Call: 01642 606003
Call: 01642 606003
As I write this column, I’m thinking -day dreaming some of my colleagues would say- about three events that, at first glance, are completely unrelated. On closer inspection, however, they are, the three being; the clocks going back at the weekend meaning, to me, the onset of winter; the start of ‘Tax Return Season’ and…Read More
In September, new research (from Hitachi Capital UK, full article here) showed that almost a third of SMEs (31%) have experienced late payments costing their business at least £10,000 in the last 12 months. Having dealt with several clients who have experienced a profit squeeze because of late payments, we have put together a list of tips to…Read More
Non-Residents and UK Property HMRC’s guidance for non-UK residents disposing of UK property has been updated to reflect the changes which took effect on 6 April 2019. The guidance note can be found here. Loan Charges The government has announced an independent review of the Disguised Remuneration Loan Charge. The Treasury has asked for the report…Read More
The spectre of IR35 continues to loom over the contractor world and those engaged by the public sector. There have already been several cases heard at tribunal surrounding individuals working for the BBC under their own limited company, otherwise known as off-payroll working, and more cases are expected. The extension of the off-payroll working rules…Read More
6th June 2019 Our Tax Partner Ian Kelly discusses what might attract the Chancellor’s interest over the next few months, and advises on pre-emptive actions to consider. Brexit. It’s safe to say, this word won’t disappear any time soon. Had the UK left the EU as intended in March then we may have had a…Read More
New legislation from HMRC will come into force on: 1ST OCTOBER 2019 Please speak to us to clarify how the Construction Services Domestic Reverse Charge affects you. As ever, we are highlighting this now in order for our clients to prepare for the changes, which may impact cash flow and your accounting software. The measure will introduce a…Read More
28TH MARCH 2019 When I wrote last November about the increasingly hectic Tax Return season for the year ended 5 April 2018, we had had the first spell of bad weather and the clocks had just gone back giving us instantly darker evenings. Here we are now with a not too bad winter (hopefully!) behind us…Read More
With the dust already beginning to settle on this year’s Tax Return filing season, it is now, traditionally, the time to consider any measures that will help to minimise tax for the current year ending 5 April 2019 and strategies for the following year ending 5 April 2020. For several years now, the existence of…Read More
NOVEMBER 2018 The increasingly darker afternoons and the onset of some poor weather as November comes to a close is a reminder that we are now deep into Tax Return ‘season’. It’s ironic that the gathering gloom and the depths of winter coincide with the task of completing and filing the annual Tax Return. Reverse psychology,…Read More
The Low Pay Commission’s Autumn 2018 report has been published and on the 1st April 2019, the minimum wage will increase again. The National Minimum Wage (NMW) is the minimum pay per hour most employees are entitled to by law. An employee’s age and if they are an apprentice will determine the rate they will…Read More
September 2018 In addition to individual support from account managers, we have designed events to support our clients, local businesses and individuals in the transition to Making Tax Digital (MTD) – HMRC’s plan for easier tax returns, with effect from 1st April 2019. Booking is now open. These 90 minute sessions will: Explain the advantages…Read More
September 2018 It was all too easy with the summer holiday period coming to an end and children returning to school to overlook (wrongly!) National Payroll Week. This year it took place from 3 to 7 September and helped to raise and maintain the profile of payroll and its importance to payroll operatives and employees.…Read More
July 2018 Ian Kelly has joined Tees Valley based accountancy practice Davies Tracey to drive further growth after a year of expansion for the firm. Well-known taxation specialist and former Director at Baldwins Accountants Ian has been appointed as Tax Partner, with a remit to head up the Davies Tracey tax department and grow the…Read More
November 2017 Davies Tracey Accountants have appointed Diane Hodgson to the practice as Client Partner. Diane has over 30 years’ experience in senior management roles working for accountancy firms in the region including Baldwins which was previously Evolution and also Vantis. This is a new role for Davies Tracey who employ 27 staff at their…Read More
Davies Tracey Accountants in Stockton have boosted their in-house resource with several new appointments to the business. The firm has increased their staff numbers to a new high for the firm with the headcount increasing by 25% since September 2014. The practice has an on-going recruitment plan to support planned growth and delivery of specialist…Read More