Configure One™

Since its inception in the US in 2000, Configure One has been building its strong reputation as the leading provider in pioneering product configuration, pricing and quoting (CPQ) software. The company, whose corporate headquarters are based in Oak Brook, Illinois, develops Concept™, a web-based software package that allows businesses to streamline their operations by automating their sales, order entry, cataloging and engineering processes. In doing so, Concept Read more…

Important Tax changes!

The new tax year has seen some key changes made to the UK tax system. We finally have the introduction of the new statutory residence test whilst saying farewell to the concept of ordinary residence. There are significant changes to the treatment of loans to directors which are likely to make a tax charge unavoidable and need to be understood by all company owner/managers who Read more…

New tax task-forces launched

The holiday industry in East Anglia, people in London claiming VAT repayments they are not entitled to and Northern Ireland’s restaurant trade are being targeted by new HM Revenue & Customs (HMRC) taskforces. Launched on 13 May, the taskforces are seeking to recover £2.5 million in East Anglia, £2.9 million in Northern Ireland and more than £7.5 million in London, while also preventing further fraudulent Read more…

Consultancy charges to be axed for worker pension pots

The government is stepping in to tackle inappropriate charges in automatic enrolment pension schemes. The Department for Work & Pensions (DWP) announced on 10 May that it would ban consultancy charges in such schemes. At present, firms can provide advice to their employers but take the fees for this from employees’ pension pots. But over the last six months, the government has reviewed consultancy charges, Read more…

Offshore structures face crackdown

HM Revenue & Customs (HMRC) has teamed up with tax authorities in the United States and Australia to investigate data revealing the extensive use of complex offshore structures to conceal assets by wealthy individuals and companies. HMRC said on 9 May that the 400 gigabytes of data were still being analysed but early results showed the use of companies and trusts in territories including Singapore, Read more…

PAYE tax payments in the spotlight

HM Revenue & Customs (HMRC) has started its annual end of year reconciliation to check whether PAYE taxpayers have paid the right amount of tax in 2012-13. HMRC said on 17 May that around 85 per cent of people in PAYE would have paid the right amount of tax for the year. But anyone who has paid too little or too much tax under PAYE Read more…

RTI: new advice on national insurance numbers

Tax chiefs have issued new guidance to employers operating PAYE after HM Revenue & Customs (HMRC) issued a number of national insurance numbers that were missing a final letter. Following the introduction of PAYE Real Time Information (RTI) reporting in April, it said on 16 May that as a result of some national insurance number verification requests (NVRs) and full payment submissions (FPS) involving missing Read more…

New employers offered expert advice

Small firms thinking about taking on their first employee are being offered a helping hand in new guidance launched by employment relations specialists Acas. Its free Step by Step guides are designed to help small and medium-sized businesses get the best from their people and stay on the right side of the law. Acas chief executive Anne Sharp said: “Some employers want to grow their Read more…

Look overseas, SMEs urged

A national initiative has been encouraging businesses across the UK to take advantage of high growth export markets. Export Week, which ran from 13-17 May, is designed to boost the number of small businesses that export and help meet a government target of getting 100,000 more British SMEs exporting over the next five years. It is also part of a broader campaign to increase the Read more…

Eze Castle Integration Inc.

Setting up a business always involves challenges. Setting up a business on the other side of the world takes those challenges to another level. But with the advice and expertise of Wilder Coe and Boston, Massachusetts based accountants and business advisors Caras and Shulman, Eze Castle Integration – a leading provider of technology and IT services to hedge fund and investment firms – has negotiated Read more…