Highlighting the Good NewsHighlighting the Good NewsWe have the usual mix of good and bad news for you in our autumn newsletter. However the emphasis is definitely on the good news.
Within a few years, all employers will be required to file end of year returns electronically and may also have to pay PAYE and NIC electronically. The good news is that smaller employers choosing to file electronically earlier than they need could be in line for over £800 in financial incentives.
Following a recent court case, a specific inheritance tax planning opportunity has been blocked. The good news is that other opportunities to mitigate potential exposure to the tax still exist.
The capital gains tax taper relief rules on business assets have been amended yet again. Although the introduction of the latest change is delayed until April 2004, the good news is that more assets will then qualify for the enhanced relief.
Work-related stress is on the increase with as many as one in five employees affected. The good news is that the Health and Safety Executive has some advice to help employers prevent stress becoming a problem.
Our newsletter includes articles on all of the above as well as the announcement of a year’s delay in the introduction of the reforms to the taxation of pensions. We also include an article on business continuity management. Please give it a quick read; we all assume it will never happen to us! If any of the articles strikes a chord with you please talk to us. Remember we are only a phone call or email away.