News from Baxter & Co, Chartered Certified Accountants in Orpington, Kent

Certified Chartered Accountants in Orpington

National Insurance Employment Allowance

April 29, 2016
Baxter & Co

The employment allowance increased on 6 April 2016 from £2,000 to £3,000 per employer per year, which is great news for small businesses who can set the allowance against employer’s class 1 NIC payable on their employees’ and directors’ pay….

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Baxter & Co, Orpington

Expense and Benefit Reporting

April 25, 2016
Baxter & Co

Now that we have finished the 2015/16 tax year, and are past the final RTI submission deadline (19 April), it is once again time to think about the reporting of expenses and benefits. Director and employee benefits and expenses need…

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Certified Chartered Accountants in Orpington

Who controls your company?

April 13, 2016
Baxter & Co

With all the recent talk in the news of transparency in the tax affairs of the Prime Minister, one measure to increase transparency which came into effect this month has perhaps not received all the attention it deserves. From 6…

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Maximising the Main Residence Relief

April 5, 2016
Baxter & Co

With many people realising significant gains on the sale of their home, it is important to understand how capital gains tax relief, known as the ‘Principal Private Residence’ or ‘PPR’, relief, works.  Whilst most people are aware of the existence…

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Certified Chartered Accountants in Orpington

Budget Summary 2016/17

March 17, 2016
Baxter & Co

Rich in detail, short on vision The Chancellor again lived up to his reputation with an adept performance appeasing small business which felt alienated by the new dividend tax, showing the government’s intent to take on multi-national corporations and shifting…

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Certified Chartered Accountants in Orpington

Dispensing with dispensations

February 19, 2016
Baxter & Co

The P11D dispensation will be no more as from 6 April 2016.   It is replaced by a new automatic statutory exemption for paid and reimbursed business expenses.  This applies to all employers.  If you have a dispensation in place you…

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Certified Chartered Accountants in Orpington

All change – the new dividend tax rules

February 4, 2016
Baxter & Co

The way in which dividends are taxed is changing from 6 April 2016.  For basic rate taxpayers and many business owners, the new rules are far less generous than the current rules.  Taking an additional dividend prior to 5 April…

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Certified Chartered Accountants in Orpington

Are you about to buy a house or flat?

January 20, 2016
Baxter & Co

If you are in the process of, or thinking about, buying a house or flat, then you need to know about this. Just after Christmas the government published the detail of its proposals to levy a supplemental stamp duty land…

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Accountants in Orpington Baxter & Co

The end of capital gains treatment on winding up?

January 13, 2016
Baxter & Co

Following the Autumn Statement the government has published a consultation on company distributions rules, along with proposed draft legislation. The proposed changes will take effect from 6 April 2016. The changes complement the proposed changes to the taxation of dividend…

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Autumn Statement 2015 Summary

November 27, 2015
Baxter & Co

Introduction The headlines, and much of the talk, in the popular press is of the ‘U turn’ on tax credits. And yet George Osborne has managed to stick to his goal of a £10bn surplus by the end of this…

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