Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....
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NHS pension tax causes doctors to cut hours
A report compiled by the Academy of Medical Royal Colleges (AoMRC) has shown that some NHS services are struggling to remain open as doctors cut their hours to avoid being taxed on their pensions. Doctors are often refusing additional work as the taxes on pensions can...
Tax Rates 2019/2020
Tax Rates 2019/20 We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax...
The Election result: What are the tax implications?
The Election result: What are the tax implications? The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the...
The Autumn Statement 2016 predictions
Autumn Statement predictions The Autumn Statement 2016 on Wednesday is set to be an important event. It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we expect in the...
Brexit: impact on investments, pensions and tax
Brexit: impact on investment, pensions and tax On 23rd June 2016 the UK voted to leave the European Union. Brexit has created an air of uncertainty and no one really knows what’s coming next or what it could all mean in the long term; however, many individuals are...
One year on from the 2015 new pensions rules – key stats
New pensions rules - key stats According to HMRC figures released last month, over 230,000 people have used the new pension rules, introduced one year ago, to access over £4.3bn in pensions saving. Since the pension flexibility rules took effect from 6 April 2015:...
Beware of auto enrolment fines for non-compliance
On the back of The Pensions Regulator fining Swindon Town Football Company £22,900 after it failed to put eligible workers into a pension scheme, this article is a worthwhile reminder of auto enrolment fines. What auto-enrolment fines could you receive? If your...
The new Lifetime ISA – details beyond the tax free headlines
The new Lifetime ISA - details beyond the tax free headlines One of the more welcome announcements for individuals and "the next generation" from the recent 2016 Budget was the introduction of the new Lifetime ISA in April 2017. This is a new measure aimed at helping...
Hawsons makes history after 165 years in business
Hawsons Chartered Accountants is 165 years old Hawsons Chartered Accountants was founded in the city of Sheffield in 1854 – more than 25 years before the creation of the Institute of Chartered Accountants in England and Wales – by Alfred Allott and John Hewett....
NHS pension tax causes doctors to cut hours
A report compiled by the Academy of Medical Royal Colleges (AoMRC) has shown that some NHS services are struggling to remain open as doctors cut their hours to avoid being taxed on their pensions. Doctors are often refusing additional work as the taxes on pensions can...
Tax Rates 2019/2020
Tax Rates 2019/20 We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax...