NEWS
Read our updates…
Self Assessment – July 2019 Payments on Account
Second payments on account for the year ended 5 April 2019 are due to be paid to HMRC by 31 July 2019. Unfortunately, due to a glitch in the HMRC statements system, you may not receive a demand from HMRC for the payment. HMRC had a similar problem in 2018, but we...
Introducing our new Team Member!
We are thrilled to announce that Ashley Sinfield has joined our accountancy team. Ashley read Mathematics at the University of Bath and joins us from her previous position in Mayfair. Ashley is full of fresh ideas to help improve life for our clients. With a taste...
GDPR Regulations
The EU General Data Protection Regulation (GDPR) came into force on 25 May 2018 and its primary aim was to give control to individuals over their personal data. If any business breaches these regulations, they can be fined up to €20 million or up to 4% of the annual...
High Income Child Benefit Tax Charge
The High Income Child Benefit Tax Charge (“HICB”) has been around since January 2013, and most families are aware of its existence. However, there are still aspects of the HICB about which affected families must take notice. And we still find people who are totally...
Residential Landlords – Important Tax Update: Action needed now
If you own residential property that you let out to tenants, it is important that you take note of forthcoming changes in taxation. These major changes due to come into force in April 2020 will have a serious impact on the amount of tax you will have to pay if you are...
Happy New Tax Year!!
So, no sooner have we got everyone’s tax returns in for the 2017/18 tax year, the new year is upon us! We can now start submitting your tax returns for the 2018/2019 tax year, and there is no time like the present to get this done. Here are the benefits of early...
Reminder – Paying your Self-Assessment Tax
I’m sure most have you have settled your Self-Assessment tax return bill by now, but for those of you that haven’t, just a friendly warning: Late payments: HMRC will automatically charge interest from 1st February on all late payments HMRC will add a fixed 5%...
Brexit – things to consider for your business
Brexit On 29th March – Brexit will happen, or something will happen, or not. Who knows? But every business will be affected in one way or another by Brexit or at least the uncertainty surrounding it. The following must not be read as a pro or anti- Brexit – just...
January 2019 – Personal Tax Return Season
Tax Return Deadline All personal tax returns for the year ended 5th April 2018 must be submitted no later than 31st January 2019. Late filing can lead to penalties of over £1,000. If your return has not already been submitted, or is not in hand, please contact...
Workplace Pensions
From 6 April 2019, the minimum amounts that both employers and employees must pay into the automatic enrolment pension scheme will increase. These changes are as follows: Currently, an employer is required to pay a minimum of 2% with the employee adding 3% to make an...
Should I buy an electric car through my company?
This is a topic which is constantly cropping up with our clients, as electric cars become more commonplace and are reducing in price. The following is a very brief rundown on the topic, as at October 2018. There are two aspects to company cars: How they are treated...
Quickbooks – a new qualification for Jo
Our super knowledgeable Practice Manager Jo Leggate has just become even more super! Jo has gained her Advanced Quickbooks Online qualification so whether you are new to Quickbooks, or want to make Quickbooks work even better for your company, give her a call or drop...
