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 […]
Furnished Holiday Lets – Update
Draft legislation was released in July 2024 that answers some questions on the tax changes for Furnished Holiday Let properties from April 2025. The proposed changes were discussed in our previous article. As anticipated, properties previously qualifying as Furnished Holiday Lets (FHL) will be taxed in line with long-term residential let properties from April 2025, […]
Cryptocurrency and Your Taxes: A Quick Guide
Cryptocurrency—it’s the buzzword that has been popping up everywhere, but what is it exactly? And more importantly, how does it affect your taxes? Think of cryptocurrency like digital cash that exists only online. Unlike regular money, cryptocurrencies like Bitcoin and Ethereum run on a decentralised network called blockchain, which keeps everything secure and transparent. It […]
The importance of the P46 (Car) Form
A P46 (Car) form must be submitted to HMRC under the following circumstances: A company car has been provided A company car has been withdrawn An additional car has been provided Reporting This form can be submitted to HMRC via: Online form to be printed and posted to HM Revenue and Customs, PAYE and SA, […]
Electric Cars – What should you be considering?
Company cars are one of the most common taxable benefits provided by employers but the high P11D benefits arising on petrol and diesel cars have made them a less attractive employee incentive in recent years. The tax treatment of company-owned electric cars is much more favourable although there are various areas for consideration which may […]
Kilsby Williams announces charity of the year
Tax and accountancy specialist Kilsby Williams has announced that it will be supporting Calon Hearts as its charity of the year. Calon Hearts is a Cardiff-based charity which promotes heart health in Wales and across the UK. Less than one in ten people survive an out of hospital cardiac arrest but survival rates can be […]
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 […]
