Category Archives: Gloucester

National Insurance rates for businesses and employees in 2019

ESB Accountancy lists the National Insurance rates for businesses and employees in 2019 National Insurance contributions For 2019/20 the lower earnings limit for Class 1 National Insurance purposes is increased to £118 per week, the primary and secondary thresholds are increased to £166 per week and the upper earnings limit is increased to £962 per […]

Tax relief for entrepreneurs selling businesses

ESB Accountancy explains the tax relief for entrepreneurs selling businesses New personal company tax test Entrepreneurs’ relief reduces the amount of capital gains tax payable on the disposal of qualifying business assets. The availability of the relief is contingent on the qualifying conditions being met. Entrepreneurs’ relief is available for the disposal of shares and […]

Tax changes for business directors in Glos

HMRC has announced dividend tax changes for business directors HMRC has reduced the dividend allowance for company directors of businesses for the 2018/19 For 2018/19 the dividend allowance is set at £2,000 – a reduction from £5,000 for 2017/18. The reduction in the allowance will affect your profit extraction strategy if you have a personal […]

Bookkeeping for Making Tax Digital for Glos Businesses

Businesses in Gloucestershire have bookkeeping for Making Tax Digital decisions to make. Bookkeeping for businesses – DIY or outsource? As a business grows, you’ll have less time to spend on the accounts because you’ll be busier dealing with other matters. This may be a good time to get support. You could bring in your own […]

Bookkeeping and Making Tax Digital for Glos Businesses

Bookkeeping and Making Tax Digital help and advice for Glos Businesses in Cheltenham, Cotswolds, Stroud and Tewkesbury by ESB. Getting on top of money coming in and out of a business – and complying with regulatory and tax rules – can be challenging. Nick Huber outlines some basic steps that can ease the burden for […]

Making Tax Digital for VAT Glos businesses guide

ESB Accountancy guide for Making Tax Digital (MTD) for VAT Glos businesses. The start date for Making Tax Digital (MTD) for VAT is fast approaching. If you are a VAT-registered business with turnover in excess of the VAT registration threshold of £85,000, you will need to comply with the requirements of MTD for VAT from […]

Drive to increase number of business women

There is a drive to increase the number of business women as half as likely as men to start a business “Unfair obstacles” may be stopping women from starting and growing their own companies the government has said. The govt said women were half as likely as men to start their own business, and only a […]

UK unemployment at record low levels

UK unemployment fell by 65,000 to 1.36 million in three months to June – the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show. They also show a rise in productivity, but a slowdown in wage growth. Wages, excluding bonuses, grew by 2.7% in the three months to June, […]

A million couples miss out on tax break

More than a million married and civil partnered couples are still eligible for a tax break but have yet to claim it, HMRC has said. The Marriage Allowance is worth up to £238 a year, and backdated payments of up to £662 could also be available. There was criticism that the allowance, aimed at couples […]

Tax advice for Glos businesses

ESB offers Gloucestershire businesses tax advice suggested by HMRC ESB Accountancy and HMRC suggest that you get your affairs in order swiftly. HMRC are currently running a number of campaigns to encourage taxpayers who have undeclared income to come forward and bring their tax affairs up to date in return for lower penalties. In particular, […]

Accounting tax advice for family businesses in Gloucestershire

HMRC has just updated it’s tax advice for family businesses employing offspring. Gloucestershire’s ESB Accountancy summarises the HMRC tax advise for paying family members is that payments needs to be systematic, recorded, and contemporaneous. Formality is the best approach – think about payment by bank transfer so figures tie in exactly, use payslips and record […]

New 2018 Accounting Tax Rates in Gloucestershire

New HMRC 2018 Tax Rates in Gloucestershire by ESB Accountancy come into effect this month. 2018 Personal allowance tax rates The personal allowance increases to £11,850 for the 2018/19 tax year. As for 2017/18, the personal allowance is reduced by £1 for every £2 by which adjusted net income exceeds £100,000. This means that anyone […]