We’re Recruiting – Part Time Admin Assistant

Administration Assistant (Part time).

A leading independent Leicester accountancy practice is seeking an Administration Assistant. Ideally being immediately available or on short notice, you will be of strong character, able to work on your own initiative. Your role will involve the following;

  • Setting up new clients taken on by the practice. This includes setting the client up on our computers systems, sending a welcome pack & filing forms with HMRC to register them. 
  • Incorporation of new Limited companies, using our Iris computer system & electronic submission to Companies House once approved.
  • Company Statutory forms including share transfers, allotments and changes of directors details etc.
  • VAT Registration and cancellation forms
  • On-line company searches as and when requested by Directors/Managers for credit checks, obtaining copies of statutory changes.
  • Ensuring that all of the above forms are sent & received back from clients and submitted to the relevant authorities in a timely manner.

Skill Sets required:

  • Being able to deal with difficult clients with tact and diplomacy
  • Planning & Organising your workload, taking responsibility for meeting targets
  • Keeping internal systems up to date for all jobs that you are working on and client details in general
  • Communicating effectively with the Managers and Directors that you are working for
  • Using your own judgement to identify ways to improve job approach if needed
  • Providing assistance to other members of staff as and when they require it
  • Sharing your knowledge and experience with others
  • Highlighting any areas that you feel you need additional training in to the HR department – both during the appraisal process and at any other time that it is necessary
  • Ensuring that Client Confidentiality is maintained at all times

Four weeks holiday, plus Statutory, plus Christmas

Salary – £Negotiable on experience

3 Days a week 8.30am till 5.15pm but this is flexible

Please apply by e mail with c.v to hollie.crown@torrwaterfield.co.uk

or post with c.v

For the attention of Miss H Crown, torr waterfield, Park House, 37 Clarence Street. Leicester. LE1 3RW    

RESTRICTION ON INTEREST RELIEF ON RESIDENTIAL BUY TO LET PROPERTIES

As many owners of rental properties will be aware, from 6 April 2017 there is a restriction on the tax relief available on mortgage interest on residential Buy to Let (BTL) loans. The restriction, which is being phased in over 4 tax years to 2020/21, will eventually limit tax relief to the basic rate of income tax, currently 20%.

For a 40% tax payer (usually taxable income over £44,000) the staggering of the restriction means that over the next 4 years, tax relief on interest will be reduced by 1/8 each year to 50% of its 2016/17 level by 2020/21. For example, a 40% taxpayer paying £2,000 in BTL mortgage interest each year will currently be entitled to £800 of tax relief; this will reduce by £100 a year to £400 by 2020/21. As income is assessed before interest is deducted, more people will find themselves in the 40% tax bracket.

This, combined with the extra 3% Stamp Duty applying to additional residential homes being purchased, amounts to a significant increase in the tax burden relating to owning residential rental property.

The tax relief restriction does not apply to companies letting residential properties, so we are experiencing an increase in requests by individuals and couples wishing to set up a limited company to acquire properties they would like to buy for rental purposes. However, the increase in Stamp Duty still applies and commercial BTL mortgage rates tend to be higher than personal rates.

In some very restricted circumstances, it is possible to transfer existing rental properties into a limited company, taking advantage of incorporation relief to hold over Capital Gains, and in even more limited cases, to avoid payment of Stamp Duty on such a transfer.

If you would like to know more, please email peter.morris@torrwaterfield.co.uk or call 0116 2423400