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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.
Travel expenses - do you visit other offices or are you seconded to a different workplace? Are you eligible for tax-free commuting? As a general rule, employees are denied a tax deduction for the cost of travel between home and work. Likewise, subject to a few limited...read more
Individuals who donate to charity can do so tax-free. There are various ways of making tax-relieved gifts to charity – the way in which the relief works depends on whether the donation is made via Gift Aid, as a deduction from wages or a pension via the Payroll Giving...read more
Employees with a company car are taxed – often quite heavily – for the privilege. The charge is on the benefit which the employee derives from being able to use their company car for private journeys. The amount charged to tax is a percentage of the ‘list price’ of...read more
The payment of National Insurance contributions provides the mechanism by which an individual builds up their entitlement to the state pension and certain contributory benefits. Different classes of contribution provide different benefit entitlements. Employed earners...read more
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