A survey conducted by the British Chambers of Commerce (BCC) in conjunction with insurer Aviva has suggested that discussing mental health in the workplace is becoming ‘less taboo’ for both employers and employees. Almost 30% of firms have experienced an increase in the number of employees taking time off work due to mental health issues. … Continue reading Mental Health Becoming ‘Less Taboo’ in UK Workplaces
With the end of the 2018/19 tax year fast approaching, now is a good time to review your finances to ensure you are making full use of the available allowances and minimising your tax liability. Personal planning Maximising the personal allowance The basic income tax personal allowance (PA) for an individual is set at £11,850 … Continue reading Top Tax Planning Tips for the Year End
The deadline of 1st April 2019 is rapidly approaching. How should business owners be feeling about Making Tax Digital (MTD)? Is it something to fear? Something to lose sleep over? Or are there positives to be embraced as we move towards this new era of online business taxation. MTD is the biggest change to the … Continue reading Will Making Tax Digital Make Tax Difficult?
For employees using a company car, the new fuel rates for use from 1 March are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 11 7 10 1401cc to 1600cc 14 8 10 1601cc to 2000cc 14 8 11 Over 2000cc 21 13 13 For the purpose of … Continue reading Advisory Fuel Rates from 1st March 2019
We would like to invite you to join us at this FREE Landlord forum on Tuesday 26th March 2019. As always, our invitation goes out to all who may be interested in attending this FREE event. So if you know someone who is a landlord or thinking about becoming a landlord, please do pass this … Continue reading Gwent Landlord Forum – 26 March 2019
Experts have recently warned that thousands of over-55s are at risk of incurring charges and reducing the available tax relief if they continue to delve into their pension pots whilst benefiting from workplace pension contributions. This article takes a look at some key pensions tax reliefs and allowances. Relief on pension contributions All pension schemes, … Continue reading Are You Making the Most of Pensions Tax Reliefs?
The government recently scrapped its plans to abolish Class 2 national insurance contributions (NICs). They were originally due to be abolished in April 2018, but the plans were delayed for a year until April 2019. The government has now announced that Class 2 NICs will not be abolished during this Parliament. Former Chancellor George Osborne … Continue reading Government Scraps Its Plans to Abolish Class 2 NICs
The South Wales Argus has covered our recent client success. The value of good advice is hard to measure, but for one Pontypool-based business, it has been the difference between coasting and flying high. M&N Motors, based on Abersychan Industrial Estate, has seen at first-hand the difference since switching accountants and taking professional advice from … Continue reading Professional Support and Advice a Game-Changer for Pontypool Business
The government has confirmed its plans to reduce the time limit for filing Stamp Duty Land Tax (SDLT) returns and paying any tax due. First announced in 2015, the measure was due to come into effect in 2017/18, but was subject to a delay. The publication of the draft Finance Bill 2018-19 in the summer … Continue reading Changes to the Stamp Duty Payment Window
Making Tax Digital for VAT (MTD for VAT) is set to come into effect from 1 April 2019 for businesses whose turnover is greater than the current VAT registration threshold of £85,000. However, there are deferrals and exemptions to this as listed below. Firms that fall into the categories below are exempt from MTD for … Continue reading Making Tax Digital for VAT – Exemptions and Deferrals