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Accountwise have been my accountants for about 18 months, their services were recommended to me and what a great find they were. They are easily contactable, explain pricing upfront and offer a cloud based accounting package that is easy to use, affordable and has all the banking feeds you will ever need. As accountants they are extremely professional and have an ability to explain HMRC rules in an easily understandable way. A real 5 star accountant and service offering.
Rob and his team are my safety net – worrying about company returns, accounts, VAT so that I don’t have to. Always attentive, tech literate, and familiar with one-man consultancy businesses, Accountwise is there quietly in the background making sure everything gets done.
Always get great service and they make sure all paperwork is delivered and filed on time.
Rob and his team provide Redthread and me personally with an outstanding, attentive, prompt, and unfailingly helpful service!
Rob and his team have been our accountants for nearly ten years. Excellent quality and service — they are fast, friendly, always ready with advice when I need it, and make accounting very easy for me – which I really value. I would recommend Accountwise very highly.
Accountwise has been our accountant for several years and has helped us change and adapt as our business has grown. They have a calm and peaceful manner and have been our support net, always ensuring that our business flows smoothly and everything is filed and dealt with on time. They are unfailingly patient and always able to explain things at my level so never make me feel daft with the questions I ask. They are extremely knowledgeable and always available to answer any queries as they arise. We have nothing but praise for Rob and his team and would recommend them to all.
Where employees were provided with taxable benefits and expenses in 2018/19, these must be notified to HMRC. The reporting requirements depend on whether the benefits were pay-rolled or not. Benefits not pay-rolled Taxable benefits that were not pay-rolled in 2018/19...read more
The National Minimum Wage (NMW) and National Living Wage (NLW) increased from 1 April 2019. From that date, the NLW, payable to workers aged 25 and over, is set at £8.21 per hour. Workers under the age of 25 and over school leaving age must be paid the NMW appropriate...read more
A PAYE Settlement Agreement (PSA) enables the employer to pay the tax and National Insurance instead of the employee on those benefits and expenses included within the PSA. This can be useful to preserve the beneficial nature of the benefit, for example in respect of...read more
There may be occasions on which an employer provides an employee with a taxi either to or from work. As a general rule, where an employer pays for a taxi for an employee’s journey between home and work, there is a taxable benefit as journeys between home and work are...read more
Where income is mainly derived from savings, it is possible to enjoy tax-free savings income of up to £18,500 tax-free in 2019/20 in addition to that held in tax-free wrappers, such as individual savings accounts (ISAs). The ability to enjoy savings income tax-free is...read more
Under the self-assessment system, a taxpayer is required to make payments on account – advance payments towards the eventual tax and National Insurance liability – where the previous year’s self-assessment bill was £1,000 or more, unless more than 80% of the tax...read more
Businesses which are not using the cash basis can claim capital allowances for capital items that are used in the business, such as plant and machinery, tools and equipment, and so on. Where the annual investment allowance, which gives an immediate 100% deduction...read more
Making Tax Digital (MTD) for VAT went live on 1 April 2019. VAT registered businesses with VATable turnover above the VAT registration threshold of £85,000 are required to comply with the requirements of MTD for VAT from the start of their first VAT accounting period...read more
Employees who joined their employer’s childcare voucher or employer-supported childcare scheme before 4 October 2018 can remain in that scheme and benefit from the associated tax relief for as long as the employer continues to offer it. However, this may not always be...read more
The deadline for filing the 2017/18 self-assessment tax return of 31 January 2019 has now passed. You filed your return on time and paid the tax that you thought was due, but you know realise that you have made a mistake. Is it too late to correct it, and if not, how...read more