Tax Tips and News

0121 788 3311

sephton.co.uk

HomeWhy UsServicesResourcesNewsClient AreaContact
27/06/2019

June Tax Tips and News

Welcome to Sephton’s monthly newsletter. Here, you’ll find all our latest tax tips as well as the news that’s affecting our clients. If you scroll down the page, you’ll see you have access to the complete archive too. We’re committed to making sure our clients receive useful advice and support throughout the year.

If you need further assistance though, please get in touch using the details on the ‘contact’ page. We’re happy to help.

New NIC treatment of termination payments
The National Insurance Contributions Bill was introduced into Parliament on 25 April 2019. The Bill contains provisions designed to align the income tax and national insurance contributions (NICs) treatment of termination awards and sporting testimonials, Read More...
 
Making use of gift exemptions for IHT
According to a recent survey undertaken on behalf of HMRC, only 25% of people making financial gifts have a working knowledge of inheritance tax (IHT) rules surrounding such payments. Read More...
 
MTD for VAT: guidance updated
HMRC have published an updated version of their guidance for businesses on Making Tax Digital for VAT. In particular, the guidance now includes information on how businesses should deal with petty cash transactions. Petty cash is traditionally a small am Read More...
 
Moving into partnership
A partnership may be a simple trading vehicle enabling two or more people to own and run a business, but there are few practicalities worth considering before making the move. Whilst there are no legal formalities involved in establishing a partnership, Read More...
 
June questions and answers
If I take my staff away overnight for an off-site daytime business meeting and evening social function, will the costs be tax deductible for corporation tax purposes? Read More...
 
June Key tax dates
19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/6/2019. Read More...
 
About Us

Sephton Accountants are based in West Midlands, offering local business owners and individuals a wide range of services.

All clients are entitled to fixed fees, work delivered on time and unlimited phone support. Visit our website sephton.co.uk for more information.

 

Copyright © 2019 Sephton. All rights reserved.

Marston House, 5 Elmdon Lane, Marston Green, Solihull B37 7DL

Sephton is a trading name of Sephton & Company LLP