02

Oct

Well Autumn is here.  And for some, the countdown to Christmas is starting.  For us accountants, that means the impending mayhem of January looms quite near. Don’t leave it until the last minute!  Start pulling together paperwork now for your tax returns and let your accountant have it as soon as possible. For those who…

02

Sep

Hope you have all had a great summer. Just a heads-up for those of you who use an old version of Sage accounts software, and who use this software to file your VAT returns online, Sage have advised us that from 14 February 2018 HMRC’s electronic data interchange will be decommissioned and existing services will…

25

Aug

FOR ALL NEW BUSINESS OWNERS …. HMRC is offering an hour’s webinar on Tuesday 29th August from 11am to midday, which will give advice on day to day business expenses explained, including car expenses and all travel costs.  Ring us if you are interested and we can send you the link.  

07

Aug

Is it me getting old, or are the days flying past!  …  Can’t believe that it is August already!  So 31 July has now passed, and those of you who had to make a second payment on account should have done so by now!  If you haven’t, and you should have, be warned that HMRC…

04

Jul

Despite a promising amount of glorious sunshine last month, July has started as a rather wet month!  And the gloominess may well be set to continue if you are one of those unfortunate souls who has to make a tax payment by 31 July 2017.  You will probably have already received your HMRC tax statement….

03

Jun

Hope you are all enjoying some of this lovely sunshine we are having!  It certainly makes me feel more cheerful, even if I am only enjoying it through the office window! But in the midst of all this sunshine, and great BBQs and fun in the sun, if possible do spare a thought for your…

28

Apr

Legislation to implement the government’s Making Tax Digital initiative has been put on hold. There has been widespread criticism of the plans for MTD, which would see businesses and the self-employed submit multiple tax returns online via computers or smartphones. However, following last week’s announcement of a general election, The Finance Bill 2017 has been…

03

Apr

Reminder to all employers.  The national living wage and minimum wage went up on 1st April 2017 (NOT 6th April 2017 which you might presume). If you have a worker aged under 25, or an apprentice, they are legally entitled to at least the National Minimum Wage. The new rates are: Date 25 & over 21…

22

Mar

Hurray!  Good sense has prevailed and Mr Hammond’s decision to put up class 4 NI for the self employed has been reversed! As our fourteen year old daughter says ” Aye, back down!!”.

10

Mar

We know the budget delivered a couple of blows to the self employed – a stepped increase in class 4 NI – and also to company directors – with a reduction in the dividend allowance from £5,000 to £2,000.  But there was some good news regarding Making Tax Digital. This will be deferred until April…