Accountancy Blog
Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.
Last Chance to Reduce Your Tax Liability
The period leading up to the end of the tax year on 5 April is one of the best times to review your taxes and finances. Indeed taking action prior to the end of the tax year in some cases will give even greater saving opportunities, but you need to act fast.
The Pension Tsunami is heading our way.
Employers today are coming face to face with some of the most challenging legislation ever to be put in place in respect of pensions – Automatic Enrolment. Under this scheme all UK employers have to enrol their staff in a company pension scheme and make contributions towards it. If no action is taken, employers risk […]
Selling your house
Generally speaking, an individual’s ‘sole or main residence’ is exempt from capital gains tax. If a house, etc., was the individual’s ‘sole or main residence’ for only part of his or her period of ownership, then a time apportionment calculation is made. However, under a rule dating back to the introduction of the tax nearly […]
The Autumn Statement – key changes to rates and allowances
The Chancellor of the Exchequer delivered the 2013 Autumn statement on 5 December 2013. Key changes announced are as follows: 2014/15 rates and allowances As announced in the Budget 2013, individuals born after 5 April 2013 will have a personal allowance of £10,000 for 2014/15. The basic rate limit will be £31,865. Transferable personal allowance […]
Employment Allowance
The Chancellor announced in the March 2013 Budget the introduction of a new “Employment Allowance”. HMRC has recently issued more details of the new measure. Worth up to £2,000 the allowance will be able to be set-off against employers’ National Insurance Contributions (NIC) bills from April 2014. The press release from HMRC makes it clear […]