IR35: HMRC launches updated CEST tool and has updated its much-criticised CEST tool to determine the employment status of contractors, but is it good enough?
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.
Signing up for Making Tax Digital for VAT
MTD for VAT is compulsory for all vat periods starting on or after 1st April 2019. For most VAT traders that will be their vat quarter ending 30th June 2019. VAT registered traders need to sign up for making Tax Digital at least 72 hours before their VAT Return is due, or 7 days before if they pay by direct debit.
Lords slam Making Tax Digital rollout
A Lords committee has called for a delay of at least one year to the mandatory rollout of Making Tax Digital for VAT, asserting that HMRC has neglected its responsibility to support small business and claiming costs will be far more than the government’s impact assessment
Autumn Budget 2018
The message from the Chancellor was that ‘this is a budget that shows the British people that the hard work is paying off.’... well that what he claims!
Who will pay Welsh rates of Income Tax?
As part of HMRC’s work to implement the Welsh rate of Income Tax, HMRC will identify Welsh taxpayers based on information within their systems.
HMRC treatment of IR35 not popular
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.
HMRC crack down on abuse of rent-a-room relief Concerns that original purpose is being abused.
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
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
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
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.
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.