I was asked recently by a client as to what tax reliefs were available where their home (Principle Private Residence) was let under a tenancy agreement, rather than sold when they moved. This was something that we had done a number of years ago, but I needed to brush up on the current rules. The […]
Author: Jane Samuel
Successful Grant Applications
I was recently involved in carrying out due diligence on grant applications being awarded by a regional LEP. For confidentiality reasons I will not go into great detail, but the experience has been interesting and I feel that I am in a position to provide guidance to organisations looking for grant funding. There are 30 […]
Auto Enrolment – Are you Ready?
For our Clients and potential clients Just a reminder that the staging date for Auto Enrolment for most Small Businesses has either passed or will happen by January 2018! Have you had any thoughts on which scheme to go for? Are your staff aware that you should have a pension scheme from your staging date? […]
Making Tax Digital – Bean Counter’s view
Making Tax Digital – The views of the Helpful Bean Counter Background The reasons for the change according to HMRC’s website are the following: Making Tax Digital (MTD) is a key part of the government’s initiative to transform HM Revenue and Customs (HMRC) into a world-leading, digital tax authority, reducing the burden for individuals and […]
Companies House rejects 2.5% of Accounts prepared under FRS 102
A surge in rejections of company accounts prepared under the new UK GAAP rules, identified by ICAEW, has been refuted by Companies House, which reports that only 2.5% of accounts have been returned, despite hitting the peak reporting period However, a spike in calls to ICAEW helplines have been related to rejection of accounts filed […]
5 year Financial Forecast Model
The Helpful Bean Counter is pleased to offer a free to download 5 year financial forecast model. Please follow the attached link: http://www.helpfulbeancounter.co.uk/financial-model-template/ We are also keen to help you modify the financial forecast model to suit your business. Our fees are very competitive! We offer a free consultation to get to know your business, […]
EIS & SEIS Company Requirements
For EIS and SEIS purposes a company needs to meet a number of requirements at the time of accepting investment and, unless specified otherwise must continue to meet these requirements for a period of at least three years. What requirements must the company meet? The trading requirement A company must exist wholly for the purposes […]
Autumn Statement summary from The Helpful Bean Counter
A quick update on the Chancellor’s Autumn Statement from the Helpful Bean Counter £1bn broadband investment Small businesses struggling with poor internet connections could soon be able to access a better connection after the chancellor announced an investment of more than £1bn into building out the UK’s digital infrastructure. Wanting to make sure the UK […]
Registering for Self Employment
If you wish to register for self-employment, then you must comply with the official HMRC procedures to ensure that you are paying the correct national insurance (NI) and income tax. How does the government define self-employment? HMRC will consider you self-employed if you are frequently trading goods or services, and take responsibility over the success […]
HMRC’s focus on tax avoidance
HMRC has recently unveiled severe penalties under proposed new legislation seeking to target those intermediaries that provide tax avoidance schemes, and this may have implications for contractors and freelancers, and the use of Umbrella Companies ( Personal services company versus the Umbrella Company ) In the UK tax evasion is illegal, but tax avoidance is not! But […]