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Bristol Bookkeeping Professionals Can Assist Businesses in Expansion
A BBC news article published February 3, 2014 reveals recent findings of a survey by The Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton:
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Accountants in Bristol Can Help Avoid Penalties for Poor Bookkeeping
For most people, the end of one year and the start of another means celebrating the holidays and looking forward to start anew. For businesses, it usually means managing finances from the year before and getting ready for the immediate financial future. Particularly, this entails preparations for the end of the current tax year and…
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Survey Finds Bristol Bookkeeping Professionals Sure About the Future
A recent survey by accounting software provider IRIS revealed that accountants and bookkeeping professionals in Bristol and other areas across the United Kingdom are optimistic about the nation’s economic future. 59% of those surveyed express hope for their clients’ businesses, while 72% thought their respective companies will also be on the rise in 2014.
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Tax Tips Accountants in Bristol Should Give Small business Owners
Starting a small or medium sized business can be tough, especially in industries where firms have to scramble to stay in the game along with the corporate giants that dominate the market space. However, if you just play your cards right, you might find such a venture your most lucrative and rewarding enterprise yet. All…
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Basics of Bookkeeping in Bristol: Elements of Financial Assessment
You don’t have to own a business to realise the importance of checking your finances at the end of each fiscal year, if only to ensure that you aren’t shelling out more than what you’re putting into your account. While many Bristol bookkeeping and accounting professionals like Wormald & Partners Chartered Accountants offer their services…
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Simplifying Bookkeeping Practices with Skilled Accountants in Bristol
An article on the Entrepreneur website enumerates the ways bookkeeping can be streamlined for businesses. Managing the ledgers is an important procedure due to its relevance in the preparation of tax forms. The article lists several ways how efficient bookkeeping benefits businesses:
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Bath care home “world class”
Bath care home ‘world-class’, says Health Secretary Jeremy Hunt Delighted to announce another client of Wormald & Partners hits the local press receiving high praise for service delivery. We are very pleased to play a part in this success. http://tinyurl.com/qhq3rq7
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Small Business Enterprises and Outsourced Bookkeeping in Bristol
The realbusiness.co.uk website has an article that discusses how SMEs could use the services of an accountant, especially if the enterprise only has one employee. It would be difficult to rely solely on just one person for everything, so bookkeeping duties can be assigned to accounting services instead. There are various advantages according to the…
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NEW IHT RULES RELATING TO LIABILITIES
NEW IHT RULES RELATING TO LIABILITIES This will not only impact NON UK Domiciled individuals but also any other person subject to UK Inheritance Tax (IHT) on their worldwide assets. NON UK Domiciled Person: Were you intending to borrow monies against UK held property and invest these monies outside the UK, thereby converting these funds…
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LOANS FROM CLOSE COMPANIES TO THEIR PARTICIPATOR
LOANS FROM CLOSE COMPANIES TO THEIR PARTICIPATOR Changes to S455 CTA 2010 – Charge payable by Company. A S455 CTA 2010 charge arises when a company makes a loan to an individual who is a shareholder of the close company or to one of his associates. The charge is 25% of the loan and is…
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CAP ON UNLIMITED INCOME TAX RELIEFS
CAP ON UNLIMITED INCOME TAX RELIEFS Do you have trading losses in the current year from your business (Sole Trade or Partnership)? Do you have losses arising in your property business as a result of claiming Capital Allowances? Have you paid interest on monies borrowed for a qualifying purpose, such as investing in a business,…
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THE NEW STATUTORY RESIDENCE TEST
THE NEW STATUTORY RESIDENCE TEST The 2013 Finance Bill has introduced new Legislation to put the matter of UK Residence Status on a legal footing rather than having to rely on past practices, changes in interpretations and case law. This should provide more certainty to people moving in and out of the UK temporarily or…
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Capable Accountants in Bristol: Nailing the Numbers Right on Track
When it’s taxpayers’ money on the line, simple flaps can derail the importance of spending on projects deemed vital for national defense. According to the Telegraph’s Christopher Hope:
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How Bristol Bookkeeping Services Advise You to Stay Ahead of HMRC
Running foul of Her Majesty’s Revenue Collection (HMRC) may have some serious consequences. According to Daniel Hunter of the Free Business Thinking website:
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Proposed Changes To The Taxation Of Relevant Property Trusts
HMRC have published a consultation document which would have wide repercussion for clients who have set up or are considering setting up several trusts on separate days. Under the current rules each trusts is treated as having its own nil rate band which can generate substantial IHT savings. As part of looking to simplify how…
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Hydrate For Health Receives Queen’s Award For Enterprise
Bristol based company Hydrate for Health Ltd is celebrating after being named as a winner of a Queen’s Award for Enterprise – the UK’s highest accolade for business success, in the category of Innovation. The award is in recognition of the impact their unique product, The Hydrant is having across the healthcare system. The Hydrant…
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Claiming Capital Allowances On Certain Fixtures In Buildings
Have you identified all the expenditure and claimed all the capital allowances you can? This includes Expenditure spent on heating systems, lighting, Alarm systems etc.. Have you acquired a new freehold or leasehold property recently? Have you agreed with the Vendor the value of the building fixtures?
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Child Benefit Tax Charge
If you are unlucky to be caught by the new rules introduced on 7 January 2013 and are thinking of opting out from the “Child Benefit” regime altogether, then please reconsider. Not claiming child benefit could mean that some State Pension entitlement could be lost.
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Change to IR35 legislation to cover office-holders
IR35 tax rules are being extended to office-holders for the 2013-14 tax year onwards. This change applies where a worker provides their personal services to a client via an intermediary to fulfil the duties of an office and the income for those services has not already been subject to PAYE/NICs as employment income.
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All sleeping and limited partners and agents will pay NICs from 6 April
From 6 April 2013 sleeping and inactive limited partners will be required to pay Class 2 NICs and Class 4 NICs after reviewing its interpretation of the law, unless a sleeping or inactive limited partner is either under 16, over pension age, is granted the small earnings exception, is a married woman or widow with…
