Kilsby Williams announces major Partner promotions
Lucy Creese, Stuart Evans, Dafydd Ford, Rob Meredith and Kaye Morris have been promoted from within the firm’s fast growing Tax, Growth and Transactions departments, while Huw Sheppard from the Audit, Accountancy and Payroll teams completes the leadership group. Simon Tee, managing partner at Kilsby Williams, said: “This is an incredibly exciting time for our […]
HMRC scam letters – please beware!
The letter is on HMRC’s usual paper and looks official. The letter states that it is being sent in response to correspondence received by the debt management resolution team and asks the recipient to quote their National Insurance number, HMRC reference number and address ‘to help you be dealt with more quickly’. Phishing letters are […]
Kilsby Williams continues to grow with new appointments
Ken Vargis has been appointed as a manager in Kilsby Williams’ business services team. An assurance professional, Ken will be applying his significant auditing expertise to support the firm’s varied client portfolio. Ken said: “I am elated to be joining Kilsby Williams at such a pivotal point in its growth. I am looking forward to […]
Spring Budget 2024: Something to shout about?
Insights from Kilsby Williams’ Tax Director Rob Meredith The headlines were as expected: The Chancellor did include a couple of extra rabbits in the hat though including: The Class 1 NICs cut, added to the similar cut in the Autumn, is estimated to save an average worker £900 a year and represents a cost of […]
R&D – Seismic change is on the way
There are two key elements to be aware of: ADVANCE NOTIFICATION For accounting periods beginning on or after 1 April 2023, companies must advance notify HMRC of their intention to make an R&D claim within 6 months of the year-end. Broadly the requirement is restricted to those companies who have not made a R&D claim […]
Food for thought
Cakes are zero-rated but determining whether a product is a cake has never been straightforward and has just become even more complicated. In the recent Duelfuel Nutrition case, the First Tier Tribunal decided that twin packs of sports nutrition bars which contained a flapjack to be eaten before exercise and a cake bar to assist […]
Undeclared dividends targeted by HMRC
Their focus is on investigating company reserves where profits have been made but the reserves are depleted, suggesting a dividend may have been taken. A challenge is then made giving the owners an opportunity to declare any taxable dividends or otherwise confirm there were none. Penalties can be charged up to the level of tax […]
Inheritance Tax planning – a guide to smart giving
Below are some options and reliefs for reducing your taxable estate during your lifetime. Small Gifts You can make small gifts of up to £250 IHT-free to as many individuals as you like each year, provided you have not used another exemption on the same individual. Annual Exemption The annual exemption is £3,000, allowing you […]
Kilsby Williams appoints directors in new year promotions
The Newport-based business, which is the largest independent firm in the region, has promoted three employees to director roles within its tax and business services teams. Lucy Creese and Kaye Morris have been promoted to director in the tax team, while Zak Wright has been promoted to director in the business services team. Lucy and […]
A Littler more income tax for Luke
It has been a fairytale start to 2024 for the 16 year old Littler who is understood to have earned £200,000 from his run to the WDC final alone. Amongst the press coverage about his success, HMRC’s Press Office congratulated Luke in an X post and took the opportunity to remind everyone of the existence […]
