We are now just a matter of days away from one of the most important General Elections in British history. The most recent polls suggest that the Conservative Party will win a strong majority and that by the end of the week we could be welcoming Boris Johnson and his cabinet back to Number 10. […]
According to the latest UK Finance Household Finance Update Gross mortgage lending across the residential market saw a yearly increase of 3.7 per cent. Mortgage approvals for new purchasers were also 13.5 per cent higher and remortgage approvals rose by 23.4 per cent since the previous year. The update showed that 85,880 mortgages in total […]
Michael Saunders, a Bank of England (BoE) policymaker, has said that regardless of what direction Brexit does or doesn’t take in the coming months, the Bank is already considering cutting interest rates. Interest rates in the UK have been on hold at 0.75 per cent since August 2018, when they increased from 0.5 per cent […]
The Retirement Living Standards report has revealed that in order to enjoy a ‘comfortable’ retirement couples may need to save up to £1 million. Prepared by the Pensions and Lifetime Savings Association, the report found that for people to enjoy a consistently high standard of life, that would match expectations during a person’s working life […]
Date What’s Due 1/12/19 Corporation tax for year to 28/02/2019 unless quarterly instalments apply 19/12/19 PAYE & NIC deductions, and CIS return and tax, for month to 5/12/19 (due 22/12 if you pay electronically) 30/12/19 Deadline for filing 2018/19 tax return online in order to request that HMRC collect outstanding tax via the 2020/21 […]
The government has recently announced that the previous £1,000 limit on the cost of a bicycle provided under the cycle to work scheme has been removed. This will apply where the employer uses a firm authorized by the Financial Conduct Authority (FCA) to hire out cycles to employees who use them to commute to work. […]
Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief on the payment. For example where an individual makes a £20 cash donation to charity the charity is able to reclaim a further £5 from HMRC making […]
Remember that certain gifts to staff at Christmas are tax free if structured correctly. Ever since April 2016 employers are allowed to provide their directors and employees with certain “trivial” benefits in kind tax free. The rules were brought in as a simplification measure so that certain benefits in kind do not now need to […]
In every General Election since 1997 there have been pledges by the various political parties to resolve the funding of care for the elderly in the UK but yet nothing has happened. It even sparked a dramatic U-Turn by Teresa May in 2015 with her proposal for a so-called “dementia tax”. With the care system […]
Corporation tax is scheduled to be reduced from 19% to 17% from 1 April 2020. However, in a speech to the CBI on 18 November Boris Johnson announced that, if elected, the Conservative Party would keep the rate at 19% to provide an extra £6 billion for the NHS. Despite Jeremy Corbyn telling the CBI […]
The quality of our advice has seen us accredited with coveted Platinum Partner status by Xero – a leading provider of accounting software.
The quality of our advice has seen us accredited with Gold Partner status by FreeAgent – a leading provider of accounting software.
Request a call back