Accounting Blog

This category contains 58 posts

Primus Accountancy Recognised as One of the UK’s Top Firms

Handpicked Accountants Primus Accountancy Recognised as One of the UK’s Top Firms Handpicked Accountants is a service which aims to connect small business owners and company directors with reliable and trustworthy accountants in their local area. Approximately 1,000 firms currently feature on Handpicked Accountants and they have been individually selected based on their pedigree and […]

Are you prepared for digital tax returns?

Are you prepared for digital tax returns? As a business owner, you may be aware that as from this month, HMRC will begin to make changes which will eventually see all businesses supplied with a completely digital tax account.  By next year, it is envisaged that around five million businesses will have made the switch […]

Deadline looms for HMRC dispensation changes

6th April 2016 sees HMRC’s move to scrap the need for employers to apply for dispensation when reimbursing work-related expenses incurred by each employee and director, earning over £8,500 per annum. On the surface HMRC’s change in legislation would appear to spell good news for employers who will benefit from reduced paperwork and administrative procedures.  […]

New Dividend Tax Regime Post 5th April 2016

The first Conservative only budget in more than 19 years back in July 2015 was certainly not welcomed by the contracting community. From a contractor’s point of view one of the biggest changes announced in the budget is the change to the way in which dividends will be taxed from 6th April 2016. As it […]

Landlords dealt a double blow in tax changes

The property crisis during the last recession saw a sharp increase in the demand for rental properties across the country, due to difficulties experienced by significant numbers of potential home owners in securing credit.  For those in a stable financial position, buy to let quickly became an excellent option for investment, in many instances yielding […]

Changes to tax relief for travel and subsistence claims for contractors

Changes to tax relief for travel and subsistence claims for contractors In August 2014 the government outlined plans in its Autumn Statement to change the way in which it allowed tax relief on certain travel and subsistence expenses to be applied. A consultation document was subsequently published for the Summer Budget in 2015, which gave […]

Happy New Year!

Happy New Year! We would like to thank all our clients for their continued business during 2015. It has been a pleasure playing a part in helping you reach your business goals. We look forward to working with you in 2016 and contributing to your continued success. From everyone at Primus Accountancy we wish you […]

WHICH BUSINESS INSURANCE DO I NEED AS A CONTRACTOR?

We know it can be a minefield for contractors when it comes to purchasing the right insurance cover to protect you and your business. The volume of products available to you can make the whole process a little overwhelming, so we’ve set out some of the essential insurances you’ll need going forward. PROFESSIONAL INDEMNITY Professional […]

SELF ASSESSMENT PAYMENTS ON ACCOUNT

If you’re a UK taxpayer who makes annual self-assessment income tax returns then you need to be aware of what HMRC calls payments on account and how they work. As the name suggests, payments on account are payments towards your next income tax bill (and your class 4 National Insurance bill if you’re self-employed). You […]

HMRC’S NEW ON SHORE INTERMEDIARY REPORTING REGULATIONS

On 6th April, 2015, new legislation came into effect which requires intermediaries supplying temporary labour to report to HMRC details of all workers they have placed with clients and who are not on their own PAYE payroll. WHO DOES THE LEGISLATION APPLY TO? The legislation affects anyone who is involved in supplying temporary labour, including […]