We are delighted to announce that our Director Samantha, has been shortlisted for Accountant of the year in the IAB UK and International Business and Skills Awards 2018. This national award recognises either an accountant or firm of accountants that has made an invaluable contribution to their clients, by going above and beyond to help Read more about Finalists in IAB UK and International Business and Skills Awards 2018[…]
The National Live in wage and the National Minimum Wages is set to rise in April 2019. Rates per hour depend on your age and whether you’re an apprentice – you must be at least school leaving age to get it. New rates, which come into effect from April 2019: Year 25 and over 21 Read more about National Minimum Wage and Live In Wage rates from April 2019[…]
Here are some of the key points from the budget of 29 October 2018: Savings The ISA allowance is held at £20,000. The Junior ISAs annual allowance and Child Trust Funds for 2019/20 will be increased in line with CPI to £4,368. National Savings and Investments (NS&I) have announced the minimum investment for premium bonds Read more about Main points from the budget (29 October 2018)[…]
Limited companies must file a confirmation statement with Companies House each year. A confirmation statement confirms the information that Companies House holds about your company is correct and up to date. Want to find out more about a confirmation statement and how to file one, then watch Companies House latest animation video below
A new student loan product know as postgraduate loans (PGL) has been launched. The earliest a student can start repayments of a PGL is April 2019 and so you might receive notifications about deductions you need to make from employees’ wages after that. Where an employee is to repay a PGL, HMRC will send you Read more about Student Loans – A new loan[…]
The minimum contributions that you and your staff pay into your automatic enrolment workplace pension scheme are increasing. This is also sometimes known as phasing. It is your responsibility to make sure these increases are implemented. What do you need to do next? You’ll need to ensure you collect and pay the correct contribution amounts Read more about Auto Enrolment – Change in contribution rates from April 2019[…]
If you sell digital products, e.g. downloadable publications, to customers who are located in the EU you might be required to register for VAT in those countries. However, soon this won’t be necessary if your sales in the EU aren’t significant. What’s changing? From 1 January 2019 an annual €10,000 (HMRC will set a sterling equivalent) Read more about New VAT Limit for digital supplies[…]
A company car used by a director or employees potentially a taxable perk, even where it’s only used for business. The tax charge arises where the car is “available” for private use. Actual use is less important. Therefore, the first step to avoid a tax charge is to communicate that t’s not available for private Read more about Pool Cars[…]
Companies House recently published unusual excuses people gave for filing company accounts late. Check out the top 8 below: Goats ate my accounts I found my wife in the bath with my accountant Pirates stole my accounts We delivered the accounts to the betting office next door to companies house A Volcano erupted and prevented Read more about Top Excuses for Late Accounts Filing[…]
HMRC published a new notice (700/22) in July with more detail on Making Tax Digital for VAT (MTDfV). The notice confirms that MTDfV will apply to all businesses for the first VAT period starting on or after 1 April 2019 where their turnover was in excess of the registration limit (currently £85,000) in the Read more about Making Tax Digital (MTD) – VAT update[…]