The start of April brings changes to a number of tax rates and bands… Allowances Personal Allowance – the personal tax free allowance for UK residents has increased to £12,500. Higher Rate Threshold – the higher rate tax threshold for UK residents has increased to £37,500 (£50,000 including personal allowance). Dividend Allowance Reductions – the…

Date posted: April 5, 2019 | Author: | No Comments »

Categories: Accountancy Tips Payroll and Accounting Tips

We are currently putting procedures in place for the changes coming in to play for the new tax year. I thought it would be useful as an employer for you to know what the changes are so you can make sure you are complying with the legislations too…. There are 3 main changes being put…

Date posted: March 29, 2019 | Author: | No Comments »

Categories: Payroll Tips

If you’re an independent retailer in the UK, we can provide you with shop insurance provision tailored to your needs. Making sure you are correctly covered is a very sensible thing to do as saving money now could cost you thousands if you’re mis-insured. So what cover should your shop insurance provision have? You’ll be…

Date posted: March 22, 2019 | Author: | No Comments »

Categories: Insurance Tips

With only two weeks to go before Brexit it was understandable that the Chancellor of the Exchequer, Philip Hammond, was going to present a low-key mini-spring budget in order to not create more difficulties for the Government as it struggles to finalise a deal with the EU. Therefore, on the fiscal side he kept to…

Date posted: March 15, 2019 | Author: | No Comments »

Categories: Payroll and Accounting Tips

The government’s plan to digitise tax for everyone in the UK begins in April 2019 with MTD for VAT. The new rules will require businesses with a taxable turnover above the VAT threshold (£85,000) to store financial records digitally and submit VAT returns from MTD-compatible accounting software. You can read more about MTD for VAT…

Date posted: March 8, 2019 | Author: | No Comments »

Categories: Accountancy Tips Payroll and Accounting Tips

Here at TI Accountancy it looks a little like Santa’s workshop as our own little elves are busy preparing for the Payroll Year End. One of the elves tasks involves sending out P60’s for all our client’s employees.  At TI Accountancy we send out P60’s directly to the employees, safely and securely, through our payroll…

Date posted: February 22, 2019 | Author: | No Comments »

Categories: Payroll Tips

There are 3 key areas you should insure under your office policy Your premises and equipment Your staff and any customers who visit your office Protection of costs should you be unable to trade for a period of time Office insurance packages are designed to take into account your specific industry risks. Covering the above…

Date posted: February 15, 2019 | Author: | No Comments »

Categories: Insurance Tips