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Blog: Accountancy News

Pension changes

Pension changes could leave GPs facing fines

Changes to pension allowances mean that GPs will need to submit new tax calculations to HMRC for the 2011/12 financial year. However it is unlikely that GPs will have access to the figures required to make these calculations in time, meaning they could face substantial financial penalties, healthcare accountants have warned. Recent changes to pension

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RMT Support North East Accountancy Awards

Following the success of the last five years, the Nigel Wright North East Accountancy Awards are back, and asking the Region to nominate the best in the finance and accounting sectors! The sixth North East Accountancy Awards will recognise excellence within the fields of accounting and finance and presents the biggest opportunity in the North East for

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Business fading with retirement

NEW research has uncovered a marked increase in the number of business owners who wind up rather than sell their business when they retire. Despite the tough economic conditions, thousands of businesses are being discontinued every year by owners over 60, often without them even trying to find a buyer, said research from Experian Corpfin.

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Tyneside MP calls for ransom payment change

NORTH East MP Mary Glindon has given her backing to a campaign by insolvency trade body R3 campaign for a change in the law which she says could save 2000 businesses a year. The Holding Rescue to Ransom campaign is calling for a change in legislation which would prevent suppliers demanding high payments, increasing their

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Take care in changing insolvency rules

INSOLVENCY experts are warning that proposed changes to the rules surrounding pre-pack administrations could cause new issues as well as addressing the perceived problems that creditors may have with the present system. Linda Farish, chairman of the North-east arm of insolvency trade body R3 and director of Recovery & Insolvency at Newcastle-based accountants RMT, was

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