The Big Question: What Do You Want From The Autumn Statement?


Green & Co’s Ed Gooderham answers the South Wales Argus Big Question this week.

Tomorrow is the Autumn Statement from Chancellor George Osborne.

Business Argus asked local business people what they would like to see him announce…

Image courtesy of Idea go at

Posted in Budget, HMRC, PAYE, Tax, VAT | Tagged , | Leave a comment

HMRC Casting Net On Online Traders


Further to HM Revenue and Customs’ 2012 e-marketplace campaign, extensive new powers have now been given to HMRC which have enabled them to approach online market places and, according to the Telegraph, demand information relating to customers’ selling activities. The marketplaces involved include Amazon, Ebay, Gumtree and Etsy.

HMRC have not confirmed at what threshold they believe an online seller becomes an online trader instead they will consider whether the seller’s activities constitute a trade in accordance with the badges of trade. If you occasionally sell your second hand items online, then this will not apply to you.

HMRC uncovered one individual who turned over an undeclared £1.4m in six years, selling DVDs, CDs and games at online market places – which brings a whole new meaning to the phrase, “put it on Ebay!”. That individual was handed a two year prison sentence.

If you are unsure whether your online selling activity amounts to a trade, then it may be worth speaking with a tax advisor.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Image courtesy of Goldy at

Posted in HMRC | Tagged , | Leave a comment

Benefits To Payrolling Benefits In Kind

ID-100105797From April 2016, the government is allowing employers to payroll employee benefits in kind. Payrolling is where the employer includes a notional value for benefits in kind as taxable pay in the payroll cycle, meaning that the income tax is collected in real time.

Currently, tax for employee benefits in kind is collected through a tax code adjustment meaning that it is always reliant on HMRC being informed promptly and can result in an under or overpayment of tax.

One of the biggest benefits of the new system is that there will no longer be a need to submit forms P11D or P46 (Car) after the end of the tax year. The exceptions to this are for living accommodation, beneficial loans and credit vouchers and tokens.

A big benefit for the employee is that any changes can be reported in real time, meaning they should not ordinarily over or under pay tax on their benefits in kind.

Employers seeking to register for the service must do so online with the payroll registration service, which is accessed through the government gateway and can be found HERE.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Image courtesy of Stuart Miles at

Posted in PAYE, Payroll | Tagged , , | Leave a comment

South Wales Argus Cover Our Successful Charity Day

4466188The South Wales Argus has covered our highly successful Children In Need charity day. Please click here to read the full article.

Cwmbran accountancy firm Green & Co Accountants and Tax Advisors has raised £441.29 for Children in Need.

Twenty-five members of the team took part in the fancy dress event and held a cake sale at the offices in Pembroke House, Cwmbran.

A big ‘Pudsey’ thank you to everyone who took part or contributed to a fun day and another amazing total.

Posted in Charity | Tagged , , | Leave a comment

The Big Question: Have You Planned Your Festive Fun Yet?


Green & Co’s Ed Gooderham answers this weeks Big Question for the South Wales Argus.

It’s mid November, the time when many businesses start looking to book their Christmas do.

Business Argus has been asking the local business community if they are ahead of the game and if so, what they have planned for the festive season…

Image courtesy of Ambro at

Posted in Business, Christmas, Employees | Tagged , , | Leave a comment

New Companies Targeted In Latest Scam


We have recently become aware of a new scam targeting newly incorporated companies.

A clients of ours contacted us after we incorporated a new company on their behalf, a few days later they received letter from the REGISTER OF COMPANIES AND BUSINESSES, this company implied a link to Companies House and were asking for a payment of £190.00 for the newly incorporated company to be included in the register. Their website states that the fee is for entry into the register which operates in UK – giving the opportunity to use the websites services. The letter warns that ‘lack of payment will result in lack of entry in the Register of Companies and Businesses’.

Fortunately our client approached us before paying the fee and on inspection, we were able to tell them that this company was not connected to Companies House and that it should be ignored.  Companies House doesn’t send letters demanding money. These letters are sent to the registered office of the new company and could result in unsuspecting people who aren’t familiar with the process being tricked into paying them money.

It has since come to our attention that The National Fraud Intelligence Bureau (NFIB) are aware of the scam and their advice is to never respond to any such communication.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Image courtesy of Stuart Miles at

Posted in Companies House, Scam | Tagged , , | Leave a comment

Landlord Forum – 25 November 2015

We are delighted to announce that our 2nd Landlord Forum is taking place on Wednesday 25th November

After our last event, which covered the new tax legislation for Landlords, it was apparent that keeping up to date with all the other legislative changes is becoming increasingly difficult but significantly more important. So if you are a landlord currently letting properties or thinking about buying to let in South Wales this event is for you.

Speakers will include:

  • Dave Brassey of Underwood Insurance who will be bringing you up to date on the insurance options for Landlords and Employer’s Liability.
  • Nick Park, Director at Green & Co Accountants and Tax Advisors who will be discussing estate planning and the new residence nil rate band.
  • Damian Lines, Partner and Head of the Private Client team at Rubin Lewis O’Brien who will cover Lasting Powers of Attorney.


For any enquiries about this event, please contact Katie Williams at Green & Co on 01633 871122 Email:  or Penny Jarman at Rubin Lewis O’Brien on 01633 626359 Email:

Eventbrite - Landlord Forum

Posted in Advice, Business, Business support, Events, Landlords, Marketing, Seminar, Tax | Tagged , , , , , , , , , , , | Leave a comment