Time to declare your offshore assets

HMRC is urging taxpayers to come forward and declare any foreign income or profits on offshore assets before September 30 to avoid higher tax penalties. New legislation called ‘Requirement to Correct’ requires people to notify the taxman about any offshore liabilities relating to inco

Lea Hough seal a deal to expand practice

Leading North West Chartered Surveyors Lea Hough has continued its recent period of growth in a deal that sees it join forces with a Lancaster firm. Matthew Parkinson Surveying has become part of the Preston-headquartered business, with Matthew Parkinson joining the practice as a part

Sole traders need recognition

Figures from the Federation of Small Businesses (FSB) reveals that the UK’s self-employed contribute a staggering £270bn to the national economy every year. There are now 4.8 million self-employed people – that is 15 per cent of all people in work. And the FSB, which is headquartered

Paying the pension penalty

A healthcare company and its managing director were ordered to pay more than £20,000 after they admitted misleading The Pensions Regulator (TPR) about providing their staff with a workplace pension. They each pleaded guilty to one charge of knowingly or recklessly providing false or m

Promotions as WNJ looks to the future

WNJ has announced a string of promotions as the practice continues to reward talent and invest in the people delivering its leading services to a growing client base. The move sees the creation of four new Associates, all dedicated to building even stronger relationships with WNJ’s cl

Rewarding the very best in local sport

WNJ has once again helped recognised the people who make sport happen in the Preston area at a very special evening of celebration. We sponsored the Secondary School of the Year category in the annual GLL Preston Sports Awards. And we were delighted to hand over the award to the worth

Make sure rule changes aren’t taxing

The new tax year is upon us and that means a host of previously-announced rule changes have now come into force. Many will have an impact on small business owners and the self-employed, so it is important to be aware of them and to take advice to ensure that they don’t have an adverse

Powerhouse fund continues to drive growth

The new £400 million Northern Powerhouse Investment Fund (NPIF) continues to support growth – working to help businesses across the North West realise their potential. And it is making a difference, with a number of Lancashire businesses of all sizes receiving funding packages t

Are you paying the minimum wage?

Almost 200 employers have been identified by the government this month for failing to pay the minimum wage to almost 10,000 workers. And there are warnings that many more may face hefty fines and demands for back payment of wages in the coming months. The Department for Business, Ener

Spring statement – nothing to see here

It was previewed as being a low key affair and Chancellor Philip Hammond’s Spring Statement certainly lived up to that billing. Those who weren’t expecting much were not disappointed and for many businesses already battling with a raft of legislation and used to the double-whammy of t

Milestone reached in workplace pension plan

The number of employers in the UK meeting their workplace pension duties has hit one million, new figures have revealed. The Pensions Regulator (TPR) published statistics this month showing how many employers are compliant with automatic enrolment, leading to around 9.3m people saving

Driving growth through trusted methods

The UK’s SMEs are going ‘back to basics’ when it comes to their plans to drive growth this year, according to an interesting new report. ‘Customer focus’ is at the heart of the strategy for most small businesses over the next 12 months, a survey carried out by American Express and Oxf