Duties & Liabilities of Trustees – interaction with OSCR 26-09-2012
Duties & Liabilities of Trustees – interaction with OSCR 26-09-2012
Chartered Accountants
&
Business Advisers
&
Business Advisers
| Caledonia House |
| 89 Seaward Street |
| Glasgow G41 1HJ |
| t: 0141 272 0000 |
| f: 0141 272 0011 |
| ca@maco.co.uk |
Archive for the ‘MACO’ Category:
Are you ready for Real Time Information?
Real Time Information, or RTI as it’s more commonly known, is a new system that is being introduced by HMRC to improve the operation of Pay as You Earn (PAYE).
The PAYE system has remained pretty much unchanged since it was introduced in 1944. The reason it has remained unchanged is that for the majority of employers it has worked well. However, it is susceptible to fraud and this makes it difficult for HMRC to identify errors and help customers resolve problems quickly and efficiently.
Under the new RTI system, employers will be required to send data regarding PAYE, NIC and student loans, every time they pay their employees, rather than with their end of year tax return.
Most employers will be required to use RTI from April 2013 with all employers having to do so before October 2013. HMRC will notify all employers 4-6 weeks prior to the date they must begin making RTI submissions.
HMRC considers that over 80% of data quality problems are caused by incorrect information about an employee’s name, date of birth, or National Insurance Number. With the date for RTI fast approaching it is important to make sure that the information held for your employees is correct and can be matched against HMRC records. Records that don’t match could cause incorrect tax calculations and lead to HMRC compliance checks.
At Martin Aitken & Co we shall be working with our payroll clients over the coming months to make sure that their payroll data is correct and that they will benefit from a smooth transition to the new system. If you have any questions, or need any assistance, please contact Geoff Thompson in our Payroll Department (gt001@maco.co.uk).
ACIE Conference 2012, Perth. Adrienne Airlie’s Workshop “Scottish Charity Sector 2012″.
ACIE Conference 2012, Perth. Adrienne Airlie’s Workshop “Scottish Charity Sector 2012″.
Powerpoint Presentation – Scottish Charity Sector 2012
Handouts - Handout-fit&proper,gift-aid
Merger Creates a Major IFA for Glasgow
A MERGER has been announced today that will see Jack Stone, a well-established and popular IFA in the West of Scotland, merge his practice with Martin Aitken Financial Services (MAFS), one of Scotland’s leading financial services firms.
The merger, which will take effect from April 1, will see Jack Stone and his Personal Assistant Rona McGlone move across to the new enlarged practice based in Seaward Street, Glasgow.
Ian Finch, Mark Tenby and Jack Stone (seated).
Ian Finch, Director of MAFS, said: “Jack Stone is the perfect partner for us and we are delighted to welcome Jack, Rona and their clients onboard.” Fellow Director Mark Tenby added: “We believe we will add considerable substance to what is already a very successful independent financial adviser.”
Jack Stone has worked for the last 7 years within the Positive solutions IFA network (following twenty-one years with Zurich Advice Network), and is a 25 year member of Million Dollar Round Table, the Premier Association of Financial Planning Professionals, which represents the top 1% of Life Assurance Professionals worldwide.
Jack said: “It’s a very exciting development. The merger is a great fit, as MAFS has the same commitment to providing outstanding customer service and the highest ethical standards as we have.
“We also share their core values of care, success and enjoyment, principles which are so important for a modern, client-focused firm.
“Together, we will continue to provide service and advice that is clear, concise, well-researched and tailored to our clients’ individual needs and circumstances. It will also ensure long-term continuity for my clients in an ever-changing financial services landscape.”
MAFS has been providing Independent Financial Advice to their clients since 1997. Over the years it has invested significantly in a highly-trained and qualified team of advisers and support staff, technology and software. The merger means it now has five client-facing advisers and a support team of seven.
The Gathering 2012
“The Gathering”, the UK’s largest event for Scotland’s voluntary sector took place at the Scottish Exhibition Conference Centre in Glasgow on 29th February and 1st March 2012. Adrienne Airlie hosted two of the events and if you were unable to attend, you can download the slides and handouts used for the presentations below:
| 29/02/2012 | Financial Update – SCIOs, Accounting Regulation changes & Other Financial Hot Topics | Slides | Handouts |
| 01/03/2012 | Internal Controls & Risk Management Practical Strategies | Slides | Management Letters, Risk Map |
 | Martin Aitken & Co Caledonia House 89 Seaward Street Glasgow G41 1HJ |