This category contains 34 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 […]

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.  […]

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 […]

The 2015 Budget – Headlines and Summary

With the general election just over seven weeks away, the Chancellor sought to be the bearer of good tidings to businesses and individuals alike. The UK’s Gross Domestic Product grew by 2.6% in 2014. Although this fell short of the 3.0% growth which had been previously predicted, the Chancellor claimed that the UK economy had […]

Avoiding self assessment late filing penalties

With around 11 million people expected to submit self assessment returns this tax year, it is vital that small business owners are made aware of relevant deadlines and the subsequent penalties for late submissions, which could prove very costly to their organisations due to added interest on both unpaid tax and unpaid penalties. HMRC’s deadline […]

Tax Efficient Life Insurance Cover

At Holcombe Financial Services we work with business owners to create bespoke financial plans that suit their personal and business goals. One area we do a lot of work on is tax efficiency. One area we cover is protection and life assurance for businesses and business owners. Many business owners are unaware that they could […]

Primus breathe life back into local landmark

Primus is Moving After a successful three years, Primus Accountancy LLP was in need of bigger premises. The company has relocated from its previous home on Parkside Business Park to a larger dedicated office at The Old Police Station, 82 High Street, Golborne, WA3 3DA which they have fully renovated inside and out. David Holt, […]

Real Time PAYE Starts in April 2013 – Important Information

Real Time PAYE Starts in April 2013 – Important Information The stressful Year End process of P35 and P14 submission will disappear starting from 6th April 2013, replaced with a submission to HM Revenue & Customs each time your business pays its employees. This is called Real Time Information, or RTI, and it will mean […]

Tax Planning – Maximum Profit Extraction

Tax Planning – Maximum Profit Extraction Increases in the National Insurance (NI) thresholds from 6th April 2013 will increase the optimum annual salary for Directors. The Primary Threshold (PT), the point at which salaries become chargeable to NI for employees, will rise to from £7,592 to £7,748 per year and the Secondary Threshold (ST), the […]

IR35 Update

Amendments to IR35 (intermediaries legislation) The government announced recently that the IR35 rules are to be changed to ensure that the legislation applies to office holders or anyone regarded as an office holder for tax purposes. This follows media criticism of public bodies using personal service companies in situations where it was not always clear […]