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Accountants blast HMRC over ‘confusing’ child benefit repayment letters

Posted by on Sep 5, 2014 in News | Comments Off

Accountants blast HMRC over ‘confusing’ child benefit repayment letters

ACCOUNTANTS have criticised HMRC for sending out “confusing” letters to people it suspected of not repaying child benefit payments. Around 30,000 letters were sent to parents claiming they had failed to account for the child benefit charge when completing last year’s self-assessment tax return. However, accountancy firm UHY Hacker Young has criticised the “scattergun” approach, saying that checks to see whether the individual’s partner had already made the payment were not carried out, according to the...

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How to boost your firms profitability

Posted by on Sep 5, 2014 in News | Comments Off

How to boost your firms profitability

Uncontrolled growth is not only highly expensive, but can be emotionally draining. Heather Townsend and Jon Baker explain how to avoid this situation and boost the profitability of your practice. The full article, written by Townsend and Baker, appears in the IRIS-sponsored chapter of the Practice Profitability Guide 2014. You don’t have to be a qualified accountant to realise that a sole practitioner working out of a home office is going to have a very different level of costs and business expenses, compared to a practice with five or more...

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Eurozone Grounds to a Halt

Posted by on Sep 5, 2014 in News | Comments Off

Eurozone Grounds to a Halt

The euro area managed zero growth in the second quarter of this year, as ongoing geopolitical tensions weighed on output, statisticians have confirmed… The eurozone saw no growth whatsoever in the second quarter of this year, as ongoing tensions over Ukraine and weak demand weighed on output. Last month’s preliminary estimate of GDP suggested that growth was at zero, a reading that was confirmed by Eurostat on Friday. The news came a day after the European Central Bank (ECB) made 0.1 percentage point cuts to three of its interest rates,...

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48,000 use the Help To Buy Scheme

Posted by on Sep 5, 2014 in News | Comments Off

48,000 use the Help To Buy Scheme

More than 48,000 homeowners have used the government’s Help to Buy scheme since it started, figures have shown. But there is some evidence that the popularity of the scheme may have peaked. The number of people using the mortgage guarantee part of Help to Buy fell in June, compared with May. And one house builder reported that the equity loan part of the scheme – used for new-build houses in England – was less popular this summer than in 2013. Use of the mortgage guarantee scheme peaked in May, when 4,026 home-owners took...

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