Month: May 2019

HomeMay 2019

Brexit – don\’t take your eye off this ball

There is no doubt that many of us are heartily tired of the drawn-out Brexit debate, and yet we should not ignore this topic completely. Opinion seems to be hardening for the so-called “hard” Brexit: where we leave at the...

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Adventures in trade

Readers are reminded that if you profit from a hobby – sell what you produce on a regular basis – you may attract the attention of HMRC. If your annual sales (income before any costs are deducted) are below £1,000...

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Sage 50 Courses

Are you interested in learning how to use Sage 50 accounts software for your business or to improve your career prospects?  Then come along to one of our monthly workshops that are taking place at Acc-Unique Solutions in Albany Road,...

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Keeping an eye on the competition

If your competitor is a company, there is quite a lot of information you can obtain free of charge. For example, from the Gov.uk website you can obtain the following details: company information, for example registered address and date of...

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The new State Pension

Prior to April 2016, men born before 6 April 1951 and women born before 6 April 1953, qualified for a basic State Pension and an Additional State Pension. If you were born after these dates you will qualify for the...

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Tax Diary May/June 2019

1 May 2019 - Due date for Corporation Tax due for the year ended 30 July 2018. 19 May 2019 - PAYE and NIC deductions due for month ended 5 May 2019. (If you pay your tax electronically the due...

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Do not forget the payslips

If you are an employer, you have a statutory duty to provide your employees with a copy of their P60 (pay and tax details for 2018-19) on or before the end of May 2019. If you distribute P60s and then...

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Income Tax – regional differences

You will pay Scottish Income Tax if you live in Scotland, Income Tax if you live in England or Northern Ireland and the Welsh Income Tax if you live in Wales. At present, the only regional variations under the control...

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Can you change a will after death?

On the face of it, this sounds implausible. How can you change your will if you have died? In reality, as long as any beneficiaries left worse off after any change, agree, you can change a person’s will after their...

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Expenses you can set-off against rental income

The expenses you claim against your property income will need to follow the usual HMRC ruling that the costs must be incurred wholly and exclusively for the purpose of renting out the property. An example set out on the Gov.uk...

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