Blog

Cyprus

10 Things you didn’t know about me

20th December | Posted in: Community, Company News, Payroll

What does a typical work day involve for you?   A typical day involves processing payroll for clients and responding to email queries.  I am also responsible for clients’ pension imports and...

Christmas is the time for giving!

18th December | Posted in: Allowances, Capital gains tax, Company News, Inheritance tax, Planning

Anyone thinking about making gifts at Christmas should take advantage of the various Inheritance Tax (IHT) exemptions and reliefs available to them. However, please note that certain gifts may also ha...

New guidance on investments for charities

17th December | Posted in: Charity

OSCR have recently published guidance on matters which charity trustees should take into account when considering their investment strategy.  Please visit  Charity investments, guidance and good pra...

apprentices

How much should I pay my apprentices?

11th December | Posted in: Government Announcements, Payroll, Regulations

The Government are currently running a campaign advising apprentices to check their pay and complain if they are not being paid correctly.  Data shows that almost one fifth of apprentices at Level tw...

VAT registration limit continues to be frozen

10th December | Posted in: Business Tax, Government Announcements, VAT

The VAT registration limit normally increases inline with inflation each year.  However, it was announced last year that the limit would be frozen at £85,000 until 1 April 2020. It has now been ann...

Research & Development (R&D) tax credit to be restricte...

7th December | Posted in: Business Tax, Government Announcements, Planning

The amount of repayable R&D tax credit for Small and Medium Sized Enterprises (SMEs) will again be restricted by the amount of the claimant company’s PAYE and NIC liability from 1 April 2020. Th...

Entrepreneurs’ relief changes

6th December | Posted in: Business Tax, Personal Tax, Planning

The Chancellor has announced two changes to Capital Gains Tax entrepreneurs’ relief:- The minimum qualifying holding period for entrepreneurs’ relief will be increased from 12 months to 24 months ...

A snapshot of Xerocon 2018 and 5 benefits from Cloud Accounting...

3rd December | Posted in: Planning, VAT

The Johnston Smillie cloud accounting team recently attended Xerocon 2018 in London and over 2 days were given fascinating insights into the future of cloud accounting and the “human” benefits to ...

IR35 “Off-Payroll” rules to be extended to private sector...

28th November | Posted in: Business Tax, Government Announcements, IR35

Very controversially, but as expected,  the Government has decided to extend the rules for personal service companies in the public sector to personal service companies in the private sector from Apr...

Capital gains tax – Principal private residence relief (PPR) ch...

28th November | Posted in: Personal Tax, Properties, Property Investment

Changes to Principal private residence relief (PPR) will take effect from April 2020: The final period exemption allowing PPR For the last 18 months of ownership, provided that the property was a prin...

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