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Accounting and tax treatment of IR35 deductions in the public sector.HMRC’s approach is not popular with everyone. Catch up on our latest advice.
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.
Updates
HMRC crack down on abuse of rent-a-room relief Concerns that original purpose is being abused.
Aug. 9, 2018
The rent-a-room scheme is a relief which provides that the rent received by an individual from a lodger (currently £7,500) can be exempt from income tax.
This limit is halved if another person is also entitled to the income. For example, where a husband and wife own the property jointly the limit is reduced to £3,750 (£2,125 prior to 2016/17) each.
HMRC are not bothering to publicise MTD
Aug. 2, 2018
MTD starts for VAT from April 2019, but HMRC will be happy to collect penalties from those that miss the deadline. VAT registered traders need to plan now and act soon to make sure they are ready.
First time tax returns
Jan. 11, 2018
An individual should file a tax return if they have a liability to tax, and that tax will not be collected through PAYE. For years before 6 April 2016, the tax deducted at source from interest and the tax credit attached to dividends would cover the tax liability of basic rate taxpayers who received large amounts of investment income.
Automatic enrolment still applies to temporary staff this Christmas
Dec. 5, 2017
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.
Delay in the abolition of Class 2 NIC
Dec. 4, 2017
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.
Nov. 23, 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
Nov. 9, 2017
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
Nov. 6, 2017
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
Nov. 6, 2017
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.
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
Thank you very much for all your help, I really appreciate it, You have put my mind at ease.
Many thanks for all your hard work
I just wanted to thank you and your team for all your support and help this year; it really has been invaluable to me
"After receiving a large tax demand I asked Graham to help me as I was convinced I did not owe this money. Graham not only proved it was the tax man's mistakes that led to me getting the bill, but he won every penny of my fees back, got me a large tax rebate and changed the policy for the UK for this year. That's what I call excellent service!
Many thanks to Graham and his team.
Many thanks to Graham and his team.
I sent the same email to five different accountants to see who's replies were the most knowledgeable and professional. You have definitely won.
Amazing, as usual