Stepping Stones Accountancy | Accountancy & Tax Latest News

By: Nathan Brady
29 June 2020
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Getting Disincorporation Right

Getting Disincorporation Right https://steppingstonesaccountancy.co.uk/wp-content/uploads/2020/06/Getting-disincorporation-right.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 29 June 2020 21 September 2020

Sadly, the COVID-19 pandemic has had a huge impact on the small business community, some will need to close their doors and others will need to find new ways to adapt. The word “disincorporation” is something that will be on the lips of many business owners. It is the process which enables the transformation from…

Defer Self-Assessment | Defer Payment on Account Due to COVID-19 | Self Assessment Advice Bristol | Help to Defer Self Assessment Bristol

By: Nathan Brady
18 June 2020
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Defer your Self-Assessment payment on account due to coronavirus (COVID-19)

Defer your Self-Assessment payment on account due to coronavirus (COVID-19) https://steppingstonesaccountancy.co.uk/wp-content/uploads/2020/06/defer-your-self-assessment.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 18 June 2020 19 June 2020

The HMRC have recently announced that people can delay their second self-assessment payment for the 2019/20 tax year should they need to. For all those UK taxpayers who should be making a self-assessment payment on, or before, 31st July 2020, but are unable to do so, due to the current impact of coronavirus, they can…

By: Nathan Brady
5 June 2018
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Subcontractors and the Construction Industry Scheme

Subcontractors and the Construction Industry Scheme https://steppingstonesaccountancy.co.uk/wp-content/uploads/2018/06/subcontractors-and-the-construction-industry-scheme.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 5 June 2018 5 June 2018

The Construction Industry Scheme (CIS), in its present form, has been around since 2004 but not everybody is clear on what is required and who it applies to. In essence the scheme means that when subcontractors are working for a contractor, that contractor must deduct money from their pay on behalf of the HMRC as…

By: Nathan Brady
14 May 2018
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VAT Oddities

VAT Oddities https://steppingstonesaccountancy.co.uk/wp-content/uploads/2018/05/vat-oddities.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 14 May 2018 13 May 2018

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…

Contractors and Construction Industry Scheme | Accountancy Advice

By: Nathan Brady
27 April 2018
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Contractors and the Construction Industry Scheme

Contractors and the Construction Industry Scheme https://steppingstonesaccountancy.co.uk/wp-content/uploads/2018/04/contractors-and-construction-industry-scheme.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 27 April 2018 29 April 2018

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…

By: Nathan Brady
7 March 2018
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Changes to Tax Relief for Residential Landlords

Changes to Tax Relief for Residential Landlords https://steppingstonesaccountancy.co.uk/wp-content/uploads/2018/03/changes-to-tax-relief-for-residential-landlords.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 7 March 2018 29 April 2018

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…

By: Nathan Brady
13 December 2017
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New Year, New Company?

New Year, New Company? https://steppingstonesaccountancy.co.uk/wp-content/uploads/2017/12/new-year-new-company.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 13 December 2017 13 December 2017

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…

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

By: Nathan Brady
30 November 2017
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Trivial Benefits at Christmas

Trivial Benefits at Christmas https://steppingstonesaccountancy.co.uk/wp-content/uploads/2017/11/trivial-benefits-rule.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 30 November 2017 30 November 2017

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…

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

By: Nathan Brady
30 October 2017
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The Advantages of Using a Cloud Accounting Package

The Advantages of Using a Cloud Accounting Package https://steppingstonesaccountancy.co.uk/wp-content/uploads/2017/10/cloud-accounting.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 30 October 2017 30 October 2017

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…

By: Nathan Brady
28 September 2017
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Auto Enrolment

Auto Enrolment https://steppingstonesaccountancy.co.uk/wp-content/uploads/2017/09/auto-enrolment.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 28 September 2017 30 October 2017

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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