NEWS
Read our updates…
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...
Chancellor’s Budget 2018
The Chancellor, Phillip Hammond, delivered his latest budget on Monday 29th October, and now that the dust has settled we can give you our version of events. Billed as an end to austerity, there were certainly some good points for businesses and individuals. Naturally...
Tax return Filing deadline
31st October is the deadline for filing tax returns in paper format. Some folk still like to use paper, but they have to submit tax returns much earlier than those who file online. If you normally submit your tax return through the Government Gateway or via your...
Scam calls
Watch out – there is a scam about (again) If you receive a phone call from someone purporting to be from HMRC, threatening to take court action or come and seize goods unless payment is received immediately, it is almost certainly a scam. Of course, if you already...
Autumn…
........Season of mists of and mellow fruitfulness. And Tax Returns Autumn has most definitely arrived, and our minds are now firmly concentrated on the tax return filing deadline of 31st January 2019. You might think that filling in a tax return is just like filling...
