Stamp Duty Land Tax

If you are thinking of buying a house, Stamp Duty Land Tax (SDLT) could be one of the major costs that you need to consider. However it is not always payable on all properties or for all buyers.  For example, did you know that there are different rules if you are buying your first home… Continue reading Stamp Duty Land Tax

Torr Waterfield Charity of the Year – Bodie Hodges Foundation

This year we have chosen to support the local charity Bodie Hodges Foundation. Following the death of 10 month old Bodie, the Bodie Hodges Foundation was formed in 2012. The charity supports families who have been bereaved of a child and also promotes organ donation. They work with local hospices and the NHS to ensure… Continue reading Torr Waterfield Charity of the Year – Bodie Hodges Foundation

UK-EU border changes and how this may affect the importing of goods

The countdown continues! As things stand, the UK will no longer be a member of the EU at some point in the near future.  This means that UK businesses that have only traded inside the EU may need to follow the same procedures used for trading outside the EU. In order to keep imports up… Continue reading UK-EU border changes and how this may affect the importing of goods

MTD for VAT – Are you ready?

From April 2019 VAT registered businesses and organisations with taxable turnover above the VAT threshold of £85,000 are required to maintain their accounting records digitally in a software product or spreadsheet and also submit their VAT returns to HMRC using compatible software. Here are a few programmes that are compatible with MTD for VAT: XeroSage… Continue reading MTD for VAT – Are you ready?

Get help with saving.

If you are entitled to Working Tax Credit or are receiving Universal Credit, or know someone who is, then this could be for you. The “Help to Save” is a type of savings account; it allows people who are entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every £1… Continue reading Get help with saving.

Tax Refund Scams – What to look out for

Now that the Tax Return season has ended you may receive an email claiming you are due a tax refund. Be aware that it’s a scam to steal your personal details. Criminals are targeting the millions of people who file Self-Assessment Tax Returns online. The fraudsters are sending fake emails purporting to be from HMRC… Continue reading Tax Refund Scams – What to look out for

Employer Update March 2019

National Living/Minimum Wage Changes from 1 April 2019 From 1 April 2019 the National Living/Minimum Wage rates will increase as follows: • £8.21 an hour for workers aged 25 and over - previously £7.83 • £7.70 an hour for workers aged 21 to 24 – previously £7.38 • £6.15 an hour for workers aged 18… Continue reading Employer Update March 2019