January E-news30/1/2012
December E-news23/12/2011
Chancellors Autumn Statement - An Update13/12/2011
November E-news01/12/2011
Chancellors Autumn Statement30/11/2011
October E-news31/10/2011
September E-news03/10/2011
August E-news12/09/2011
Attend our FREE Tax Seminar19/08/2011
July E-news08/08/2011
Pensioners losing out on vital income, says specialist22/07/2011
Jump in activity boosts deals market22/07/2011
Chris carries on Hawsons' tradition22/07/2011
June E-news04/07/2011
May E-news06/06/2011
April E-news28/04/2011
March E-news04/04/2011
Budget 201129/03/2011
Tax Rates 2011 Budget29/03/2011
Year End Tax Planning Supplement24/2/2011


January E-news


In this month’s enews we report that HMRC have announced they will not charge penalties on Self Assessment returns filed up to two days late! We also include several articles on employment related issues. Please contact us if you would like any further information.

CONTENTS
Self Assessment deadline and penalties
Online VAT returns and electronic payments
PAYE tax codes
HMRC now able to accept Faster Payments
Gangmasters and temporary workers for the Olympics
HMRC introduce new procedures for civil fraud
Agency Workers Regulations
Unemployment high

December E-news

In this month’s enews we report on some further announcements made following the Autumn Statement. Please browse through this month’s articles using the links below and contact us if any issues or questions arise.
With best wishes for 2012.

CONTENTS
Pensions Auto enrolment
Advisory fuel rates for company cars
Capital allowances in Enterprise Zones
Seed Enterprise Investment Scheme
Statutory Residence Test
Self assessment deadline fast approaching
The Portas Review
HMRC to accept Faster Payments
2012/13 Statutory Payments

Chancellors Autumn Statement -An Update

Click here


November E-news

In this month’s enews we report on various issues including the Chancellor’s Autumn Statement and HMRC’s latest targets. Please contact us if you would like any further details on any of the issues covered.

CONTENTS
Autumn Statement
New HMRC Taskforces
VAT and duty on shopping
Parties for employees
Consultation – have your say
Fighting Customs and Excise fraud and tax evasion
Unemployment rises to 2.62 million
EU VAT registration letter scam

Chancellors Autumn Statement

Click here


October E-news

In this month’s enews we report on HMRC’s latest disclosure opportunity. Please contact us if you would like any further details on any of the issues covered.

CONTENTS
HMRC launch the Tax Catch Up Plan
Plan to boost the economy
HMRC extend Business Records Checks
Make sure your employee information is correct
National Insurance Numbers - by letter
HMRC issue updated guidance for employees on childcare
Importing and Exporting Guide

September E-news

In this month’s enews we report on increases to the NMW rates

Please contact us if you would like any further details on any of the issues covered.

CONTENTS
National Minimum Wage rates
Advisory fuel rates for company cars
Agreement with Switzerland to secure billions in unpaid tax
Unemployment figures
HMRC reminder on new tax return penalties
School Charities - Gift Aid and Payroll Giving guide
Revised construction industry penalties
HMRC report increase in phishing scams

August E-news

In this month’s enews we report on HMRC’s announcement of a Civil Disorder Helpline.

Please contact us if you would like any further details on any of the issues covered.

CONTENTS
HMRC Civil Disorder helpline
Pensions online interactive tools
‘Ghost’ plumbers arrested in tax raids
Autoclenz status case
Closure of HMRC's old bank accounts
Data Protection Breach
HMRC update advice on delayed statements
Enterprise Zones

Attend our FREE Tax Seminar

Sheffield - Wednesday 21 September
Doncaster - Wednesday 12 October

Click here for full details


July E-news

In this month’s enews we report on the late issue of taxpayer statements and penalty notifications.

Please contact us if you would like any further detail on any of the issues.

CONTENTS
HMRC late issuing statements
Tribunal criticises HMRC for delay in issuing penalties
Online Olympics advice
Payments Council to keep cheques
HMRC target businesses not registered for VAT
Tax credit fraud
Holiday entitlement
Real Time Information

Pensioners losing out on vital income, says specialist

Hundreds of newly-retiring South Yorkshire workers with medical conditions are potentially missing out on thousands of pounds of pension entitlement, a pension specialist warned today.

