My dog ate my tax return!

My dog ate my tax return
Jan
5
Posted 2017 by Chris Davies

If you have been asked to complete a self-assessment return for 2015/16 then you have until the end of January to submit the form online to HMRC. If the return does not reach HMRC in… Read More

VAT blow to small businesses

2016 Autumn statement VAT flat rate scheme 16.5%
Nov
28
Posted 2016 by Chris Davies

I can recall the introduction of the VAT Flat Rate Scheme in 2002, which was originally fanfared as a simplification measure for small businesses. After such a long time I don’t recall the exact rates… Read More

The case for Making Tax Digital

Making Tax digital
Nov
5
Posted 2016 by Chris Davies

You may have heard us talk a lot about Making Tax Digital (MTD) recently. But why is the Government so keen to press ahead with this project? After all, millions of taxpayers file their tax… Read More

Director’s loans

Chris Davies Ross Brooke Newbury Accountant
Nov
2
Posted 2016 by Chris Davies

I am often asked by clients what the implications are for borrowings from the company by directors or more accurately “Participators”. The first issue is the benefit in kind of receiving a cheap loan. If… Read More

Supporting local Charities

Newbury Lions Charity Fireworks
Oct
21
Posted 2016 by Chris Davies

Last week, one of our staff Jenny Bowden, met Judith Colby from the Lions Club of Newbury Charity Fireworks who explained that thousands of Newbury locals responded with disappointment when they learnt earlier this year… Read More

Tax Credits Warning

tax credits renewal form
Jul
14
Posted 2016 by Chris Davies

We are constantly reminding our clients to be vigilant about scam or “phishing” emails promising money back, particularly at this time of year, just ahead of the 31 July Tax Credits renewal deadline. If a… Read More

Are you ready for the new dividend tax?

Mar
8
Posted 2016 by admin

Business owners and shareholders need to reassess their position on dividends ahead of changes to the way they are taxed next month. At present there are considerable savings to be made in National Insurance contributions… Read More