Bookkeeping, Accountancy and Taxation services
Government, in the shape of Michael Gove, is warning that businesses and hauliers transporting goods between Great Britain and the EU are urged to ensure they meet necessary requirements before travelling to the border. Government expects that … Continue reading Has your import/ export business been affected by Brexit?
A further reminder that new VAT rules for building contractors and sub-contractors will come into effect from 1 March 2021. The new rules were originally expected to commence from 1 October 2019, but an initial 12 month delay was announced. The … Continue reading CIS VAT Reverse Charge Is Coming – Are You Ready?
The Information Commissioner's Office (ICO) is the independent regulatory office in charge of upholding information rights in the interest of the public. Under the Data Protection Act 2018, all organisations that process personal information must … Continue reading Have you paid your data protection fee?
HMRC’s guidance on which employees can be placed on furlough using the Coronavirus Job Retention Scheme has been updated. The scheme will continue until at least 30 April 2021. The updated guidance includes new information about … Continue reading CJRS – Who can be furloughed?
The Inheritance Tax residence nil-rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) when their main residence is passed down to a direct descendent such as children or grandchildren after their … Continue reading Inheritance Tax and Your Main Residence
Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, tax will be payable on an inherited private pension. The person who died will usually have nominated the recipient by telling their pension … Continue reading Are you liable for tax on an inherited private pension?
How to withdraw funds from your organisation – Dividends This month’s theme for MJB Avanti is How To Withdraw Funds From Your Organisation and this week we will cover Dividends Dividends are a bonus paid to shareholders (the owners of a company) … Continue reading Terrific Tuesday Tax Tip – Dividends
How to withdraw funds from your organisation – Payroll This month’s theme for MJB Avanti is How To Withdraw Funds From Your Organisation and this week we will cover Payroll Each time you pay an employee you must declare this to HMRC, whether that … Continue reading Terrific Tuesday Tax Tip – Payroll
How to withdraw funds from your organisation – Differences between Company & Sole Trader Withdrawals This month’s theme for MJB Avanti is How To Withdraw Funds From Your Organisation, and this week we will cover Differences between Company & … Continue reading Terrific Tuesday Tax Tip – Differences between Company & Sole Trader Withdrawals?
How to withdraw funds from your organisation – Drawings This month’s theme for MJB Avanti is How To Withdraw Funds From Your Organisation and this week we will cover Drawings Drawings are a way for sole traders and partners (the owners of the … Continue reading Terrific Tuesday Tax Tip – How to withdraw funds from your organisation – Drawings
MJB Avanti warn clients of another HMRC based scam. Thank you to the client who was cautious and noted the number for this most recent scam, The fake HMRC phone number was - 07647 612260 Similar to previous calls, the call mentions a fraud … Continue reading Scam Warning
The Government has published a series of new guidance documents for employers to assist them with compliance with the statutory gender pay gap reporting requirements. The guidance documents cover the following issues that affected employers may … Continue reading Gender Pay Gap Reporting
