Budget 2017 – 22 Nov 2017 Chancellors Speack Key Points

Philip Hammond has delivered his second Budget as chancellor. Here are the key points of his speech. Housing Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000 In London and other expensive areas, the first £300,000 of the cost of a £500,000 purchase by first-time buyers will be exempt… Read More »

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Personal Taxation Planning Guide 2016-17

We are here to help… Make good use of us! This guide is designed to help you identify areas that might have a significant impact on your tax planning. Please consult us early for help in taking advantage of tax-saving opportunities. We will be delighted to assist you. Tax Planning is a year-round activity, but… Read More »

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Summer Budget 8th July 2015

Summer Budget 8th July 2015 The Chancellor, George Osborne, opened his Summer 2015 Budget on 8 July 2015 with “A bold budget…with big ambitions”, then followed with “we shouldn’t go faster, we should go slower”. So what are we to make of this bold but slow Budget? Osborne set out Parliament’s intentions to tackle tax… Read More »

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Analysis of the Summer 2015 Budget

Chancellor of the Exchequer George Osborne presented the post-election Summer Budget on July 8 – the first Conservative only ‘red briefcase’ speech since 1996.   He described it as a Budget for working people and a continuation of the Government’s aim of creating a ‘higher wage, lower tax and lower welfare’ country. It was crammed… Read More »

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The Summer Budget 2015 was surprisingly jam packed of tax and relief changes that will affect businesses

The Summer Budget 2015 was surprisingly jam packed of tax and relief changes that will affect businesses, many in a positive way, however, on some changes the jury is still out. The following is just a brief overview of the main items that I believe will affect SMEs and is not meant to be a… Read More »

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Incorporations and goodwill all is not lost as at 3rd December 2014

Before we start please feel free to talk us at the Accountancy Coop before making any decisions regarding incorporation. Entrepreneurs’ relief is no longer available on the incorporation of many businesses, but HMRC’s attitude to trade-related properties leaves the door ajar for some… In recent years, a large number of businesses (particularly professional practices) have… Read More »

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Some changes to be aware of for 2014 /15 – Class 2 NICS and SEE

Some changes to be aware of for 2014 /15   Class 2 National Insurance contributions (NICs) are becoming an annual charge for the majority of those who are self-employed for the 2015-16 tax year onwards.  As a result Class 2 liability will not be determined until the Self-Assessment return is filed. Small Earnings Exception (SEE)… Read More »

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Are you ready for Auto-Enrolment because The Pension Regulator is?

Are you ready for Auto-Enrolment because The Pension Regulator is? Auto Enrolment commenced roll-out in 2012 and is not going away. If you employ staff now or plan to in the future you have new legal duties which including provide a workplace pension for your staff. The law on workplace pensions has changed: This is… Read More »

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Autumn Statement 2014 & Budget 2015 (Key Points)

Autumn Statement 2014 & Budget 2015 (Key Points) 1 Income Tax personal allowance in 2016-17 and 2017-18 The government will increase the Income Tax personal allowance to £10,800 in 2016-17 and £11,000 in 2017-18. In 2016-17 the basic rate limit will be £31,900 meaning that the higher rate threshold above which individuals pay income tax… Read More »

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