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18th June 2010: Expense Dispensation Update
Well what news is there here at Gabem? The office has been decorated in the theme of the world cup, with the desks themed towards the nationality of the people at them. It's mostly a sea of red and white but there are blues, greens and some other colours out there. I had intended to have pictures for you all, but as it turns out I am not what you could call a natural photographer, so you'll have to use your imaginations.
We had some very good news recently in the form of an improvement to our expense dispensation. Several weeks ago we asked HMRC to review our dispensation to bring it up to date with the sorts of expenses we were seeing come in. In most cases there were no changes (our dispensation as it stands is pretty great), but in a couple of others the amounts of improved. Unfortunately this doesn't change the need to submit receipts (despite what other umbrella companies may have told you); but it does mean the expenses covered by the dispensation are not reported on your P11D which makes the whole end of year process a whole lot simpler and you can be confident that we're doing the right thing and keeping you compliant.
In other audit news we have KPMG in for an audit as of Monday, this is part of their yearly service and it's always good to see them even if it does mean lots of trips back and forth to the filing cabinets.
Susan has made a minor update to her legal bits on Vetting and Barring in the light of the recent government announcement that the whole process would be put on hold until a complete review of the scheme can be carried out.
I hope you all have a great weekend, fingers crossed the weather holds for further BBQs.
Hugo
@GabemUmbrella
18/06/2010
