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Welcome to the Haines Watts Newswire
January 2010
News
HM Revenue & Customs (HMRC) has created a new enforcement team to crack down on employers who are failing to pay their workers the National Minimum Wage (NMW). Read more...
Employers are being urged to ensure that they have a valid TV licence in place if they are allowing staff to watch television programmes in the workplace. Read more...
The cost of first and second-class stamps will rise from 6 April 2010, Royal Mail has announced. Read more...
Key dates
January 2010
19th: PAYE and CIS quarterly payment date for small employers and contractors.
PAYE/NIC due for the month to 5 January 2010.
31st: Balance of your 2008/09 income tax due, plus first payment on account for 2009/10 (interest will run on any payments due and not paid).
Filing date for Corporation Tax Return Form CT600 for period ended 31 January 2009.
Deadline for submitting your 2008/09 income tax self assessment return (up to £100 penalty if your return is late).
February 2010
1st: Due date for payment of Corporation Tax for period ended 30 April 2009.
2nd: for submitting P46(car) for employees whose car/fuel benefits.
19th: PAYE/NIC due for month to 5 February 2010.
28th: Filing date for Corporation Tax Return Form CT600 for period ended 28 February 2009.
5% penalty surcharge on any 2008/08 outstanding tax due on 31 January 2010 still remaining unpaid.
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Business Tips
Business Rates – Get a revaluation done now!
Your Business Rates valuations for 2010-2015 are well worth challenging. HW Expense Control, in conjunction with Altus Edwin Hill, a leading UK Chartered Surveyor, will be pleased to carry out a free-of-charge review of your circumstances. Challenges will be fast-tracked in advance of the April 1st deadline, with fees calculated as a percentage of reductions following a successful appeal.
To find out more contact HW Expense Control.
Excelling With Data!
When working with larger volumes of data, don’t always go straight to Excel to start work. In many cases, a database will be far more appropriate, vastly quicker and more manageable as the data increases. Whilst Excel is a fantastic tool for data manipulation, it’s reporting facilities are relatively poor compared to modern database software. Find out more
New Years Resolution – Make a will & review it regularly
If you die without making a will, your assets will be divided between your relatives according to the intestacy rules. This will be after IHT is paid at 40% on any value above £325,000 that goes to anyone other than your spouse or civil partner. Wills should be reviewed and, if necessary, updated regularly to ensure that they are still effective in the light of any changes in tax and other legislation. Find out more
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