Like businesses up and down the country (and beyond), we’re eagerly anticipating Chancellor Osborne’s Budget on 19 March and hoping that it contains measures to support and encourage continued growth throughout the economy. Here’s a reminder of some measures already announced: Corporate The main rate of corporation tax will fall to 21% in April 2014 before reducing further to 20% from … Read More
New Partnership Tax Rules
From 6 April 2014, the rules governing the taxation of partnerships will change significantly and could affect a large number of people working under such arrangements. The two main areas of focus are: Limited Liability Partnerships From 6 April 2014, the automatic presumption of self-employment will be removed for partners of LLPs. The salaried member legislation is being amended so … Read More
Curo featured in Economia magazine
We’re delighted to be featured in this month’s Economia magazine, the official publication of the Institute of Chartered Accountants in England and Wales (ICAEW). The article covers Curo’s early days, issues faced and how the business has expanded over the years. It also explains Curo’s unique approach to accountancy which has led to the firm being recognised as one of … Read More
Statutory Residence Tests – the new rules
Statutory Residence Tests – the new rules From 6 April 2013 the rules determining if someone is resident in the UK for tax purposes have been put on a statutory basis known as the Statutory Residence Test (SRT). The SRT is used to determine an individual’s status for income tax, capital gains tax and inheritance tax but not national insurance. … Read More
How to avoid a fake accountant
Accountants are all the same, right? Wrong. Just about anyone who deals with numbers could call themselves an accountant. They don’t have to be trained or qualified in anything or be subject to monitoring from any recognised professional body. Being ‘chartered’ means someone is professionally qualified and includes not only accountants but also surveyors and engineers. Chartered professionals have had … Read More
Landlords in latest tax amnesty
Landlords are the latest in HMRC’s tax amnesty drive. If you own and rent out a residential property, HMRC is urging you to bring your tax affairs up to date before an Inspector knocks on your door. It’s estimated that up to 1.5m landlords are underpaying as much as £500m in tax every year in the UK and this sector … Read More
Employer Bulletin from HMRC
HMRC has this week published a handy ‘Employer Bulletin’ packed full of information to help employers fulfil their tax obligations. The information includes: New helpline numbers RTI top tips Info on pension auto enrolment Tax credits Toolkits to reduce errors plus a range of other useful topics. Curo’s payroll department can assist and advise on your obligations in this area … Read More
HMRC crackdowns hit SMEs the hardest
Compliance investigations undertaken by HMRC into the SME sector netted £565m in penalties and fines for the 2012/13 tax year. This haul represents an increase of 13% on the prevous year as HMRC continues its onslaught on the corporate sector, desperate to hit government-imposed tax recovery targets. The SME sector is being seen as ‘easy pickings’ in respect of tax investigations … Read More
Curo Chartered Accountants grows by five new recruits
Worcestershire-based Curo Chartered Accountants continues to grow at a rapid pace and has recently added five new recruits to its award-winning practice. The team is now strengthened by further experienced technical staff for both the audit and taxation offerings. Says Partner Anna Madden “We’ve been fortunate to recruit some excellent regional talent, including another ex ‘Big 4’ auditor and a … Read More
Worcestershire Women of the Year finalists interviewed
The Worcestershire Women of the Year awards lunch is taking place on 27 September. The finalists were filmed talking about their achievements to date and plans for the future. This can now be viewed on You Tube. .