Garry White News

MTD FOR INCOME TAX APRIL 2024

Steve — Sat, 09 Jul 2022 08:30:14 +0000

From April 2024 sole traders with an annual turnover in excess of £10000 will be required to keep their records electronically and submit quarterly submissions as well as the end of year final submissions to HMRC. This requirement will also apply to landlords with annual rental income in excess of £10000.

At Garry White and Company we are here to help your business deal with this transition. Please feel free to contact us for further information.

Team Members

Steve — Sat, 09 Jul 2022 08:23:58 +0000

The members of are team are:- Steve Drake F.C.C.A. ATT – Chartered Certified Accountant – Xero Certified – Business owner and CEO Andrew Parry – Accountant – Xero Certified Katherine Tovey A.A.T. – Accounts Assistant – Xero Certified Cara Bastow … Continue reading →

GDPR

Steve — Thu, 18 Feb 2021 15:40:26 +0000

As a firm of Chartered Certified Accountants we remain GDPR Compliant.

Restrictions Business Fund Grants

Steve — Thu, 18 Feb 2021 13:40:20 +0000

The latest round of restriction fund grants are now available via your local council website.

Business Support – Wales – Coronavirus

Steve — Fri, 20 Mar 2020 08:23:55 +0000

Keep checking the Welsh Government page for help available to businesses.

https://businesswales.gov.wales/coronavirus-advice

April 2020 – Capital Gains Tax changes – main residence

Steve — Tue, 11 Feb 2020 09:04:51 +0000

There are 3 significant changes which are as follows:-
(1) Lettings relief will only apply if the letting was undertaken whilst the owner was living in the property.
(2) The final period of exemption is reducing from 18 months to 9 months.
(3) The transaction will need to be reported on a stand alone Capital Gains Tax return within 30 days of completion and a payment made within the same time frame for the Capital Gains Tax arising.

2019 TAX RETURN DEADLINE

Steve — Fri, 22 Nov 2019 08:56:35 +0000

Don’t forget that the 2019 Self Assessment Tax return forms need to be filed by the 31st January 2020 to avoid late filing penalties with HMRC.

GDPR – 25TH MAY 2018

Steve — Wed, 25 Apr 2018 07:33:51 +0000

As accountants we hold a lot of sensitive information about our clients. The nature of our relationship with clients means that we have always had a responsibility over how we handle sensitive information. Although there are a number of rules that we adhere to the changes which are due to be implemented shortly mean that we will need to work harder to protect this information.
Clients can request details from us at any time of who has access to their information and how it is being used. They can withdraw their consent over this date at any point.
If anyone wishes to discuss this with us further please speak to Steve about the matter.

Workplace Pensions

Steve — Wed, 21 Mar 2018 16:46:15 +0000

From the 6th April 2018 there will be increases to the minimum contributions payable http://www.thepensionsregulator.gov.uk/employers/contributions-funding-tax.aspx. You should ensure that you are complying with the new rates to avoid penalties arising.

Making Tax Digital (MTD)

Steve — Wed, 21 Mar 2018 16:31:23 +0000

From April 2019 entities that submit Vat returns because they are over the Vat threshold (currently £85000) will have to keep their records digitally for Vat purposes and provide their Vat return information to HMRC through Making Tax Digital compatible software. Currently 87% of these business currently submit their Vat returns through the Government Gateway but from April 2019 this option will no longer be available to those businesses that exceed the Vat registration threshold.