senior tax accountant has said that the media unfairly portrays professional footballers that take advantage of honest tax schemes to reduce their tax liability as tax evaders.

Tax accountants can now check PAYE tax codes online

Tax accountants and advisers will be pleased to learn that they are now able to check some of their client’s tax codes online.

Is HMRC’s Single Compliance Process for SMEs realistic?

HMRC recently issued new guidelines for dealing with tax enquiries but tax accountants are urging the government department to rethink them before they are rolled out nationwide.

Intuit releases new version of QuickBooks accounting software

Online accountants may be interested to learn that Intuit has launched the latest release of its popular QuickBooks software.

HMRC has been issuing inaccurate late filing P35 penalties

A northwest accountancy firm is warning SMEs that HMRC has issued a lot of inaccurate fines over the last few months.

HMRC PAYE returns show that 572 UK firms employ Mr or Mrs ‘X’

Small business owners may want to consider using the services of a qualified accountant after HMRC highlighted the fact that a lot of PAYE returns contain incorrect information.

Family staffed firms warned about scholarship expenses scheme

HMRC has warned small family run businesses that they should not use the employee scholarship scheme as a way of obtaining cheap university fees for their offspring.

HMRC sets up new unit to tackle tax evasion

Accountants may start to get enquiries from people holding HSBC Swiss banks accounts after HMRC announced that it is giving them the opportunity to disclose any previously unpaid taxes.

Have contractor accountants received pay rises this year?

A new survey from Robert Walters shows that 50% of accountants have received a salary increase this year. Of those who have seen their salary rise, 41% received an increase in excess of 5%.