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News - 1 January 2012

January 2012 ABDS newsLetter

Happy New Year and Welcome to the January 2012 ABDS news letter

In this edition we will be looking at:

  • New Enquiry into NHS regulator,
  • HMRC and Big Business,
  • Do I Need to make a will
  • and Pension changes

As part of our regular features we  introduce you to one of our team members, this month it is Peter Ham, Director of the Audit Department

And remember if you have not returned to us your signed 2011 Tax Return please ensure that you return it by the 15th January 2012.

And if you have not yet supplied us with all the information requested, please send it to us as soon as possible to ensure that we can complete your Return by the due date of the 31st of January 2012

This months Fact Sheet is on Annual Tax and Business Health Check. To request a copy Contact us now

And we will conclude, as usual, with an accountancy joke supplied by our resident comedian David Nelson.

New Enquiry into NHS regulator

In an unprecedented move, the Health Secretary, Andrew Lansley, has gone outside the Department of Health and appointed Gill Rider, president of the Chartered Institute of Personnel and Development and a former Cabinet Office civil servant, to investigate claims that the board of the Care Quality Commission (CQC) had been "sidelined" after asking questions about the watchdog's leadership.

Read full article

Do I Need to make a will?

It’s nearly New Year, so, should you make a will?
I know it’s a morbid subject for the season of good will, but Christmas also heralds the start of a New Year, New Prospects, a New Start.
Also it is the time to think of the family.

To Continue

HMRC and Big Business

HM Revenue and Customs (HMRC) enjoyed an "unduly cosy" relationship with major companies.
So says the Public Accounts Committee (PAC) as MPs demanded explanations of why officials wrongly claimed they could not discuss deals with the committee and gave "imprecise, inconsistent and potentially misleading" answers.

To Continue

Pension changes 

The one constant in Pension's legislation is that every year something will change
This year is no different........

To Continue


The spotlight this month falls on our Audit Department Director, Peter Ham.

Peter Ham BSc FCA CTA

Peter trained with Deloitte Haskins & Sells and qualified as FCA, CTA  with a practising certificate. He prepared the accounts, audit and tax of branches and subsidiaries of public companies and owner managed businesses in an audit department for eight years followed by five years in the general practice department which also included partnerships and charities. Subsequently he moved to a corporate tax department for three years.

Clients included engineering, yarn spinners, builders and advertising agency companies and architects and solicitors partnerships.

Following a move to a member firm of the UK 200 Group for thirteen years he continued  with owner managed businesses involving accounts, audits and corporate tax of engineering and vehicle franchise groups of companies with turnovers of up to £137M and 900 employees as well as charities, pension fund accounts, distributors, and an hotel.

More recently, with a member firm of the HAT Group of accountants for five years he did accounts, audits and tax of 20 plus workingmen’s clubs a year and also engineering, retailers and other entrepreneurs and also personal tax.

He says that clients:
• Prefer prompt information;
• Seek reassurance that their financial thoughts are correct; and
• Wish to minimize their tax liabilities.

Peter Ham, Director of Audit Department

If you would like advice on any of the above issues, please call Peter to arrange a meeting so that he can gain a clear understanding of the scope of your requirements and deadlines. You will find that he is approachable and especially in the Charity and not for profit sectors.

As promised we conclude with an accountancy joke (on a topical note) supplied by our resident comedian David Nelson.

TK had just read the story of Cinderella to his five-year-old son for the first time. The little boy was fascinated by the story, especially the part where the pumpkin turns into a golden coach.
Suddenly he piped up,

“Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?”



Kind regards

Lavinia and the team

Tel: 023 8083 6900
email: ABDS@netaccountants.net

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