On Wednesday 29th March, we closed the office for one of our regular team away days at The Enterprise Centre. The objective of these is to get the team together to focus on “working ON the business, and not IN it” as is the case for many of us.
What do Music Festivals, Hollywood and James May have in common? ANSWER – Our new Senior Accountant, David Morrell!
We’re pleased to announce the appointment of David Morrell as a Senior Accountant at Sibbalds. David’s role at Sibbalds is to assist in the accounts and audit departmen having gathered a wealth of experience over the years providing advice to businesses of all types and sizes ranging from large groups to sole traders.
‘Making Tax Digital’ (MTD) is a government initiative that sets out a vision for ‘a transformed tax system and the end of the tax return’ by 2020. Under the MTD scheme, HMRC is aiming to create a single ‘digital account’ for each taxpayer in order to unify their different taxes and make it easier for them to manage their tax affairs. Taxpayers will be able to log into their digital account in order to view all payments made and offset overpayments from one tax against underpayments in others.
HMRC has released its latest list of the most outlandish items which have been claimed as expenses.
From 6 April 2017, contractors must use an approved method of electronic communication to verify their subcontractors. HMRC will only accept verification via teh free HMRC CIS online service, or commercial CIS software.
The Lifetime Individual Savings Account (ISA) is a longer term tax-free account that receives a government bonus. The accounts will be available from 6 April 2017.
With the end of the tax year looming there is still time to save tax for 2016/17. We have set out some points you may want to consider.
The new car tax regulations only affect cars registered after 1 April 2017. Use the flowchart infographic below to see how much you would have to pay. We have set out some worked out examples underneath.
Read the latest issue of our Pay Less Tax Newsletter 2016 / 17 Winter Edition