Category Archives: Uncategorized

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, […]

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 […]

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 […]

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, […]

New NI termination payments tax rules

The rules on the tax and National Insurance (NI) treatment of termination payments is changing from 6 April 2018 ESB Accountancy explains. Gloucestershire accounting and bookkeeping experts ESB Accountancy explains that payments made on the termination of an employment are treated differently depending on whether the payment is a payment of earnings, such as normal […]

Dividend Allowances for Company Directors explained

The new tax rules for dividend allowances for Company Directors in 2018 is explained by ESB Accountancy. The current regime for taxing dividends has been in place since 6 April 2016. Under the rules, all taxpayers, regardless of the rate at which they pay tax, are eligible for a ‘dividend allowance’. Although termed an ‘allowance’, in […]

Business Services Costs rise in Gloucestershire

The costs for business services rose in Gloucestershire over the summer. According to the Office for National Statistics (ONS) the whole economy Index of Labour Costs per Hour (ILCH), seasonally adjusted, increased by 1.4% in Quarter 2 (Apr to June) of 2017, compared with Quarter 2 2016 and recorded 0.9% growth compared with the previous […]

Glos business services accounts grow

Gloucestershire (Glos) business services accounts grow to record levels. Demand for business services in Gloucestershire is still growing according to the Office of National Statistics (ONS) as local employment is at record levels. Cheltenham Business Services According to the ONS there were 465 men and 250 women looking for work in Cheltenham at the latest […]