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Flexible accounts department and financial director service

12/09/2019

As your business grows and develops, Astrum can provide you with an experienced accounts and finance team on a flexible basis; in essence, Astrum can be your very own accounts department as and when you need it. We provide these services to a range of businesses from small, single director companies to multi-million pound organisations....

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Flexible accounts department and financial director service

09/08/2019

As your business grows and develops, Astrum can provide you with an experienced accounts and finance team on a flexible basis; in essence, Astrum can be your very own accounts department as and when you need it. We provide these services to a range of businesses from small, single director companies to multi-million pound organisations....

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Are expenses reimbursed to employees exempt from PAYE & NI?

17/04/2019

Expenses which to any degree are not 'wholly & exclusively' for business, are entirely taxable e.g. payments for home to work travel. Splitting between taxable and exempt is not required; if an employee disagrees, they can claim tax relief directly from HMRC. It is down to the employers to decide if expenses are exempt or taxable. If...

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QuickBooks or Xero for Making Tax Digital

30/10/2018

Making Tax Digital (MTD) is expected to affect most tax payers at some stage. MTD is a Government initiative designed to transform tax administration and inevitably means change is coming Any business that is VAT registered and has a taxable turnover of £85k or more will need to submit VAT returns using commercial software...

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Flexible accounts department and financial director service

07/08/2018

As your business grows and develops, Astrum can provide you with an experienced accounts and finance team on a flexible basis; in essence, Astrum can be your very own accounts department as and when you need it. We provide services like these to a range of businesses from small, single director companies to multi-million pound...

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Immigration rights of EEA citizens in the event of a no-deal Brexit

12/09/2019

The Government has now announced the revised transitional arrangements that will apply in the event of a no-deal Brexit to EU, EEA and Swiss citizens and their close family members arriving in the UK after Brexit, replacing those set out in a January 2019 policy paper issued under the previous Prime Minister, Theresa May. The...

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New checker tool to help businesses prepare for Brexit

12/09/2019

The government has launched a “Get ready for Brexit” public information campaign to help ensure businesses are ready when the UK leaves the EU on (currently) 31 October 2019. As part of the campaign, a new checker tool will help businesses to prepare for Brexit, particularly if they import or export, deal with personal data or...

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Information Commissioner’s Office publishes no-deal Brexit guidance for small and medium-sized organisations

11/09/2019

The Information Commissioner’s Office (ICO) has published dedicated guidance to assist small and medium-sized businesses in their preparations for a no-deal Brexit and has urged them to “prepare for all scenarios” to maintain data flows when the UK leaves the EU. The guidance for small and medium-sized businesses is not...

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Get information about a company

11/09/2019

There is a significant amount of information that can be obtained from Companies House. Companies House is responsible for incorporating and dissolving limited companies, examining and storing company information and making company information available to the public. Much of the company information available can be accessed free of...

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What is the Annual Investment Allowance?

11/09/2019

The Annual Investment Allowance (AIA) is a generous tax relief that was first introduced in 2008. The AIA allows for the total amount of qualifying expenditure on plant, machinery, commercial vehicles and other qualifying equipment to be deducted from your profits before tax. The AIA can be claimed by an individual, partnership or...

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Planning a Christmas party?

11/09/2019

Now is the time that many businesses are planning a Christmas celebration for staff as well as possibly for partners/spouses, clients and prospective clients. The cost of a staff party or other annual entertainment is generally allowed as a deduction for tax purposes. If you meet the various criteria outlined below, then there is no...

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Reporting employee changes

11/09/2019

There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC using a Full Payment Submission (FPS). The FPS is a submission that you need to make to HMRC every time you pay your employees and must be submitted on or before the usual date you pay your employees. The information...

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Options to close down a limited company

11/09/2019

There are a number of reasons why a limited company may no longer be required and can be shut down. This may be because the limited company structure no longer suits a client's needs, the business is no longer active, or the company is insolvent. You will usually need the agreement of all the company’s directors and shareholders...

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Claiming Entrepreneurs’ relief

11/09/2019

Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. Where this relief is available, CGT of 10% is payable in place of the standard rate. There are a number of qualifying conditions that must be met in order to qualify for the relief. When the...

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Duty-free shopping to make a comeback?

11/09/2019

The Chancellor of the Exchequer Sajid Javid has said that the Government will reintroduce duty-free shopping with EU countries in the event the UK leaves the EU without a deal. This would mean that passengers travelling to EU countries would be able to buy beer, spirits, wine and tobacco without duty being applied in the UK. According...

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VAT changes for CIS Sub-contractors delayed

10/09/2019

The VAT rule changes for building contractors and sub-contractors that were expected to come into effect imminently, have been delayed for 12 months until 1 October 2020. This surprise announcement followed intense lobbying by the construction industry who have long argued that many businesses in the sector were unprepared for the...

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Filing deadlines for company accounts

04/09/2019

The normal deadline for filing private limited company accounts is 9 months after the company’s financial year end, known as the accounting reference date. For example, many companies have a year-end date of 31 March and are therefore required to file their accounts by 31 December. For public companies, the time limit is 6 months...

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Filing deadlines for a company confirmation statement

04/09/2019

As well as filing accounts with Companies House, there is a further requirement to check that the information Companies House holds about your company is correct every year. This is facilitated by the filing of an annual company confirmation statement. The confirmation statement was introduced in June 2016 and replaced the annual return...

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Contact us

Maple House
5 The Maples
Cleeve
Bristol
BS49 4FS
info@astrum.accountantsTel: 01275 277369 | 01934 235007 | 0117 2140369 

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