Tax update: Budget 2017

There was nothing to get particularly excited about in November’s budget except for the abolition of stamp duty on homes up to £300,000, for first time buyers. A few other items of note; The VAT registration threshold of £85,000 is frozen – this could have ramifications for businesses trading just below this threshold. The National […]

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Our technical goal

We are working hard to move all our clients onto online book keeping, partly driven by HMRC’s Making Tax Digital plans for 2018. Our mission is to convert all clients onto our chosen online book keeping software; Quickbooks Online. We aim to do this by December 2018. Why are we doing this? • Online ‘cloud’ […]

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HMRC and Making Tax Digital (MTD): The biggest change to tax in 20 years!

In Spring 2018 the Government are introducing a radical change to our current tax system. They will require businesses and landlords to submit quarterly income and expenditure accounts to HMRC. Sole traders, partnerships and landlords will be the first to be affected. We will be contacting all clients in due course regarding the appropriate action […]

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Project examples

Here are some project examples of work done in 2014/15. Farm succession planning We helped a client to plan for the handover of their farm business by instigating a partnership agreement and reviewing its contents to ensure all parties were protected as far as possible from Inheritance Tax and Capital Tax. VAT planning We helped […]

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Workplace pensions atomatic enrolment

Work place pensions – Automatic enrolment

If you employ people you will soon have to set up your own workplace pension for your employees and we can help you do this. A recent change in the law means that all employers will be required to set up a pension scheme for their eligible staff and contribute into the scheme. Here’s how […]

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Top ten tax tips

Top ten tax tips from Louise Hudson

I pride myself on providing simple, straightforward advice that helps you save money on your tax. Here are my top ten tips on how to make sure you are claiming everything you should be. 1:      If your spouse earns less than £11,500 per year (correct as at April 17) and helps out in your […]

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