Simmons Gainsford Chartered Accountants P11D Forms

2016/17 Forms P11D – The…

Posted on 11th Apr 2017

In addition to the need to complete the 2016/17 forms P11D this year is the first one that will be dealt with under the new requirements that were introduced on 6 April 2016. We have listed the changes below. NO MORE DISPENSATIONS Up until 2015/16...[more]

Auto-enrolment penalties: Are you at risk?

Posted on 10th Apr 2017

Employers who fail to comply with the auto-enrolment regulations, the process that requires all employers to offer their staff a pension scheme, may be subject to statutory notices, penalties or escalating fines by The Pensions Regulator. Auto-enrolment is now entering a critical stage where hundreds of thousands...[more]

Communicate to Access Bank Finance

Posted on 4th Apr 2017

Some lending deals fall through not because a business is a poor credit risk but because lenders cannot be satisfied by the information provided.  Any lender needs to properly understand a business if it is to have confidence in that business and its management team....[more]

April 2017 Newsletter

Posted on 30th Mar 2017

Following the Chancellor's unexpected U-turn on the increase in Class 4 national insurance contributions (NICs) proposed in the recent Spring Budget, business groups have broadly welcomed the news. Meanwhile, the new tax year sees the introduction of a raft of changes to tax and business...[more]

The Little Book of Big Scams

Posted on 27th Mar 2017

‘Scams target people of all ages, backgrounds and income levels. The Metropolitan Police FALCON team has seen the devastating effects this type of crime can have on people and their families. One of the best ways to fight the scammers is to take steps to...[more]

Major Changes to the Taxation of…

Posted on 20th Mar 2017

From 6 April 2017 the changes applying to non-domiciled individuals will become law.  These are summarised as follows: From 6 April 2017 anyone who has been resident in the UK for more than 15 years out of the last 20 will become deemed domiciled in...[more]

Alcohol Wholesaler Registration Scheme (“AWRS”)

Posted on 17th Mar 2017

The coincidence of St. Patrick’s day and Cheltenham will always lead to an increased interest in alcohol. This year my social interest is mixed with the professional because, like others who advise drinks businesses, I am concerned about the position of clients with applications for...[more]

Deadline for applying for individual protection…

Posted on 15th Mar 2017

As the deadline draws nearer we thought it worth reminding again that the final date for applying for Individual Protection 2014 is 5th April 2017. Individual protection 2014 (IP14) can be applied for by those with total pension benefits above £1.25m at 5th April 2014...[more]

End of Tax Year Planning Points

Posted on 10th Mar 2017

As the 5 April approaches, it is important that you take the time to ensure that your tax position is optimised, where possible. With this in mind, we set out below some planning points for you. INCOME TAX There are a vast array of marginal...[more]

Changes to the Flat Rate Scheme

Posted on 10th Mar 2017

In November 2016, the Chancellor of the Exchequer announced an introduction of a new 16.5% VAT flat rate for businesses with “limited costs”. The new rate is effective from 1 April 2017. The Flat Rate Scheme is a simplification measure for traders with an annual...[more]

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