Landlords Kept in the Know as Renting Homes Act Moves Forward

Neil Soundy and Daniel Bellis

The South Wales Argus highlight another successful Gwent Landlord Forum.

Landlords from across south east Wales have again received expert advice, support and insight into the ever-changing rental landscape as part of the bi-monthly Gwent Landlord Forum.

The event, held by Cwmbran-based Rubin Lewis O’Brien, Green & Co Accountants and Tax Advisors and Lettings agency SerenLiving, took place at the Parkway Hotel.

Two guest speakers gave informative presentations to a packed room, where landlords were informed of the ins-and-outs of operating as a limited company, AIRBNB and the Renting Homes Wales Act.

Opening the evening was mortgage advisor Neil Soundy, who spoke about the benefits of buying property as a limited or trading company, the basic taxation on limited companies and buy to lets, lower rental coverage requirements and AIRBNB for landlords.

The second speaker was Daniel Bellis, a policy officer for the Residential Landlords Association. Daniel discussed the growing concerns of landlords as the Renting Homes Wales Act has come into effect, including the creation of standardised contracts across the rental sector, fit for human habitation regulations, changes in abandonment procedure and changes to joint contracts.

Ed Gooderham, director of Green & Co Accountants, said: “It’s great to see the forum grow with more and more people attending every session. Both speakers were of great quality, providing our landlords with an informative insight into complex topics. Our continued aim is to provide local landlords with as much information and support as possible, and attendees regularly feedback to us how much they enjoy these events.”

The next Gwent Landlord Forum will take place at the Parkway Hotel in Cwmbran on Wednesday July 12. For more information, please contact Rubin Lewis O’Brien, Green & Co or SerenLiving.

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

Accountant Cycles 360 Miles and Raises £10,000 for Charity

Tour De Cymru

This weeks edition of the South Wales Argus features an article on Nick Park’s 360 mile cycle as part of the Leonard Cheshire Tour de Cymru.

A Cwmbran accountant successfully cycled 360-miles across Wales as part of the Leonard Cheshire Tour de Cymru team challenge; raising more than £10,000 in the process.

Nick Park, partner at Green & Co Accountants and Tax Advisors, braved the terrain of rural Wales as he cycled across five days from Anglesey to south east Wales, finishing at the Leonard Cheshire home in Llanhennock, near Newport.

Nick said: “It was a huge privilege to take part in the Tour de Cymru organised by Leonard Cheshire Disability to celebrate 100 years of the birth of Leonard Cheshire.”

Leonard Cheshire Disability is the second largest disability charity in the UK and it supports thousands of people by improving their opportunities and helping them to pursue their goals and to live full lives.

Nick said: “We travelled 360 miles visiting eight of the Leonard Cheshire Services in Wales. The welcome we had from the residents and staff was overwhelming. Their enthusiasm and engagement was inspiring. Many of the residents had taken part in the challenge by riding static bikes in whatever way their disability allowed. They were awarded medals for their enormous efforts and it was very emotional and humbling to see how much it meant to them. One resident at Danybryn in Cardiff said that taking part had renewed her determination to learn to walk again.”

Nick and his team has so far raised £10,537.

Green & Co Accountants and Tax Advisors specialise in business growth and tax minimisation for businesses across Wales and the South West of England.

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

Accountancy Firm Holds Free Seminar on Xero

Introduction to Xero Seminar - Small

This weeks edition of the South Wales Argus features an article on our  Introduction to Xero Seminar.

Cwmbran-based accountancy firm Green & Co Accountants and Tax Advisors is holding a seminar on an introduction to Xero; the cloud-software product.

The free seminar will be held on Thursday, June 8 from 9am until 11am at Parkway Hotel in Llantarnam.

At the seminar, the team will outline what Xero is, the benefits of using the software and how it will help businesses become compliant in the run-up to Making Tax Digital; the government’s commitment to ensuring future tax data submitted by individuals and organisations are online.

The seminar, which will be delivered by Ian Phillips from Xero, is targeted at businesses who are using spreadsheets or offline bookkeeping methods, as well as those looking to understand a little more about Xero.

