With another 31st January having just past and little over two months until the end of the 2017/18 tax year it is a prime time to start thinking of ways to reduce your personal or company tax bill, whether in the current tax year or the next. February and March represent an ideal opportunity to […]
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With the Christmas build-up in full flow and just over a week to go until the big day we would like to take this opportunity to thank all of our clients, both old and new, for another wonderful year. Over the course of the year we gained many new clients and are eager and excited […]
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The 2017 Budget Statement was announced on 22nd November 2017. Please click on the link below to read our analysis. As always, if you have any questions, or would like to discuss anything in further detail then please do not hesitate to give us a call or drop us an email. 21855-LEWISCO-A5 PDF-Sterling
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1. Travel Allowance Many of you will know about the HMRC approved mileage allowance payments, paying 45p per mile for the first 10,000 miles travelled and 25p thereafter. However, under certain circumstances, there may be an opportunity to claim more than these standard amounts – potentially up to 60p per mile. 2. Joint Income Usually […]
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With the summer now in full swing, we are sure that dealing with HMRC will be at the back of everyone’s minds (let alone handing over more money to them!). If HMRC have requested for you to make payments on account (because your tax liability for the previous year was above £1,000) then 31st July […]
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I am sure you have all heard in the news of a new, revolutionary and supposedly more efficient tax reporting system being introduced by everyone’s favourite government department. Of course I am talking about Making Tax Digital. Making Tax Digital, or MTD for short, is simply a new tax system dreamt up by HMRC with […]
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For many years the VAT Flat Rate Scheme was seen as a simplified method for businesses of all sizes in order to comply with VAT reporting regulations. In the Autumn Statement on 23rd November 2016 the Chancellor announced a number of significant changes to the scheme to deter potential exploitation and manipulation. These changes came […]
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After a positively wild New Years Tax Party last night it is back down to earth with accountants across the country dusting off their calculators in preparation for the new tax year. With 31st January deadline seeming rather too recent for many, the last thought in most people’s minds are their tax affairs. However, with […]
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With the joys of Pancake Day having just passed tax planning may not be the first thing which springs to most people’s minds, however with 5th April 2017 fast approaching now is the perfect time to make use of any unused allowances and exemptions before they are lost. Personal Allowances, Capital Gains Tax and Inheritance […]
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Firstly, we would like to take this opportunity to thank all of our clients for helping us beat yet another 31st January Self Assessment deadline. It is this time of year when many people (wrongly) believe that accountants like to put our feet up and relax, drink tea and tuck into a couple of biscuits. […]
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