Accounting Roundup : Business news, updates and advice – February 2018

Welcome to February’s Accounting Roundup where we explore latest real world and local news, tax updates, financial and business advice and accounting matters.

General

Northern Powerhouse Leaders have backed Transport for the North's £100bn proposals for the region, calling it "a "landmark moment". The 30-year plan is designed to create 850,000 jobs, support businesses, make travel easier across the North and better connect the area to the South of the country.

Read more : Thirty-year infrastructure plan launched to transform transport in the North

It is clearly time for change! According to a new study by IPPR North planned transport investment in London is two-and-a-half times higher per person than in the north of England, according to a new study.

London will receive £4,155 per person compared with just £1,600 in the North West, North East and Yorkshire.

Read more : Stop arguing over the figures and give the North a fair deal on transport

Brexit

Is it time to look more at the positives in 2018, are you tired of the doom and gloom? There are plenty of good news stories out there!

Read more : Most regional firms don’t feel threatened by Brexit, says study

Read more : Pound hits highest level since Brexit vote

Read more : The UK has just been named the best country for business in 2018

Read more : Cheap pound drives best factory growth in seven years

One Magazine

The latest issue of the Haines Watts One Magazine is now available, together with other recent publications, via the Resources section of our website. We have also recently added more videos on business challenges and how to overcome them.

Read more : One Magazine

Tax

HMRC have said that around 750,000 people missed the midnight 31 January deadline for filing their tax return and now run the risk of a fine. If you are one of these people, or just need reassurance that you are meeting your obligations, we can help!

Read more : 750,000 people face fine for filing tax return late: here's how you could avoid paying it

If you or any of your contacts require any tax advice simply contact us on 0113 398 1100 or email leeds@hwca.com

Read more : Do you need to complete a Self Assessment Tax Return?

Pensions

Our latest blog on pension and retirement options covers  income drawdown, where your pension pot remains invested and you draw an income from it. You are allowed to take as much money as you like, but the value of your fund will be affected by market performance.

Read more : Pension and retirement options - income drawdown

We recommend our clients to Tilney, one of the UK’s leading private client investment and wealth management company who provide top quality, solid and practical pensions advice You can sign up to their newsletter and financial planning magazine Here are more recent blogs.

Read more : Pension and retirement options – lump sum payments

Read more : Pensions and Retirement – what are your options?

We also support a wide range of businesses with online Payroll outsourcing. Our managed payroll services make all necessary submissions to the tax authorities on your behalf.

If you feel you have comments, questions or thoughts on our Accounting Roundup please let us know – honest feedback is always welcome!

Recent blogs

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Read more : Don’t forget to do your Self-Assessment Tax Return

Read more : Accounting Roundup : Business news, updates and advice – January 2018