August 4th, 2008
The government are again making winter fuel payments available to most people aged 60 or over. This amounts to either £125 or £250 dependent on your circumstances. Given the recent substantial increase in fuel prices any help with these bills is welcome.
Further information can be obtained at www.thepensionservice.gov.uk/winterfuel/home or phoning the helpline on 08459 15 15 [...]
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August 1st, 2008
Most business owners are by now prepared for a reduction in credit as the banks hold onto their cash, but there is another danger. If credit becomes tight enough, customers will delay paying outstanding bills. Here are five top tips to stop your cash from ebbing away:
1 - Run a credit check on all new [...]
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July 31st, 2008
Thomas Dickson at Essential Money has created this guide for dentists in all stages of their career - Whether working as an associate or running your own practice, there’s sure to be something of interest amongst the 106 ideas in this guide.
Browse to www.essentialmoney.co.uk/106 for your free copy! (Have your GDC Number ready)
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July 30th, 2008
A recent parliamentary debate raised the question of mileage allowances paid to volunteer drivers. For example, in rural areas voluntary bodies organise transport to outpatient clinics etc. - The service being provided by volunteer drivers, using their own cars, who are paid a mileage allowance. It was generally understood that if the allowance paid exceeds [...]
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July 30th, 2008
The general rule is that an employee has to pay tax on every benefit provided by his employer. However, a rather eclectic assortment of benefits has been exempted from tax, usually for policy reasons that have now been lost in the mists of time.
It is feasible for most of the tax-exempt benefits to be provided [...]
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July 29th, 2008
You may recall driving past the Eastbourne Humphrey & Co offices earlier this year and seeing a maze of scaffolding! The building work is coming on well, the scaffolding is all down and the front of the building now a duck egg blue. We thank our clients for their continued patience during this upheaval and look [...]
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July 29th, 2008
At Humphrey & Co we recommend to all our clients the use of cash ISAs as all interest received is tax free. From 6 April 2008, the maximum amount that can be invested in an ISA has increased. The overall limit is £7,200 each tax year, with a maximum of £3,600 that can be invested in [...]
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July 28th, 2008
Employers will shortly receive details from HMRC of what they can do to get ready for the tax code changes which will be required for many individuals following the Chancellor’s announcement in May.
The Chancellor announced that the basic personal allowance is increasing by £600 from £5,435 to £6,035 and the basic rate limit is reducing from [...]
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July 28th, 2008
Everyone starting out on their own needs to register with HM Revenue & Customs. You must do this as soon as you start or within the first three months, even if you already use a Self Assessment tax return. There are penalties for not registering, so contact one of the Humphrey & Co team as [...]
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July 23rd, 2008
If you make a donation to a charity and are a taxpayer in the UK, the receiving charity can claim back income tax on the donation directly from HM Revenue & Customs. This totals 22%, being 20% basic rate and a further 2% transitional relief (available until 2010-2011) introduced in the 2008 Budget.
A £20 donation [...]
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