Another year nearly over and a well-deserved rest beckons.
So this month’s update is a little light reading on some of the useful updates you may have missed in 2018 and some exciting news to look forward to in 2019…
Making your life easier – new Monthly Fixed Fees Service
Earlier this year, we introduced our new monthly fixed fees service to help clients review what accounting services were best for them, consolidate everything in one place and improve their cashflow through monthly budgeting (instead of receiving separate annual bills for different services).
Not only that, the fixed fees service also helps you move to commercial (and compliant) software-based accounting in preparation for Making Tax Digital (currently due to come into force in the new tax year).
Keeping you safe – improved Tax Investigation Protection cover
In attempts to increase their revenues, this year saw HMRC step up the number of compliance checks, enquiries and investigations conducted. This meant challenging accounts, tax returns and business records not just of companies, but individuals too.
That’s why we revamped our Tax Investigation Protection Service so that clients could still benefit from top-level cover but at considerably reduced rates; and so that in the event of HMRC starting a compliance check on you, you’ll have someone fighting your corner against them.
The service is designed to reimburse the costs of your defence if you’re selected for enquiry, whilst at the same time providing you with the best possible representation – and assurance that you won’t have to concede to HMRC’s demands on a purely commercial basis.
As well as handling everything from start to finish to ensure you get the best possible defence, your cover also means you won’t have to worry about any additional professional costs associated with the process.
Giving you more choice – a new office in East Hendred
To complement our longstanding Wantage and Witney offices, in October we celebrated the addition of our third office in East Hendred (near Wantage).
Not only does it now give you more choice on where to see us, it also ensures that our offices retain their small, local and inviting feel that clients tell us is so important.
As we become increasingly established as a digital accountancy firm, it’s already become the hub for our Xero cloud accounting specialists (whilst Wantage also continues to offer Xero accounting and houses our audit, tax and payroll experts.
The phone number hasn’t changed and 01235 770084 will get you through to both our Hendred and Wantage teams.
Our new address is:
Unit 3, The Old Estate Yard
Keeping you on track – it’s nearly Tax Return time!
Don’t forget to submit your tax return!
If you’re already sorted, congratulations on being so organised.
If you’re still to submit, though, then you might like to know that Christmas Day and New Year’s Eve remain popular times for many! Please remember that any tax due should be paid by 31st January, including payment of any liability for 2017-18, and any payment on account due for 2018-19. A £100 penalty still applies for late submissions – even if there was no tax to pay or any tax due was paid on time.
Keeping you up to date – your 2018/19 Tax Tables
If you don’t yet have one, we still have some free 2018/19 Tax Tables to give out.
They conveniently give you all the key numbers in one place and include everything you need for the 2018/19 tax year, including:
- Personal and lifetime pension allowances, and basic and higher rate tax thresholds.
- Dividend tax allowance.
- Revised company car tax scales.
And for anyone so inclined, they may even make an ideal last-minute Christmas present. Okay then, perhaps not.
Keeping it brief – Merry Christmas and a Happy New Year!
So that’s it from us for this year. If you’d like any more information on any of the above or even something that we haven’t covered here, please get in touch!
In the meantime, have yourself a very merry Christmas and all the very best for a happy, healthy and prosperous new year.