Have you put the kettle on?
Good.
Because here are the latest goings-on and happenings in the Chapman Worth, Oxon and tax worlds.
Chapman Worth Hosts a Night at the Museum…
Are you local to Wantage and free next Tuesday 9th October at 6pm?
Do you like chambers, commerce and charity?
Then you’re cordially invited to attend next week's Chamber of Commerce meeting at Wantage’s Vale & Down Museum. It’s a free event and the perfect opportunity to network and socialise with other business leaders and professionals over a glass of your choosing and a cornucopia of canapés.
And, as part of the evening's special feature, there's also the chance to keep up to date with community initiatives and learn more on how your business could benefit from local charity involvement. (Don’t worry, no one will be asking for donations or anything like that!)
Jane Hanna OBE, and SUDEP Action CEO, will be talking about how this life-changing charity is raising epilepsy awareness and tackling Sudden Unexpected Death in Epilepsy through its Prevent21 campaign.
To find out more and to book your place, click here.
We’ve a New Office in East Hendred!
And then there were 3…
In addition to our offices in Wantage and Witney, we’ve now opened a third one in East Hendred (near Wantage). Not only does it 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.
Our Hendred office is now the hub for cloud accounting specialists with everyone there Xero-certified, whilst Wantage continues to offer Xero specialist services and also houses CW’s 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.
And when you do come to see us in our new home, you’ll be pleased to know that there’s plenty of free parking right outside the door, as well as an excellent village shop, post office and – just in case – a couple of very decent pubs all within a two-minute walk:
Unit 3, The Old Estate Yard
High Street
East Hendred
Oxfordshire
OX12 8JY
Come and say hello soon!
2018 Budget Statement Announced for Monday 29th October
To avoid a clash with the potential fall-out from the final Brexit negotiations scheduled for mid-November, the Budget Statement has been brought forward.
While all will be revealed by the Chancellor at the end of the month, there’s talk that we might see some of the following during the April 2019 or April 2020 tax years.
- A possible second mini-Budget to adjust economic and fiscal forecast figures should there be a no-deal Brexit.
- No business tax cuts in order to pay for Brexit and other commitments (i.e. NHS and social care).
- No guarantee that Making Tax Digital for VAT will be ready in time for April 2019.
- The outcome of how the IR35 anti-avoidance tax legislation will be amended and whether it will be implemented by spring 2019.
- The 5p plastic bag tax in England may increase to 10p and its scope widened to include all shops (not just businesses with over 250 employees).
Watch this space…
Accountant Found in Bath with Client’s Wife
Allegedly. This is, in fact, one of the reasons given to Companies House for failing to file business accounts on time.
Other gems include ‘goats ate my accounts’, ‘pirates stole my accounts’ and ‘a volcano erupted and prevented me from filing’.
Slugs (yes, eating again) and betting shops (‘we delivered the accounts to the betting shop next to Companies House’) were also used to earn a reprieve by companies, along with: “My company was more successful than I thought it would be, so I was too busy to file.”
Regardless, if you don’t file on time (and haven’t requested an extension due to exceptional circumstances) you risk receiving a late penalty fine. And if accounts are filed late two years in a row, the late filing penalty doubles.
Unless you’ve been abducted by aliens, that is.
MTD for Business: Making Tax Digital or Mangling The Deadline…?
Plenty of concern still surrounds the progress of Making Tax Digital for Business and whether, nearly 2 years on from when it was mooted in March 2017, it will be ready for April 2019.
Whilst, theoretically, the digitalisation of tax administration makes perfect sense and offers myriad benefits, the practicalities of making it viable in time aren’t faring so well.
Even following a 12-month delay to MTD’s initial rollout, discord remains around the latest rush to make it ready – and especially around whether HMRC, businesses (both large and small) and software providers are adequately prepared.
Roll on April 2019. Could be interesting…
So, there you have it.
It’s a good day from us. And it’s a good day from them.
Until next month...
