Hanleys Financial

Overseeing your Finances

Hanleys Financial News archive will keep you informed of changes in legislation or recent news articles that may affect your business.

We regularly review the business literature for articles of interest to our clients.

Let us help you to keep in touch and keep your business "ontrack"

News archive

 
Hanleys Financial News

Published: 1 June 2009

PHIL WAINE IS OUR NEW DIRECTOR

The Directors of Hanleys Limited are pleased to announce the appointment of Phil Waine as a director in the business with effect from the 1st June 2009.

Phil joined the practice from Booth Ainswoth in November 2006 and has been very successful in developing a specialisation in all accounting and
taxation issues related to Flat Management Companies. His portfolio within the business has continued to expand and necessitated the training of a
small select team to service this constant stream of new work.

Phil in his role as a director within Hanleys will continue to pursue new work through existing and new contacts and he will also become more involved in overseeing staff
training. While it is accepted that Phil has a niche marketing opportunity in the Flat Management world he does not
want to rule out developing his portfolio into other general practice areas.

Published: 8 December 2008

OUR NEW LYMM OFFICE

Hanleys are proud to announce that on the 8th December they succeeded in purchasing the business of Alex Parker & Co, a firm of Chartered Certified Accountants in Lymm. The business comprises a wide range of clients operating in many different types of industries and the mix will complement the portfolio of clients already dealt with by Hanleys. We would like to welcome all new clients to Hanleys and wish all our clients a very happy Christmas and a prosperous New Year.

Published: 30 September 2008

New Employment Legislation

With effect from 1 October 2008

The Employers Liability (Compulsory Insurance) Amendment Regulations 2008 omit the requirement for an
employer to retain a copy of its employer liability insurance certificate for 40 years (although as a matter of good
practice businesses should maintain such records to ensure they can deal with any personal injury claims). In
addition, under the new provisions, the requirements for the display of the certificate at each business premises
will be satisfied if the certificate is made available in electronic form and is reasonably accessible to the relevant
employees.

The National Minimum Wage Regulations 1999 (Amendment) Regulations 2008 increase the principal rate of
the national minimum wage from £5.52 to £5.73 per hour, the rate paid to workers aged between 18 and 21 from
£4.60 to £4.77 per hour and the rate paid to workers aged below 18 who have ceased to be of compulsory
school age from £3.40 to £3.53 per hour. The regulations also amend the per day value of the accommodation
amount which is applicable where an employer provides a worker with living accommodation. The amendment
increases the amount from £4.30 to £4.46 for each day that accommodation is provided.

Published: 2 September 2008

Companies Act Regulation Changes

From 1 October 2008:

· The minimum age for a director becomes 16 years. Any underage appointments at that time will automatically be voided.

· Shareholders’ addresses on the annual return. For private companies only shareholder names will be required. For public companies shareholder names will be required only for those that hold 5% or more of any shares class and shareholder addresses for public companies trading on a regulated market.

New Company`s Accounts Filing Deadlines

For all accounting periods commencing after 6 April 2008, Private companies now have only 9 months to file their accounts and public companies 7 months.

Published: 2 September 2008

Stamp Duty Press Release


Stamp Duty

The Chancellor of the Exchequer has today announced that stamp duty land tax will not apply to purchases of residential property of £175,000 or less.

This will provide an exemption from stamp duty land tax for land transactions consisting entirely of residential property where the chargeable consideration is not more than £175,000.

This relief will apply to transactions with an effective date on or after 3rd September and before 3rd September 2009.

Published: 8th August 2008

PAYE: Employee tax refunds following increase in Personal Allowance

The Personal Allowance increase will be backdated to the 6th April, and will give rise to potential refunds for some employees. The usual procedure is for the Employers to fund these refunds by deduction from the next payment due to HM Revenue & Customs. However if your next payment is insufficient to cover the employee refund(s), then you can apply for funding from HM Revenue & Customs to cover the balance. Information on how to apply for Funding for Employee tax refunds can be found on the HM Revenue & Customs web site using our links page.