Accounting for business

We aim to offer the owner managed business an Accountancy Compliance Service.

As the majority of business returns now need to be filed electronically with HMRC ie VAT, PAYE and Corporation tax returns, it is important that you file the correct information on time, and in the correct format otherwise the penalties rain in, as you need time to manage your business rather than dealing with compliance and penalties.

Inheritance tax changes

The recent Budget saw the Chancellor announce reforms to Inheritance Tax rules which were widely expected following the Conservative Party’s General Election victory.  Currently, a married couple are able to access allowances of £325,000 each, which can be doubled up and applied as a single allow

Grandmother with Grandchild

The Prime Minister David Cameron has recently suggested that he would be “happy” to look at plans for so called “granny leave” giving working grandparents the right to take up to 18 weeks of shared paren

Divorce and new tax developments

Transfers of property between separating couples should take place in the tax year of separation to avoid capital gains tax becoming payable on such transfers. Talk to our Leeds Accountants if in doubt.