Promotions and appointments as firm celebrates successful year
Abi Cornford and Phoebe Hughes, who specialise in audit services for private businesses, SMEs and UK subsidiaries of overseas groups, have been promoted to become managers. Joining Abi and Phoebe in the business services team, which encompasses audit, accountancy and payroll services, are manager Ben Hinton, senior Tomos Hill, assistant Oliver Sims and trainees Tiffany […]
Autumn Budget 2024 – A Budget for growth? The proof will be in the pumpkin
Most of what was said was expected but there will be disappointment from business owners that they will need to stump up more than had been trailed. As well as the rate of employers’ NICs increasing from 13.8% to 15%, the threshold at which the NICs become payable has been reduced from £9,100 to £5,000 […]
PAYE – references and deadlines
For employers paying electronically, the deadline for payments to reach HMRC is the 22nd of each month following the end of the tax month on the 5th. However, if the 22nd falls on a weekend or bank holiday, the payment deadline is brought forward to the previous working day. It is therefore essential to schedule […]
New appointments strengthen audit and accountancy team at independent firm
Channa Wijesekera joins Kilsby Williams from one of the ‘Big Four’ global accounting firms and will use his external audit, internal audit and special assignments experience to support the firm’s audit specialists as a senior. Channa said: “I am very grateful to all the Partners of Kilsby Williams for the opportunity given to me. It […]
Changes to the taxation of non-UK doms – an update
While she was speaking, her colleagues at the Treasury published a policy paper providing an update on the planned changes to the UK’s taxation of so-called non-doms. As a reminder, the remittance basis of taxation currently gives UK tax resident non-doms (i.e. individuals living in the UK but who have not decided to live here […]
The VAT is out of the (school) bag
Since coming to power there has been much debate on how and when the exemption would be removed. On 29 July the Chancellor Rachel Reeves made a statement to parliament and the Treasury published draft legislation to finally let the cat out of the bag on this. The key elements of the changes are as […]
The General Election – more than just words
After all the predictions and hype, Rishi Sunak stood in the rain in Downing Street and asked us to decide our future on 4 July. There have been many words spoken and written since then and, as the tit-for-tat campaigns plough on, the polls continue to indicate that we will wake up on 5 July […]
Buying to Let? Company or no company?
One of the biggest considerations is whether a limited company should be set up as a vehicle for your investment. Many self-proclaimed “property gurus” today claim a company should always be set up before investing, but this is not the best route for many. Whilst a company has the potential to provide significant tax savings […]
Furnished Holiday Let tax regime abolished
When the FHL rules are abolished on 6 April 2025 all properties previously qualifying as FHLs will convert to being taxed as long-term residential let properties. Below is a list of tax benefits available to individual owners of FHL properties and the corresponding tax treatment of long-term residential let properties: FHL Long-term Residential Letting […]
Kilsby Williams enhances leadership team
Lucy Creese, Stuart Evans, Dafydd Ford, Rob Meredith and Kaye Morris are being promoted from within the firm’s fast-growing commercial Tax, Growth and Transactions departments; while Huw Sheppard from the Audit and Accountancy and Payroll teams completes the leadership group. This is an incredibly exciting time for our business which will ensure we can continue […]
