Making Tax Digital delayed to 2020
Making Tax Digital delayed to 2020 at the earliest for taxes other than VAT Heeding concerns across the accounting spectrum, the government has amended the timetable and implementation intakes of Making Tax Digital (MTD). Under the reformed timetable, only...
Auto Enrolment Seminar
The Pensions Regulator is hosing a free webinar on automatic enrollment at 2:30pm on Thursday 6th July which you may find useful. In this webinar, they will take you through the tasks that you will need to undertake this financial year, such as re-enrolment,...
Auto Enrolment Update
What is automatic enrolment? If you are already an employer then it's likely that you will be well accustomed to auto enrolment and your legal duties. But what about new businesses or those deciding to employ staff for the first time? Under the Pensions Act...
Taxes and the General Election
The general election is fast approaching but what are the two main parties policies on tax and business, and how might you be affected? Here is a closer look at some of the tax reforms proposed in the parties’ manifestos: Income tax The Conservative Party have renewed...
Our Charity Work
For a number of years now we have been supporting Village by Village in Africa - a charity that as the name suggests, helps communities and villages in Africa by doing everything from digging wells, to building schools and clinics, to training teachers and empowering...
Stay Safe Online
Alert! Please be vigilant of a new phishing scam. If you get an email with the subject, “Your 2016 Tax Report”, with an attachment, do not open it. Please forward it to phishing@hmrc.gsi.gov.uk and then delete it. For more advice, please visit GOV.UK and search...
VAT Flat Rate Scheme & Limited Cost Traders
The VAT flat rate scheme aims to simplify the tax affairs of smaller businesses (turnover of < £150,000) by allowing them to work out the VAT that they pay over to HMRC by applying a flat rate percentage to their VAT-inclusive turnover, rather than working out the...
Food For Thought on Dividends
Have you remembered this? There is now a 7.5% tax charge on net dividend income over £5,000. The first £5,000 will be exempt, but thereafter the new charge will apply. From 5th April 2018 this limit now falls to £2,000. In January 2018, many taxpayers, whose main...
Eden Apprenticeship Scheme
Up to £2000 available Eden District Council are working in partnership with Appleby Heritage Centre to provide grants of up to £2000 to support businesses who take on an apprentice in Eden. Businesses taking advantage of this scheme will be free to select their...