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  • Making Tax Digital

    Making Tax Digital

    Tuesday 11th Apr 2017
    The Headlines Under Making Tax Digital (MTD) businesses, the self employed and landlords will be required to: keep digital accounting records; and use accounting software to make quarterly reports of income and expenses to HMRC.   These requirements are set to be phased in beginning from...Read More...
    WatsON Winter 2016

    WatsON Winter 2016

    Friday 16th Dec 2016
    END OF THE TAX RETURN Preparing for digital business records HMRC believe that a lot of small businesses do not pay the right amount of tax on their profits due to a delay in writing up their accounting records to the end of the year. To resolve this problem, HMRC announced its intention to requi...Read More...
    WatsON Autumn 2016

    WatsON Autumn 2016

    Wednesday 26th Oct 2016
    DIVIDENDS: REDUCE THE TAX YOU PAY Every UK resident individual can receive up to £5,000 of dividends tax free each year, whatever their marginal rate of tax. As a company owner you could arrange for your family members to receive dividends from your company to take advantage of this. Spr...Read More...
    WatsON Summer 2016

    WatsON Summer 2016

    Wednesday 10th Aug 2016
    BREXIT How could the vote affect you and your business? Following the UK’s historic decision to leave the European Union, many of our clients are naturally wondering how the Brexit vote will affect their business and their personal finances. Despite a current climate...Read More...
    Budget 2016 – Corporation Tax Rates to Fall

    Budget 2016 – Corporation Tax Rates to Fall

    Thursday 17th Mar 2016
    The budget yesterday saw confirmation that the Government will not only press ahead with its planned reduction to corporate tax rates over the life of the parliament but to go slightly farther and reduce them to 17% by the end of the parliament in 2020. Whilst the tax rate reductions are heavily lo...Read More...
    WatsON Winter 2015

    WatsON Winter 2015

    Thursday 7th Jan 2016
    DO NEW STAMP DUTY TAXES MEAN BYE-BYE BUY TO LET Surprise Autumn Statement announcement is set to wipe out landlord profits Landlords are in shock after a second huge tax assault on buy to let by the Chancellor which will force investors to pay thousands more in Stamp Duty on new properties &n...Read More...
    WatsON Autumn 2015

    WatsON Autumn 2015

    Monday 2nd Nov 2015
    Lots of content in our Autumn 2015 Newsletter including:  Minimum Wage Vs Living Wage - Benefits cut for low paid workers but compulsory living wage introduced.  Financing Start Ups with SEIS - Can SEIS help with your new start up business? Is it time to switch to Cloud Accoun...Read More...
    WatsON Summer 2015

    WatsON Summer 2015

    Tuesday 15th Sep 2015
    ENTREPRENEURS RELIEF How will the changes announced in the March 2015 Budget affect you? In the March 2015 Budget the Chancellor announced two changes to the valuable Capital Gains Tax (CGT) relief “Entrepreneurs Relief”. Entrepreneurs Relief means that gains that m...Read More...
    Company Car Business update March 2015

    Company Car Business update March 2015

    Sunday 1st Mar 2015
    Company car tax  The basis for taxing those who use company cars is to tax a figure calculated by multiplying the car’s list price by an emissions based percentage (the “appropriate percentage”), with a 3% surcharge on diesel powered cars. Read the full articl...Read More...
    ATED Business update Oct 2014

    ATED Business update Oct 2014

    Wednesday 1st Oct 2014
    H&M REVENUE & CUSTOMS Annual tax on enveloped dwellings (ATED) Will the Government’s Reduction in the Threshold Affect You? ‘ATED’ is a new tax charge on uk residential property held within a company that is payable annually. Read the ...Read More...
    Employment Allowance Business Update April 2014

    Employment Allowance Business Update April 2014

    Tuesday 15th Apr 2014
    Technical briefing National insurance  Claiming your £2,000 employment allowance  From 6 april 2014 employers can claim employment allowance and reduce their employer class 1 national insurance contributions (NICS).  Read it here...Read More...
    RTI (REAL TIME INFORMATION)

    RTI (REAL TIME INFORMATION)

    Tuesday 15th Oct 2013
    PAYROLL INFORMATION - ARE YOU RTI READY? There is a major change in the way payrolls will be administered on the horizon Real Time Information (RTI) will be brought into practice between April 2013 and October 2013 - all employers will be required by Law to submit a Full Payment Submission (FPS) R...Read More...
    Pension Reform - Auto Enrolment and NEST

    Pension Reform - Auto Enrolment and NEST

    Friday 11th Oct 2013
    BUSINESS UPDATE Technical Briefing Pension Reform Auto Enrolment and NEST EMPLOYERS - ARE YOU PREPARED FOR THE CHANGES TO PENSION LAW THAT WILL AFFECT YOU EVEN IF YOU HAVE ONLY ONE EMPLOYEE? The Law surrounding the provision of a pension for your employees is significantly changing. Detailed on ...Read More...
    STAFF ROOM: John is on Top of the World

    STAFF ROOM: John is on Top of the World

    Friday 11th Oct 2013
    John Males challenges himself in a climb for charity Finally after a year of waiting Partner, John Males, completed his climb to the summit of Mount Kilimanjaro!! Standing 5,895m above sea level it is Africa’s highest free standing mountain. Wanting to benchmark his 40th birthday, John combi...Read More...
    STAFF ROOM: New Members of the WA Team

    STAFF ROOM: New Members of the WA Team

    Friday 11th Oct 2013
    Over the last few months we have had the good fortune to be able to add to the Watsons team!   Here are a few new names which you may have contact with from time to time, may we introduce you to:   Alex Heal - Accounts Elicia Norvell -  Receptionist Hannah Petz - Trainee Account...Read More...
    Pension Reform Business Update Sept 2013

    Pension Reform Business Update Sept 2013

    Tuesday 17th Sep 2013
    Pension reform  Auto Enrolment and NEST Employers - are you prepared for the changes to pension law that will affect you even if you have only one employee? The Law surrounding the provision of a pension for your employees is significantly changing. Detailed on the next few pages are the ans...Read More...
    RTI Business Update Oct 2012

    RTI Business Update Oct 2012

    Tuesday 9th Oct 2012
    Payroll reporting is changing... Real time information (rti) What is rti? New hmrc measures come into force april 2013 There is a big shake up in the way payrolls will be administered on the horizon. Real time information (rti) will be brought into practice between april 2013 and october 2013 - a...Read More...
    R&D leaflet April 2012

    R&D leaflet April 2012

    Thursday 26th Apr 2012
    Research and development (R&D) relief The Small and Medium sized enterprise (SME) Scheme from 1 April 2011 the tax relief on allowable R&D cost is 200% - that is, for each £100 of qualifying costs, you're company or organisation could have the income on which corporation tax is p...Read More...
    YE 5 April 2012 Business Update March 2012

    YE 5 April 2012 Business Update March 2012

    Thursday 19th Apr 2012
    Business update The 5th April is the end of the financial year end, plan to save tax now! With the end of the tax year fast approaching, now is a good time to review your business and personal finances to ensure that they are as tax efficient as possible. In this guide we consider some of the plan...Read More...