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Archive for the ‘Blog’ Category

Want to save 10% on our fees?

May 3rd, 2014
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Don’t forget that if you get your information for your tax return to us by the end of July, we will knock 10% off your bill as an early bird discount! We know the tax return doesn’t have to be filed until January, but why wait?! Save money and get the stress out of the way!

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Budget 2014

March 21st, 2014
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Our Budget brief is now available on our resources page of our website and also below. Please don’t hesitate to contact us should you have any queries.

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Sting in the tail in the Autumn Statement!

December 9th, 2013
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Chancellor George Osborne delivered his Autumn Statement on 5 December 2013. Most articles summarising the changes have missed a key point which may affect you. When you sell a house which has previously been your principal private residence, the gain attributable to the final 36 months has been exempt from tax. From 6 April 2014, this is being reduced to just 18 months. This also affects residential lettings relief given when the property concerned has been let out during the period of ownership. If you are planning on selling a property which was once your home, you may wish to contact us so that we can advise you on whether it may be worth selling the property prior to this change if possible.

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One copy of QuickBooks Pro 2014 for sale!

September 18th, 2013
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I have one brand new copy of QuickBooks Pro 2014 for sale for £168 including VAT. Please e-mail me on [email protected] if you wish to secure it.

UPDATE: 4/11/13 – this has now been sold to Wessex Range Service Ltd of Portland.

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We now accept card payments!

June 7th, 2013
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We have been asked by clients to start accepting card payments. I am therefore pleased to announce that we can now accept payment of our fees by debit or credit card. Each transaction is subject to a 2% fee over and above the invoice value being paid, but we hope that this will be more than compensated for by the additional flexibility and ease of payment. If you wish to settle an invoice, please call us and we will collect the necessary card details from you over the phone and process the transaction whilst you are on the phone.

Capture

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The Red Envelope

July 5th, 2011
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We have launched our “Red Envelope“. If you utilise our book keeping and VAT preparation services, we will shortly be sending you a Red Envelope. This is for you to return your monthly or quarterly book keeping information to us. Once we receive a Red Envelope from you, we will send you another one ready for the next batch of information.

We hope that you find this useful. We believe that putting your information into the Red Envelope as soon as you’ve dealt with it will help you keep your relevant paperwork together and once it is in there, you can forget about it (other than posting the envelope to us of course!).

Please do provide us with feedback as to whether you like the idea and whether the envelopes are of a suitable quality to safely convey your information to us. We will use this feedback to drive any future improvements to the design.

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Our summary of the Budget March 2011

March 24th, 2011
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Here is our summary of the main points of the Budget held yesterday, 23rd March 2011. The main point I think the Government is missing is that small businesses need as much help as possible at the moment. Banks are more reluctant to lend to them and they are really being squeezed.

Budget Summary March 2011 (1151)

The rise in National Insurance is still going ahead and whilst the corporation tax rate from 1 April 2011 fell to 20% from 21%, the rate for larger businesses has gone down by 2% with a further 1% decrease each year until it reaches 23%. It seems that the Government put supporting larger businesses at the forefront and don’t consider what a boost it would be for the economy to give small businesses a real shot in the arm.

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Our views on the Post Election Budget 2010

June 23rd, 2010
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Our summary of what was in the post election Budget yesterday, 22 June 2010, is now available to download from our website.

The Budget didn’t contain any real surprises. The increase in the VAT rate to 20% was widely expected and in fact, we had originally forecast that this would come in in January 2010.

There is some help for businesses included in the budget with a planned decrease in corporation tax rates to 20% for smaller businesses and reducing by 1% for larger businesses per annum until it is at 24%.

The good news comes for clients wishing to sell their businesses. Entrepreneurs Relief which effectively reduces the rate of capital gains tax for all qualifying lifetime gains up to £2m is now extended to £5m.

The main thrust of the Budget was to save money within their spending plans and reduce the tax burden of the benefit system. This has included freezing child benefit for 3 years and stricter rules on other benefits. The good news for lower earners was the increase in the personal allowance by £1,000 and the increase in Child Tax Credits for low income families of around £150 above the rate of inflation next year.

Any comments are very welcome!

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Post Election Budget 2010

June 23rd, 2010
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Our summary of what was in the post election Budget yesterday, 22 June 2010, is now available to download. Should you wish to discuss anything with us, please don’t hesitate to contact us.

Post Election Budget 2010 (1254)

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Budget 2010 – our views

March 25th, 2010
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Our summary of what was in the Budget yesterday, 24 March 2010, is now available to download from our website.

The Budget didn’t contain any real surprises. There is some help for smaller businesses included in the budget but how many small businesses spend their £50,000 annual investment allowances for 100% tax relief, never mind the £100,000 now available?

Businesses are also facing an increase in the small business rate of tax to 22% from April 2011 as well as increased NI costs by 1% from April 2011.

The good news comes for clients wishing to sell their businesses. Entrepreneurs Relief which effectively reduces the rate of tax to 10% (from 18%) for all qualifying lifetime gains up to £1m is now extended to £2m for disposals after 1 April 2010.

Our feeling overall is that this was not a giveaway budget for most of our clients by any means as the measures taken to help small businesses through these difficult times aren’t enough to help the smaller businesses who really need it.

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