News

Read our latest Practice News as well as sector specific and accountancy updates from across the UK.

GWA Boys feel the burn for local good causes

On Tuesday night The Greaves West & Ayre team turned out for the opening game of the Berwick Charities Cup 2016 tournament. The final score of 8-3 does not reflect on how well they played for the first 65 minutes and we are all proud of their spirited performance. Berwick Charities Cup, informally known as […]

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Reporting benefits is getting easier

There are a number of welcome changes being made to the taxation of benefits on employees and directors with effect from 6 April 2016. The changes have largely arisen from the work of the Office of Tax Simplification. One in particular will provide much more certainty in the taxation of benefits – a new statutory […]

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ATED Its not just brown envelopes which interest HMRC now

ATED – the background The acronym ATED stands for Annual Tax on Enveloped Dwellings.  This is an annual tax levied on residential dwellings worth more than a certain value that are owned, wholly or partly, by a non-natural person (company, partnership with a corporate partner or collective investment scheme).  It was introduced in April 2013 […]

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Voluntary Payrolling of Benefits in Kind

From April 2016 employers will be able to include taxable benefits as part of an employee’s pay and thus account for PAYE on the benefits. In order to payroll benefits, employers will have to register with HMRC for the service via the Government Gateway before the start of the new tax year. Unfortunately agents are […]

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Dividends – Attention director-shareholders – profit extraction issues

A key advantage of trading as a company is that the owners, who are generally both shareholders and directors, only suffer tax and NIC on any profits extracted from the company, so any profits retained in the company are sheltered from personal tax rates. If funds are required to reinvest into the business or to […]

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News

Staff News Summer/Autumn 2020

Appointments Since our last newsletter two new faces have joined our team in Berwick. Diane Lyons has  joined our Accounts team and Loren Veitch has started work alongside our Wealth Management team. In September we also welcomed back Danielle Campbell to our Corporate Services/Tax team following the birth of daughter Evelyn Grace last year. Work […]


Blog

Tax and Crypto Assets

2009 saw the launch of Bitcoin. Originally seen as being just for geeks and possibly hackers, crypto assets are becoming more common and even considered mainstream by many. HMRC has noted this increased interest in crypto assets. If you invest or trade in crypto assets and you pay taxes in the UK, you need to […]