Tel: 01495 302 382

24 James Street, Ebbw Vale. NP23 6JG

Association of Chartered Certified Accountants

Author Archives: Steve

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GDPR – 25TH MAY 2018

Posted on by Steve

As accountants we hold a lot of sensitive information about our clients. The nature of our relationship with clients means that we have always had a responsibility over how we handle sensitive information. Although there are a number of rules … Continue reading

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Workplace Pensions

Posted on by Steve

From the 6th April 2018 there will be increases to the minimum contributions payable http://www.thepensionsregulator.gov.uk/employers/contributions-funding-tax.aspx. You should ensure that you are complying with the new rates to avoid penalties arising.

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Increase in National Living Wage and Minimum wage rates

Posted on by Steve

From the 1st April 2018 there will be increases in the National Living wage and Minimum wage rates. https://www.nidirect.gov.uk/articles/national-minimum-wage-and-living-wage. It is advisable that you review your staff rates to confirm that you are not in breach of the new rates.

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Making Tax Digital (MTD)

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From April 2019 entities that submit Vat returns because they are over the Vat threshold (currently £85000) will have to keep their records digitally for Vat purposes and provide their Vat return information to HMRC through Making Tax Digital compatible … Continue reading

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New Dividend Tax April 2016

Posted on by Steve

The changes to dividend taxation announced in the July budget impact significantly on the decision about incorporation. Following the changes made in December 2014 affecting goodwill on incorporation, this change makes it even less attractive for some clients to run … Continue reading

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RTI Penalties

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Employers with less than 50 employees will now receive penalties if their real time information submissions are submitted late from the 6th March 2015. It is important therefore that submissions are made on or before each payday to avoid these … Continue reading

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Auto Enrolment

Posted on by Steve

This has been publicised on television and in the press. Most employers should now obtain their staging date. This can be done by visting www.thepensionregulator.gov.uk/employers/what-is-my-staging-date.aspx and entering your PAYE reference number. You will then be able to access your staging … Continue reading

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Real Time Information (RTI)

Posted on by Steve

From the 6th April 2013 employers will have to start reporting PAYE information to HMRC in real time. This is referred to as Real Time Information or RTI. This means that employers (or their accountant, bookkeeper or payroll bureau) will … Continue reading

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PPI COMPENSATION

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PPI payouts are usually formed from 3 elements. The first 2 elements constitute the compensation. They are a refund of the premiums paid as well as the interest paid on the premiums. These 2 elements are non taxable. The third … Continue reading

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Increase in Minimum hourly rates from 1st October 2011

Posted on by Steve

The National Minimum rates are reviewed each year by the Low Pay Commission and from October 2011: (1) The main rate for workers aged 21 and over will increase to £6.08, (2) The 18-20 rate will increase to £4.98, (3) … Continue reading

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For further information or to arrange a consultation please fill out the form or contact us using one of the following methods...

Garry White & Co
24 James Street
Ebbw Vale
NP23 6JG.

Office: 01495 302382
Mobile: 07977 729071
Fax: 01495 303260