2016 Budget Summary

Posted by on Apr 13, 2016 in HMRC, small business, SME, tax, Uncategorized | 0 comments

On 16 March 2016 George Osbourne presented his budget, the budget was followed by the publication of the finance bill on the 24 March. Here are the top key points affecting small business. Personal Allowance For 2017/18 the personal allowance will increase to £11,500 (2016/17: £11,000). The basic rate band will increase to £33,500 (2016/17: £32,000), resulting […]

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The Town That Took on the Taxman

Posted by on Jan 21, 2016 in HMRC, small business, SME, tax | 0 comments

  There was a great programme on the TV last night. “The Town That Took on the Tax Man’” You can catch up with it on iPlayer here: A group of traders from Crickhowell, set up a multinational tax avoidance scheme using the same techniques used by the likes of Starbucks, Amazon & Facebook […]

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We are recruiting for a new accountancy apprentice

Posted by on Sep 11, 2015 in Team News | 0 comments

If you are interested in starting a career in the accountancy profession you may be pleased to hear we are recruiting for an apprentice.

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Is VAT recoverable on car derived combi-vans?

Posted by on Jun 3, 2015 in HMRC, SME, VAT | 0 comments

HMRC have issued a list of makes and models of car derived vans and combi vans which VAT registered businesses can use to determine if the VAT paid on the purchase can be reclaimed as input tax. The issue is that VAT will normally be claimable in full on the purchase of a commercial vehicle. However […]

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Auto Enrolment

Posted by on Feb 9, 2015 in employers, HMRC, Uncategorized | 0 comments

We’re posting a series of short blogs regarding auto enrolment, if you are an employer and you have staff this WILL apply to you. Too many employers are still burying their heads in the sand, the start date for the largest employer was 2012 and the smallest employers are caught in 2017. Read on and […]

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Starbucks (Tax Planning) vs The EU

Posted by on Nov 16, 2014 in tax | 0 comments

The US coffee chain, Starbucks has been receiving some fairly heavy criticism over the last couple of years after it has emerged that they have paid almost no tax in the UK between 2002 and 2012. Actually, it’s amazing that a company which has posted such significant losses within the UK is still trading. Since […]

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All Inclusive Contractor Accounts

Posted by on Oct 6, 2014 in small business, SME | 0 comments

  We are pleased to announce our all inclusive contractor accounts package: Annual limited company accounts Corporation tax return Quarterly VAT returns Companies house annual return including the filing fee Payroll for no more than 2 employees / directors paid monthly 1 x Personal tax return   All for £80 plus VAT per month. For […]

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Clydesdale bank to relocate to Leeds in the event of a Yes in the Scottish Independence Referendum

Posted by on Sep 14, 2014 in Uncategorized | 0 comments

Clydesdale Bank who own Yorkshire Bank and who are part of the National Australia Bank Group have announced that they will re-register as an English company if the Scotland is to separate from the rest of the UK following the forthcoming independence vote. This is to provide further certainty to it’s customer during any independence […]

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2014 Budget Summary

Posted by on Mar 21, 2014 in employers, HMRC, SME, tax | 0 comments

Personal allowances

For people born after 6 April 1948, the personal tax allowance for 2014/15 is £10,000. This will increase to £10,500 from 6 April 2015.
For people born on 5 April 1948 or before, the personal tax allowance for 2014/15 is £10,660.
From April 2015, spouses and civil partners will be able to transfer 10% of their personal allowance to each other, which means £1,050 in 2015/16.
To be eligible to make or receive the transfer, neither party must be liable to tax at the higher or additional rate.

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What happens if I file my Annual Return late?

Posted by on Feb 18, 2014 in small business, SME | 0 comments

So what happens if I file my annual return late?

Companies House will remind you that it is a criminal offence not to deliver the annual return on time and that the company and its directors could be prosecuted. This could mean the directors have a criminal record and also a £5,000 fine for each document not filed on time.

Companies House will not impose a penalty (unlike the late filing of accounts). Companies House will send increasingly threatening letters warning of removing the company from the register.

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