Nigel Smith, Director of Sheffield-based Hawsons Wealth Management, estimates that up to two thirds of retirees buying annuities with pension funds do not realise that if they are taking prescription medicines they may be able to secure a much better return.
    “By accepting the first annuity rate they are offered, say 4.5 per cent, as many people do, they are possibly foregoing thousands of pounds of income because if they are taking prescription medication the return could be much higher and in many cases could result in a significant increase in their retirement income and therefore standard of living.”

    “Insurers offer these higher rates because of shorter life expectancy and we regularly come across instances where finding an improved rate for a client can produce far greater income than initially offered. That could make a huge difference to someone’s lifestyle in retirement.”

    “Even in good health it pays to seek advice and shop around as annuity rates vary dramatically between providers and quite often the rate offered by your existing pension provider is not the best.”
Anyone wanting information or guidance should contact Nigel on 0114 229 6557 hwm@hawsons.co.uk


Jump in activity boosts deals market

A marked year-on-year increase in its deals activity could be a clear indication that buyers and sellers of businesses are becoming more confident in the market, a Sheffield firm of Chartered Accountants and specialist business advisers says today.

Kevin Gregory, a partner with Hawsons, of Glossop Road, Sheffield, points to a pick-up in the number of sales and acquisitions they have been involved in, particularly since Christmas, as an indication of brighter times ahead.

He adds: “I think sellers who had been sitting tight because of depressed values caused by difficult economic times are now more optimistic that they can achieve a more favourable price and, correspondingly, buyers have a new confidence about the future. The two elements have come together to produce a more active market.”

Recent deals in which Hawsons have played a part include the management buy-out of Bakewell Veterinary Clinic, the acquisition of Evergreen Doors by Distinction Doors Ltd., of Wentworth Industrial Estate, Tankersley, Barnsley, and the acquisition of HallRail of Tyne and Wear by Doncaster-based Trackwork Ltd.


Chris carries on Hawsons’ tradition

Chris Hill, general practice partner with leading Sheffield-based independent chartered accountants and specialist business advisers Hawsons, has been elected vice-president of the Sheffield and District Society of Chartered Accountants.

Father-of-two Chris, from Broomhill, Sheffield, will take over as president in May 2013, following in the footsteps of Hawsons’ founder member Alfred Allott who was the Society’s first president in 1877, and William George Hawson, a former partner, who held office in 1886.

Current managing partner, Richard Frost, is also a past president of the Society.


June E-news

In this month’s enews we report on HMRC’s plans to extend their ‘tax cheats’ campaigns.

Please browse through the articles using the links below and contact us if any issues or questions arise.

Please do get in touch if you would like more detail.

CONTENTS
HMRC extend ‘tax cheats’ campaigns
Another email scam warning from HMRC
Workplace pensions reform
Consultation on residency
The Bribery Act
Tax credits renewal deadline
Changes to the law to protect Patent and Design rights
P11D deadline looming

May E-news

In this month’s enews we report on HMRC’s plans for compliance checks and important information for employers and employees.

Please do get in touch if you would like more detail.

CONTENTS
Advisory fuel rates for company cars
HMRC trial single compliance process
CBI survey on sick days and the impact of fit notes
HMRC warn of email rebate scam
Flexible working consultation
HMRC’s new task force to tackle ‘tax dodgers’
Agency workers guidance
HMRC's Basic PAYE Tools update
HSE launch Health and Safety Made Simple

April E-news

In this month’s enews we report on many employer related issues including the announcement of the new National Minimum Wage rates.

Please do get in touch if you have any queries.

CONTENTS
Real Time Information
Cheque Guarantee Card Scheme to end
Penalties on late payment of PAYE
National Minimum Wage rates
P11D deadline looming
Online VAT returns
Implementation date announced for the Bribery Act 2010

March E-news

This month’s enews is dominated by the Budget. George Osborne had some significant announcements to make which are set out below. We also report on other news.

Please browse through this month’s articles using the links below and contact us if any issues or questions arise.

CONTENTS
Budget Statement
Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs)
Corporation tax rates
Approved mileage allowance payments (AMAP)
Entrepreneurs’ Relief (ER)
Research and Developments (R&D) Tax Credits
Enterprise Zones
£1.3 million tax credits identity thief jailed
HMRC launch business records tools
Plumbers Tax Safe Plan
Fuel Prices
Help for small businesses
HMRC online services unavailable
Standard rate of VAT- updated guidance
Retirement and the removal of the Default Retirement Age

Budget 2011

Full details of the 2011 Budget click here


Budget 2011 Tax rates

2011 Budget Tax Ratesclick here


Year End Tax Planning Supplement

Download available here