Category Archives: Gloucester

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 […]

What will MTD mean for Glos VAT registered businesses?

ESB Accountancy takes a look at what digital records will be acceptable under MTD for VAT for Gloucestershire businesses. A new draft VAT Notice 700/21 has been published by HMRC giving guidance on what records must be kept digitally within ‘functional compatible software’ in order to comply with the requirements of Making tax Digital (MTD) […]

Tax Accounting Rules for Employers in Glos

ESB Accountancy outlines some Tax Rules for Employers in Cheltenham, Gloucestershire. Same tax rules for all The same rules now apply to tax expenses and benefits regardless of how much the employee earns and whether he or she is a director. The old £8,500 threshold was abolished from 6 April 2016. Since that date, employees who […]

Self Assessment Tax Deadline looms on 31st January

The Self Assessment Tax Deadline looms on 31st January 2018- only 15 days away! 2018 Tax Deadlines: 31 January – for any tax you owe for the previous tax year (known as a balancing payment) and your first payment on account. 31 July for your second payment on account. If you prefer to pay regularly throughout […]

Cheltenham Bookkeepers and Accountants ESB wishes you a Merry Christmas

Cheltenham Bookkeepers and Accountants ESB wishes you a Merry Christmas and a Happy New Year Cheltenham and Gloucester bookkeepers and accountants ESB wishes you a Merry Christmas and a Happy and Prosperous New Year for 2018. So if you would like some help with your bookkeeping and accounting calculations for your organisation from someone with […]

Small Business Tax Planning in Gloucestershire

Small Business Tax Planning in Gloucestershire by ESB Accountancy Taxation is moving to a digital age in Glos. Under the Government’s Making Tax Digital strategy, most businesses will be required to keep track of their tax affairs digitally and to update HMRC at least quarterly. To comply with your requirements in the new digital age, […]