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VAT Oddities | UK VAT Rules | VAT Advice Bristol

VAT Oddities

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VAT rules are known for their complexities and the headaches that they can cause businesses around the UK. But it’s the peculiarities of the system that can have people scratching their heads, particularly in the world of food! Recently, the case of Nesquik flavoured milk has been highlighted. Bizarrely chocolate flavoured milk is already VAT…

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Contractors and Construction Industry Scheme | Accountancy Advice

Contractors and the Construction Industry Scheme

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The Construction Industry Scheme (CIS) requires contractors to deduct payments from any subcontractors that they use in order to make advance payments towards the subcontractor’s tax and National Insurance. It is a legal requirement that all contractors register for the scheme, whether a sole trader or a limited company, if: they pay subcontractors to do…

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Changes to Tax Relief for Residential Landlords | Financial Advice for Property Investors

Changes to Tax Relief for Residential Landlords

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For many years, investors have seen their buy-to-let properties as an excellent source of income. However, the Government has acknowledged the need to discourage savvy investors from procuring properties that would otherwise have been sorely welcomed by first time buyers. As of 6th April 2017, a phased implementation began of new rules, designed to restrict…

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New Year New Company | Accounting Advice for Business Start-Up 2018

New Year, New Company?

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Many people use the Christmas break to reflect on the last 12 months and plan for the year ahead. For some though that can mean an entire career shift and the launch of a new business venture. For those of you considering taking the plunge into self-employment in 2018 there are a number of things…

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Trivial Benefits Rule | Tax Efficiency at Christmas | Tax Free Gifts for Employees

Trivial Benefits at Christmas

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With Christmas fast approaching, many companies are starting to plan for the festivities. With parties, presents and puddings to look forward to, don’t forget that there are some tax efficient ways to help with the cost! The Trivial Benefits Rule allows employers to spend up to £50 on gifts for their employees completely tax and…

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Cloud Accounting | Benefits of Cloud Accounting Solutions | Accountancy Advice in Bristol

The Advantages of Using a Cloud Accounting Package

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Accounting packages have come a long way in recent years. No longer do you need to install software on one computer in the office, restricting who can use it and when. No longer do you need to put up with expensive packages with high support and upgrade costs. Cloud accounting packages are the way forward…

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Auto Enrolment | Pensions Act 2008 | Small Business Advice | Pension Advice Bristol

Auto Enrolment

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Most companies are by now, aware that under the Pensions Act 2008 they have a duty to not only put certain members of staff into a pension scheme but also to contribute towards it. This is called Auto-Enrolment and if you employ at least one member of staff then you are classed as being an…

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Top Tips for New Employers | Support for Growing Businesses | Accountancy Support in Bristol

Top Tips for New Employers

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As a business owner, there are many tasks to juggle and many hours to work. On top of this if you wish to grow your business, comes the challenge of employment. To ensure successful growth you must employ the right people but more importantly you have to look after these people and make sure they…

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Spring Budget 2017 Tax Summary

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Highlights Class 4 National Insurance paid by the self-employed to rise to 11% by April 2019. Dividend allowance to fall from £5,000 to £2,000 in April 2018. Corporation Tax decrease to 19% in April 2017 and to 17% in 2020 confirmed. Some small businesses and landlords given extra time to prepare for Making Tax Digital.…

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Dividend & Tax Support in Bristol

Dividend Tax

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The largest change to the taxation of small company owners in a generation came into effect on 6 April 2016 but small company owners are yet to see the effect on their tax bill. With the 2015/16 tax returns now all submitted it’s time to look ahead to the impact the dividend tax will have…

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