Ed Gooderham, director at Green & Co said: “We want to use this opportunity to communicate the numerous benefits of Xero to organisations; from micro-businesses to large corporations. The automation element of Xero not only minimises errors but saves valuable time and money whilst relieving administrative stress.”

If you interested in attending the event, contact Katie Williams on 01633 871 122 or email katie.williams@greenandco.com or register on Eventbrite.

Green & Co Accountants and Tax Advisors specialise in business growth and tax minimisation for businesses across Wales and the South West of England.

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

Commercial Tenancy Forum Launches

20170125_180907155_iOS

Last weeks edition of the South Wales Argus features an article on our new Commercial Tenancy Forum.

Organisers of the Gwent Landlord Forum have launched a sister-event aimed at the commercial market.

The first Gwent Commercial Tenancy Forum will be held at the Parkway Hotel, Cwmbran, on Tuesday 20th June from 6.30-8.30pm. The event will inform local business owners who currently rent their commercial premises to keep up-to-date on the latest tenancy legislation.

Cwmbran-based Rubin Lewis O’Brien and Green & Co Accountants and Tax Advisors are behind the successful residential event.

Sam George, Managing Partner at Rubin Lewis O’Brien, said: “We’re really excited to launch the Gwent Commercial Tenancy Forum and we hope that it will continue to build on our already successful residential landlord forum.

“This is set to be a fantastic opportunity for commercial tenants to learn of the support and funding that is available to them. We aim to ensure both tenants and landlords are fully informed on all aspects of commercial lettings.”

The guest speaker will be Andy Harvie, Director of TPG Consulting, a group of Chartered Building Surveyors who offer property professionals expert advice on all building and property related matters. Mr. Harvie’s range of experience has seen him offer solutions to clients with complex requirements, his talk will focus on the the dilapidations of commercial properties.

Mr George continued: “We are keen to continue informing both commercial tenants and residential landlords that there is available support to all parties. Andy is an experienced and knowledgeable professional who will be able to help those in commercial lets understand the continually changing policies and the potential financial implications.”

Please contact the organisers directly for tickets to the free event, or register online:

https://www.eventbrite.co.uk/e/gwent-commercial-tenancy-forum-tickets-34570251553

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

Nick Park Is Cycling 350 Miles for Leonard Cheshire Disability

Tour De Cymru Banner

Nick Park

Next week, Green & Co partner, Nick Park, is swapping his business suit for Lycra and cycling 350 miles across the tough, challenging terrain of Wales.

Over the space of 5 days (24-28 May), Nick and 9 other cyclists will be taking part in the Tour de Cymru, a cycling challenge around Wales from Anglesey in the North to Llanhennock in Monmouthshire in the South East.

The Tour de Cymru is being organised by the wonderful people at Leonard Cheshire Disability to celebrate the founder, Leonard Cheshire’s centenary year. It will take place over 5 days and during each stage there will be an opportunity to visit all of the Leonard Cheshire Disability services and to meet the staff and residents in those services who will be benefiting from the fundraising efforts.

Leonard Cheshire Disability is the second largest disability charity in the UK and it supports thousands of disabled people by improving their opportunities and helping them to pursue their goals and to live full lives.

The money raised from the Tour de Cymru will be used to support people who use the services of Leonard Cheshire Disability in Wales to have access to adapted sports and physiotherapy equipment, as well as helping disabled people gain access to sporting events in the local area.

You can find out more about the Tour de Cymru and the work of Leonard Cheshire Disability here.

What now?

We would love it if you could support Nick and his 9 companions by donating to this worthy cause and helping them achieve their fundraising target of £10,000.

Donating is easy, you can either contribute via JustGiving by clicking this button…

JustGiving - Sponsor me now!

Or alternatively, you can donate by

Texting LCTC65 + £ (amount) to 70070

We would like to thank you in advance for your support.

20170518_191254
Nick Park with the Tour de Cymru team at last nights press launch at the Norwegian Church in Cardiff Bay. The two cyclists on the end are residents of Leonard Cheshire Homes and are using bikes adapted for people with disabilities.

