The The chairman of the House of Lords Economic Affairs Committee, has said that the committee was “very puzzled” by the government’s cost estimates to businesses for implementation of the Making Tax Digital initiative.
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.
Tax-free dividend allowance will be reduced from £5,000 to £2,000 from April 2018
Aimed at reducing the benefits of owning your own company, This will reduce the tax difference between the self-employed and those working through a company. Typically, general investors will need over £50,000 worth of stocks and shares outside an ISA to be affected.
National Insurance hike for self employed in the Spring 2017 Budget
The main rate of National Insurance contributions (NICs) for the self-employed will increase
Extra time before Making Tax Digital (for some)
Small Businesses and landlords under the VAT threshold will have an extra year to prepare for Making Tax Digital (MTD)
Vat Flat rate scheme may no longer be worthwhile
Significant changes have been announced for the amount of VAT that many small businesses will have to pay.
Proposed changes to the Confirmation Statement (CS01)
Changes will come into effect from June 2017.
Tax crackdown brings in £468m for HMRC
HMRC’s crackdown on small and medium sized Enterprises has intensified as tax investigations into large businesses have become “less profitable”, with in-house tax specialists and better resources allowing companies to close down HMRC investigations.
HMRC cuts over 150 offices to reduce running costs
The major programme of cust by HM Revenue & Customs (HMRC) from 170 offices to 13 regional centres is to redesign and reduce its estate.
Restriction on Mortgage Relief for landlords
April 2017 will see changes to the rules on income tax relief for interest and other finance costs, relating to residential landlords.
Making Tax Digital (MTD) and Making Accounts Digital (MAD)
SERIOUS CONCERNS over HMRC’s digital plans have been voiced by the Public Accounts Committee (PAC).
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.