Autumn Statement 2015

Autumn Statement 2015

On 25th November, the Chancellor delivered his much awaited spending review and Autumn Statement 2015. The question is: Will you benefit from the proposed changes? It is important to note that many of the changes will not come into effect until next year at the earliest and certain specifics won’t … Continue reading

Business Rates – Retail Relief

Business Rates Retail Relief

Did you know that you may be eligible to claim Retail Relief on your business rates if you occupy a retail property with a rateable value of £50,000 or less? The retail sector has changed significantly over recent years, particularly as a result of more shopping being completed over the … Continue reading

Carer’s Credit – Are You Claiming?

Balmer Accountancy - Carer's Credit

It is estimated that almost 200,000 people in the UK could receive Carer’s Credit which can help boost their state pension. Currently only 11,000 of those eligible have signed up though; this equates to just 5%. This credit is a way of increasing your National Insurance contributions such that your … Continue reading

Recharged Expenses – Vatable or Not?

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Are you charging VAT correctly for recharged expenses? One of the areas that businesses can really struggle with is whether to charge VAT on recharged expenses that have been incurred whilst providing services to a client. As a VAT registered business, when you raise an invoice to a client you … Continue reading

National Living Wage

Balmer Accounts - National Living Wage

During the most recent budget we received the somewhat unexpected announcement that the National Living Wage is to be introduced from April 2016 for staff aged 25 and over. Since the announcement, the various pros and cons have been debated, with many of the larger UK employers adding their voice … Continue reading

National Payroll Week

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September 7th – 11th is National Payroll Week (NPW). This has been devised as a way to acknowledge the impact that payroll has not only on businesses but also its contribution to the UK economy. Almost half of all tax revenue received by Her Majesty’s Government is collected via the … Continue reading

HMRC Consultation-IR35 and Wear & Tear Allowance

IR35 HMRC

Following the announcements in the Summer Budget re IR35 and the Abolition of the Fixed Wear & Tear Allowance for Residential Lettings, a series of HMRC consultations with interested parties have been opened. The briefs for these throw some light on HMRC thinking re these issues. IR35 – Intermediaries Legislation … Continue reading

Reward your employees – 5 tax efficient ways

Balmer Accounts Payroll Pension Benefits

1. Salary Sacrifice If you choose to reward your employees with salary sacrifice schemes, employees give up pay and receive a benefit instead. Often these benefits have a more favourable tax treatment or are completely exempt from tax and National Insurance (NI) as long as certain criteria are met. Common … Continue reading

Budget Statement – Summer 2015

Summer Budget Summary

The Chancellor’s recent Budget statement had some significant tax implications beyond the media’s obsession with welfare cuts and the living wage. Details include: Dividends The Budget has made some fundamental changes in the way Dividends from Companies are taxed. The way the tax works and implications of this are set out … Continue reading

Charity Trustee Responsibilities Updated

charity trustee responsibilities

Most people within the charity sector, in addition to several outside, have been aware that the Public Accounts Committee (PAC) and the National Audit Office (NAO) severely criticised the Charity Commission for England & Wales (CCEW) in 2013. In order to address some of these criticisms, the CCEW has been … Continue reading