Tour De Cymru Footer

Barrie Kenyon Features on the ACCA Online

iStock-175939063.jpg

Barrie Kenyon of Green & Co speaks to the ACCA online about how accountants can adjust to working long hours during busy periods.

Deloitte’s global 2016 Millennial Survey shows that when salary and other financial benefits are removed from the equation, good work/life balance stands out as the primary factor when evaluating job opportunities.

But what Millennials want and what they can get is not always the same. Many struggle to find jobs that they would be entirely happy with and have to contend with working long hours.

Read more here…

Some Employee Perks Are Being Lost and It Could Be Costly

Green & Co

Green & Co feature in the South Wales Argus discussing the tax changes for employee perks.

The new tax year has seen a raft of changes, with more legislative reform scheduled to come into effect over the next few years.

From changes in dividends, stamp duty, and national insurance (with a U-turn thrown in for good measure) the way that people are taxed is an ever-evolving landscape. However, it’s not just directors, landlords and the self-employed who have been targeted with new legislation.

Barrie Kenyon, partner at Green & Co Accountants and Tax Advisors said: “From 6th April, the tax and employer national insurance advantages of a salary sacrifice or salary exchange scheme was removed. This means that any employees who have swapped their salary for benefits, which typically include additional holiday days, will now pay the same tax as if they were buying them out of their post-tax income. The Chancellor, Philip Hammond, announced the changes in the autumn statement believing the previous schemes were unfair. From earlier this month, they have started to come into effect.

“However, these changes do not affect those employees who have reduced their salary for pension contributions, childcare purposes such as vouchers, workplace nurseries or directly contracted childcare, the cycle to work scheme and ultra-low emission company cars with co2 emissions of or less than 75g/km.

“The schemes were seen as attractive to both employees and employers, with reduced tax liabilities benefiting both parties.”

Mr Kenyon stressed that there were some caveats that accompany the changes: “If any arrangements which were in place before April 2017 relate to cars with co2 emissions over 75g/km, accommodation or school fees: these arrangements will be protected until April 2021. Also, other arrangements agreed prior to April 2017 that do not fall into the aforementioned categories will be protected until the end of the current tax year in April 2018.”

It is estimated that millions of workers from across the UK will pay more tax due to these changes, with the Treasury believing that these schemes are costing too much in lost tax receipts and national insurance contributions. It is estimated that the reform will cost employers in the UK around £85M this tax year, whilst increasing another £260M by April 2021 when the full changes will come into effect.

If you are worried about any of these forthcoming changes, please contact us at Green & Co for further help and guidance.

Green & Co Accountants and Tax Advisors specialise in business growth and tax minimisation for businesses across Wales and the South West of England.

For proactive advice, contact Green & Co Accountants and Tax Advisors on 01633 871 122, follow @Green_and_Co on Twitter or email barrie@greenandco.com.

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

South Wales Argus Features Another Highly Successful Landlord Forum

imgID104609972.jpg.gallery

The South Wales Argus highlight another highly successful Landlord Forum, held at the end of March. Green & Co’s own Leanne Flanagan opened the evening in front of another large crowd.

Property landlords from across South Wales received advice and support in light of the recent budget as part of the bi-monthly Gwent Landlord Forum.

The event, held by Cwmbran-based Rubin Lewis O’Brien, Green & Co Accountants and Tax Advisors, and lettings agency SerenLiving, took place at the Parkway Hotel.

You can read the whole article here.

If you are interested in attending our next Landlord Forum, due to be held on May 31st, please get in touch now to register your interest.

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

Barrie Kenyon Features In This Weeks South Wales Argus

MH_161016_Green_And_Co_018.JPG

Barrie Kenyon of Green & Co features in this weeks South Wales Argus discussing how some changes in the new tax year will effect employees as well as employers.

The new tax year has seen a raft of changes, with more legislative reform scheduled to come into effect over the next few years.

From changes in dividends, stamp duty, and national insurance (with a U-turn thrown in for good measure) the way that people are taxed is an ever-evolving landscape. However, it’s not just directors, landlords and the self-employed who have been targeted with new legislation.

To read the whole article, please click here.