A new horizon for Simmons…

Posted on 1st Oct 2021

Following the successful adoption of remote working during lockdown and an entire rethink of our requirements, we are delighted to announce that we have completed the move to our new office on the 14th floor of 33 Cavendish Square. We remain situated in close proximity...[more]

Deferring National Insurance payments

Posted on 16th May 2024

Employees with more than one job may be able to defer or delay paying Class 1 National Insurance in certain circumstances. This deferment can be considered when any of the following apply: You pay Class 1 National Insurance with more than one employer. You earn...[more]

Check a VAT number

Posted on 16th May 2024

The Check a UK VAT number service is available at: www.gov.uk/check-uk-vat-number. This service allows users to check: if a UK VAT registration number is valid; and the name and address of the registered business. The service also allows UK taxpayers to obtain a certificate to prove...[more]

Closing a limited company

Posted on 16th May 2024

There are a number of reasons why you may need to close your limited company. This could be because the company structure no longer suits your needs, your business is no longer active, or the company is insolvent. You will usually need the agreement of all...[more]

Beneficial tax-exempt loans

Posted on 16th May 2024

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the interest the employee pays, if any, and the commercial rate the employee would have to pay on a loan obtained elsewhere. These types...[more]

Register an overseas company

Posted on 16th May 2024

An overseas company must register with Companies House if they want to set up a place of business in the UK. This would mean that the overseas company has a physical presence in the UK through which it carries on business. If an overseas company does...[more]

Employing staff for the first time?

Posted on 16th May 2024

There are a number of rules and regulations that you must be aware of when you employ staff for the first time. HMRC’s guidance sets out some important issues to be aware of when becoming an employer. Decide how much to pay someone - you must pay...[more]

Company names – new regulations

Posted on 13th May 2024

A recent post by Companies House confirmed that they are now using new powers to challenge the registration of certain company names. Extracts from their recent blog post is reproduced below: “New powers to challenge company names   These new measures build on existing controls on company names. Names cannot be...[more]

Customs declaration deadline

Posted on 13th May 2024

A reminder that businesses must submit all export declarations through the Customs Declaration Service (CDS) by 4 June. Businesses exporting goods have less than one month left to move across to the CDS, HM Revenue and Customs (HMRC) announced today. Export declarations must be submitted...[more]

Lifetime transfers and liability to IHT

Posted on 9th May 2024

There are special rules concerning the liability to IHT of a transfer made during a lifetime. For example, most gifts made during a person's life are not subject to tax at the time of the gift. These lifetime transfers are known as 'potentially exempt transfers' or...[more]

Do you need to register for…

Posted on 9th May 2024

The Economic Crime Levy is a levy that applies to businesses that are already regulated for anti-money laundering purposes. Your business must register if your UK revenue is £10.2 million or more in a financial year and: Your business is already regulated by HMRC for...[more]

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