With the festive season fast approaching, employers may be planning to take on temporary staff to help their business survive the rush. Automatic enrolment applies to these employees in the same way as permanent employees, even if they will only be working for a short time.
Helping our clients sleep at night
How do we do that? In a number of ways:
- Working with our clients to help them do what they do best
- Ensuring that they meet all tax and Companies House compliance deadlines in plenty of time.
- Promptly preparing accounts and tax returns so that our clients have plenty of notice of forthcoming tax bills giving them time to budget rather than having a nasty shock a short while before the amount is payable.
- Promptly submitting accounts, returns and declarations so that our clients don't have to pay penalties.
Delay in the abolition of Class 2 NIC
The government has announced that it will introduce legislation to abolish Class 2 national insurance contributions (NIC) and to make further proposed NIC changes in 2018.
The Chancellor's First Autumn Budget 22 November 2017.
With gloomy forecasts of the economy and poor growth plus ever increasing costs of Brexit the Chancellor had little room for manoeuvre. His report set out a number of actions the government will take including support for more house building. The major attention-grabber was aimed at first time buyers who will not have to pay Stamp Duty Land Tax on homes costing up to £300,000 but this may backfire with increased house prices.
MTD for VAT from April 2019
We are busy planning and preparing to make sure we and our clients are ready for Making Tax Digital (MTD) and it’s big brother MTDfB.
Treth Trafod Tir
Mae'r Cynulliad Cenedlaethol wedi cyhoeddi'r cyfraddau a'r bandiau arfaethedig ar gyfer treth trafod tir (LTT) sydd i'w gyflwyno ar gyfer tir ac eiddo yng Nghymru ar 1 Ebrill 2018, gan ddisodli Treth Tir Dyletswydd Stamp.
O dan y cyfraddau newydd ar gyfer LTT, bydd gan Gymru'r trothwy cychwyn uchaf ar gyfer y dreth eiddo yn y DU.
Land Transaction Tax
The Welsh Assembly has announced the proposed rates and bands for land transaction tax (LTT) which is to be introduced for land and property in Wales on 1 April 2018, replacing Stamp Duty Land Tax.
Under the new rates for LTT, Wales will have the highest starting threshold for the property tax in the UK.
HMRC have changed the way in which they will assess some taxpayers removing the need for these individuals to complete a Self Assessment Tax Return. These changes took effect from September 2017.
The affected taxpayers fall into one of two categories:
- new state pensioners with income more than the personal tax allowance (£11,000) in 2016/17; and
- employees or pensioners with PAYE tax codes who have underpaid tax and who cannot have that tax collected through their tax code because it is too high to code out.
MTD for VAT from April 2019
The government have issued information on how Making Tax Digital for Business (MTDfB) is expected to work for VAT once the rules are introduced in April 2019.
Contractors vote with their feet after IR35 changes
Three-quarters of public sector departments have lost top talent in the wake of IR35 tax reforms according to the findings of new research.
Avoiding the mortgage interest relief restriction by transferring properties to a spouse
The restriction on mortgage interest relief has made limited companies more attractive vehicles for property ownership as the relief for mortgage interest is not restricted for corporation tax purposes. In addition, the rate of tax charged on profits is lower and succession planning is simpler.
Working for and with You, Not the Taxman
You pay our bills not the taxman so it is only right that we look after you. We care about our clients, their business, their future.
We’re here to make tax and financial planning easy. We’re here to help ease your financial burden and to find you the most tax efficient way to run your business. We don’t want the taxman to take what’s not his, so we work with you to find out what’s important to you.
A Different Kind of Accountant
We are approachable and easy to talk to. Every client benefits from a dedicated partner and member of staff either of whom they can contact and both of whom they will know and recognise. We get to know our clients, understand how they work and constantly help them to improve and grow their businesses.
We’re business advisers and planners as well as tax experts, and we work tirelessly helping businesses like yours save tax, and become more efficient and financially stronger. And we’re very nice people too.
When did your Accountant last give you £50?
At Handley, Evans & Co we will deduct £50 from our fees for your tax return if you provide to us everything we need to complete your tax return before the 31st July after the end of the tax year.
It gets better! If you are not VAT registered, the VAT saved will make the total saving £60!
Now isn't that a worthwhile reward for being prompt?
Don't just take our word for it, read what others say about us
Many thanks to Graham and his team.