Why You Should Make a Will

If you die without having made a valid Will the law decides who gets your money using set rules based on who outlives you, the result is unlikely to be what you would choose for yourself. Nelsons a local firm of Solicitors who provide advice to businesses and individuals have provided us with a useful quick guide that will show you what will happen to your wealth if you don’t make a Will. Marshall Smalley encourage all clients to make a Will and review it to make sure it’s what they want, this quick guide could just be what you need to take the first step, so please email us if this is of interest and we will send you a copy of this helpful one page document.

Get Ready to Operate PAYE in real time

At the moment PAYE information although processed on a monthly basis is reported only once a year on an Employers Annual return online via forms P14 and P35. Under real time reporting, employers and pension providers or agents or payroll service providers will send HMRC information about tax, NICs, student loans etc. each time they pay their employees. This will enable HMRC to keep more accurate records and it should cut down on tax inconsistencies. HMRC are continuing to run a pilot scheme with selected employers and will be extending this into the New Year. They will be sending information out to employers this October as there are things you need to do to prepare for the changes in terms of updating PAYE software and information gathering to ensure a smooth transition.