We are in the Carmarthen Journal today

The latest Looking After Business column from Carmarthen accountants Clay Shaw Butler is in the Carmarthen Journal today.

Pensions timetable revised

The timetable for the introduction of Pensions Auto Enrolment has been revised for smaller employers - http://www.clayshawbutler.com/ard/eNEWS_Article.asp?AID=518&ID=2882

Tax event due on March 19

The following Tax Events are due on 19 March 2012:
PAYE, Student loan and CIS deductions are due for the month to 5th March 2012
What this means for you?
This deadline is relevant to employers who have made PAYE deductions from their employees salaries and to contractors who have paid subcontractors under the CIS. The contractors monthly return showing details of payments made to subcontractors must also be filed even if this a nil return.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd March 2012. Penalties may apply if payment is made late.

How we can help construction and property businesses

Check out what we can do for the construction and property sector - http://www.clayshawbutler.com/construction-property-sector.htm

New face at Clay Shaw Butler

There's a new face to welcome you to the Clay Shaw Butler office in Lammas Street, Carmarthen.
Nerys Jones, 25, from Cross Hands, has just joined Clay Shaw Butler as an administrator. Nerys is a former pupil of Ysgol Gyfun Maes-yr-Yrfa in Cefneithin.

Tax events due on March 1

The following Tax Events are due on 01 March 2012:
5% late payment penalty on any 2010/11 outstanding tax due on 31st January 2012 still remaining unpaid
What this means for you?
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax and Class 4 NI liabilities and any capital gains tax.
The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5th April 2011 was due for payment by 31st January 2012. Where the payment is made late interest will be charged. On 1st March 2012 a late payment penalty of 5% will be added to the outstanding liability.

HMRC bid to tackle fraud

As part of the government's commitment to tackle fraud, HMRC's new Contractual Disclosure Facility (CDF) has been launched. Find out more on our website -
http://www.clayshawbutler.com/ard/eNEWS_Article.asp?AID=518&ID=2840