• Academy related party transactions


    Academies, as with other schools will often transact with individuals that are governors or businesses that they are connected to. A vast majority of these transactions will be as a result of individuals being willing and able to provide the service that the academy needs whilst providing the best value for money that the academy could obtain. In some cases however, the acts of a few individuals can mar the public perception of what is going on in a vast majority of these schools.

  • eNews - May 2014

    More HMRC guidance on the Employment Allowance

    The Employment Allowance of up to £2,000 is available to most employers from 6 April 2014. Employers can reduce the amount of National Insurance contributions (NICs) they pay for their employees by up to £2,000. This is called the 'Employment Allowance'.

    Employers generally won't have to pay any employer National Insurance contributions at all if they usually pay less than £2,000 a year.

    HMRC has updated the guidance on eligibility for the Employment Allowance.

  • eNEWS - April 2014

    In this month's enews we report on pensions announcements and other issues pertinent to employers with many deadlines approaching. Please contact us if you would like any further information.

    HMRC guidance on new pension flexibility

    Following the Budget announcements regarding pension flexibility HMRC have now issued some guidance for those individuals who may wish to review their pension options.

  • Griffin Chapman announce new partner

    Dan Aldworth

    Griffin Chapman,  are delighted to announce that Dan Aldworth becomes a Partner on 1 May 2014.

    A proud Colchestrian, Dan studied A Levels at The Sixth Form College and instead of going to university, he set his sights on training to be an accountant.

    Dan joined Griffin Chapman in August 1999 as an Accounts Junior, and proceeded to study towards his AAT qualification attaining this in 2001.  He moved on to become a Chartered Certified Accountant in 2004.

  • eNEWS - March 2014

    Shared Parental Leave and Pay

    The Government has issued the draft regulations for Shared Parental Leave and Pay which are expected to become law from 1 October 2014 and will apply to babies due from April 2015.

    The draft regulations set out the new statutory shared parental pay entitlements for parents. The press release states that:

    'The Act will also help people to better balance their work and home life with the following measures:

  • Small firms urged to save time and money by switching to cash basis

    We are advising small businesses to consider whether they could save valuable time and money by switching to a scheme that allows them to be taxed on money flowing into and out of their business, rather than using full accounting rules.

    HM Revenue and Customs (HMRC) first launched the cash basis scheme last year, but is urging more small firms to consider using the scheme ahead of the new tax year, which starts on 6 April.

  • RTI penalties to be phased in

    We are advising employers that the introduction of penalties for late filing and late payment in relation to Real Time Information (RTI) will be staggered, rather than coming into force in April as originally planned.

     Automatic in-year Pay As You Earn (PAYE) penalties for late filing and late payment and in-year interest – charged on tax and national insurance contributions paid late during the year – were due to start from 6 April 2014.

  • Griffin Chapman Budget Summary 2014

    Griffin Chapman Budget Summary 2014

    Please download the attached pdf which summarises the main tax proposals in the 19 March 2014 budget.  The summary focuses on the issues likely to affect you, your family and your business, together with our own comments.

    Please contact us if you have any questions or require specific advice.