Transferring information that’s sensitive and confidential is an important for accountants, although it doesn’t come without some challenges! With the increasing costs of Royal Mail and GDPR rendering email as insecure AJR & Co Ltd have introduced a client portal. This allows our clients, once registered, to upload documents, records and paperwork relevant to their … Read more
HMRC are reminding customers that the deadline for submitting self assessment tax returns is only 100 days away and urging customers to complete their returns early before the Christmas and New Year rush. With more than 2,000 people sending in their tax returns on Christmas Day in 2018, HMRC are asking people to consider submitting … Read more
According to the Institute for Fiscal Studies (IFS) incentives such as entrepreneurs’relief are encouraging business owners to shift around their income to minimise tax payments. The IFS says its analysis of UK tax records shows that, in general, company owner-managers respond to changes in income taxes by adjusting how and when they take money out of their company and … Read more
HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures allowing most traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on 31 October. What is the TSP scheme? The scheme, known as Transitional Simplified Procedures (TSP), … Read more
The ICAEW (Institute of Chartered Accountants in England and Wales) identifies the difference between an Accountant and a Chartered Accountant as: By law anyone can call themselves an accountant. The title ‘chartered accountant’ and the letters ACA or FCA, however, indicates that the person has undertaken a minimum of three years in-depth training, passed a … Read more
HMRC has revised its assessment on the cost to business in the case of a no-deal Brexit. Estimated to cost £15bn a year for ongoing administrative costs for UK-EU trade and up to £56 per declaration HMRC impact assessment for the movement of goods if the UK leaves the EU without a deal (third edition) … Read more
What is Child Benefit and how does it work? You receive child benefit if you’re responsible for bringing up a child who is: Under 16 Under 20 and in approved education or training Child Benefit is paid every 4 weeks and there is no limit on the number of children that can be claimed for. … Read more
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