By We provide accountancy, taxation, audit and business advice services to owner managed businesses. Our philosophy is centered on providing a highly professional service that is distinguished by a friendly and personal approach, which is tailored to individual client needs. Our Services We offer a wide range of services including: Preparation
SIMPLIFIED IMPORT PROCEDURES IN THE EVENT OF “NO DEAL”
Arrangements have been announced by the government regarding the movement of goods to and from the EU. A simplified import and export system has been implemented by HMRC – in the event of a ‘no deal’ scenario – as a mechanism to ensure that goods move to and from the UK, with a reduced administrative burden for businesses,
ADVISORY FUEL RATE FOR COMPANY CARS
In line with recent reductions in fuel prices, HMRC have reduced their suggested reimbursement rates for employees’ private mileage using their company car from 1 March 2019. Where there has been a change the previous rate is shown in brackets. Engine Size Petrol Diesel LPG 1400cc or less 11p
DON’T LOSE YOUR PERSONAL ALLOWANCE!
For every £2 that your adjusted net income exceeds £100,000 the £11,850 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. The restriction applies between £100,000 and £123,700 adjusted net income. Another way that
Tax E-News
Click here to download the March 2019 Tax E-News
LAND AND BUILDINGS TRANSACTIONS TAX
Land and Buildings Transactions Tax is the Scottish equivalent of Stamp Duty Land Tax. For residential properties, the rates and bands for land and buildings transactions tax (“LBTT”) will be unchanged for 2019/20, although the additional dwelling supplement will be increased from 3% to 4%. The lower rate for non-residential
Year End Pension Planning
For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and their employer. Note that the unused allowance for a particular tax year may be carried forward for three years and can be added to
Budget 2016 Newsletter
Click here to view the 2016 budget newsletter
