This ebullient is about

  1. Quick File - A FREE on-line Bookkeeping software
  2. We now accept Payment through Direct Debits and Debit or Credit cards
  3. New Enterprise Allowance
  4. Unpaid Class 2 NICs
  5. Offshore Employment Intermediaries
  6. Illegal Employment
  7. Share buybacks
  8. Tax relief on pension

     

1

Quick File is a completely Free Online Accounting Service dedicated for small to medium sized businesses.
Quick File is incredibly simple to use and written in plain English! You can create your own professional looking invoices, track what you are owed and how much you owe to your suppliers.
Quick File is packed with useful features and best of all it is 100% free, no trial periods, limits or credit cards required!

What Makes Quick File Different from other Accounting Software Providers?
  • No trial limits, no restricted features or imposed limits...and definitely no need to provide your credit card details.
  • Highly intuitive software, no jargon, simple bookkeeping for the non-accountant.
  • The software is constantly updated giving you the best tools in the industry to manage your accounts.
  • Save £1000s on unnecessary bookkeeping fees.
Click here for Full Feature List
  

2

We have joined Gocardless to take payment through direct debit for ease of your cash flow. Please click on gocardless logo to sign up for direct debit mandate for your annual accountancy services fees. It is secure way to manage your business payments.
If you like to use this service for your own business as well, feel free to visit Gocardless website
 We also take payment through Debit or Credit Card now using Stripe. You can pay for your invoice through quickfile login to customer panel by clicking on payonline at invoice screen.
If you like to use this service for your own business as well, feel free to visit Stripe website

3

  If you know anyone need some help starting a new business then this information would be handy for them, feel free to pass on to them. New Enterprise Allowance can provide money and support to help start own business if one is getting certain benefits. Contact Jobcentre Plus to apply.
  

4

Unpaid Class 2 NICs : From April 2014, HMRC will be able to recover unpaid Class 2 National Insurance contributions by an adjustment to a PAYE code number.
  

5

HMRC have published draft guidance on proposals to strengthen legislation where there is an offshore employment intermediary.

  



The Home Office has updated its guidance for employers on preventing illegal employment in the UK.


The advice includes explanations on:
  • the law on illegal working;
  • the roles and duties of employers;
  • employers’ document checks;
  • images of the various documents that employers could be given;
  • the various types of immigration statuses held by people; and
  • the consequences of not carrying out document checks etc.
The specific changes in the new guidance relate to:
(a) the restrictions on Bulgarian and Romanian nationals that ended on 31 December 2013;
(b) the restrictions on Croatian nationals which came into force on 1 July 2013;
(c) information on paying a civil penalty; and
(d) an additional circumstance in which an employer’s sponsor licence could be revoked if a civil penalty is received.
  

7

The Department for Business, Innovation & Skills (BIS) has published new guidance on the rules relating to share buybacks. Changes to the Companies Act 2006 (Amendment of Part 18) Regulations 2013 make it easier for companies that wish to pursue direct employee ownership to buy back shares from employees who leave the company.
This helps avoid the dilution of share ownership outside their company.

 

  

8

Tax relief for pension contributions is valuable, particularly for those who suffer high marginal tax rates. However, advisers should note that limits are reducing and, as work life becomes more complex (for example, where contributions are made to both defined benefits and defined contributions schemes), particular care must be taken when advising of the potential relief available. Straying outside the limits could prove to be an expensive mistake.

Pension savings annual allowance calculator

Pension input amount calculator


 
  

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