HMRC recently reviewed the ‘effectiveness’ of its risk-based approach to late filing PAYE penalties, and opted to continue to use this approach for the current tax year. Here we provide an overview of the PAYE system. How the PAYE system works Pay As You Earn (PAYE) is the system through which employers deduct an amount … Continue reading Getting to Grips with PAYE
For employees using a company car, the new fuel rates for use from 1 December are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 10 1401cc to 1600cc 15 10 10 1601cc to 2000cc 15 10 12 Over 2000cc 22 15 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st December 2018
The Information Commissioner’s Office (ICO) has launched a self-assessment checklist to help sole traders and the self-employed to assess how they comply under the General Data Protection Regulations (GDPR).GDPR come into force on 25th May 2018 and with potential heavy fines for non-compliance, it is an area important for individual businesses to ensure they get … Continue reading Are you GDPR Compliant?
Where a business incurs expenditure which is passed on to a customer, it is important to recognise the difference between a Disbursement and Re-charged Expenditure. A cost incurred on behalf of a customer is classed as a Disbursement and is reclaimed from the client, but does not form part of the main supply of services … Continue reading Disbursement or Re-Charged Expenditure?
We would like to invite you to join us at this FREE Landlord forum on Tuesday 27th November 2018. Providing legal updates, useful information and details on new regulations, this event is for landlords, or would be landlords, from across the region. Speakers Brett Parry from RiskMonitor will be discussing their comprehensive suite of fire … Continue reading Gwent Landlord Forum – 27 November 2018
We are delighted to bring you our summary of the key announcements in the Budget 2018 statement, made on Monday, 29 October. The personal allowance will be raised to £12,500 from April 2019, one year earlier than previously planned. At the same time, the higher rate threshold will rise to £50,000, also a year ahead … Continue reading Budget 2018: What you need to know
The high income benefit charge was introduced on 7 January 2013 to restrict the availability of child benefit to high earners and their partners. Essentially, where one partner earns more than £50,000, HMRC will claw back the child benefit paid. The amount clawed back will be 1% of the benefit paid for every £100 of … Continue reading NIC Implications and the High Income Benefit Charge
We are pleased to announce that in August this year, Green & Co became Cyber Essentials certified. Cyber Essentials is a Government-backed and industry supported scheme that helps businesses to protect themselves against the ever growing threat of cyber-attacks. The Cyber Essentials Scheme focuses on five main strategies within the 10 Steps to Cyber Security … Continue reading Green & Co Are Cyber Essentials Certified
With instances of online fraud totalling 4.7 million in the year to September 2017, it is vital that you safeguard your business and personal finances. From phishing to identity fraud, we examine some of the most common types of cybercrime, and consider ways in which you can minimise the risk. Types of cybercrime and online … Continue reading Combating Cybercrime and Online Fraud: Are Your Finances Protected?
For their October publication, Insider asked accountancy leaders how they view challenges facing the industry, shifts in technology and recruitment. Here's what we had to say: Challenges facing firms: The introduction of Making Tax Digital (MTD) commencing with VAT next April, and the Welsh Government gaining income tax powers. Accountants will be required to look … Continue reading Insider | Accountancy Sector Report 2018