News Centre
News articles, blogs and resources from Prime Accountants
Please see below for a range of useful blog posts, resources and latest news stories which may be of interest to you.
Have you used your 2018/19 £11,700 annual capital gains exemption?
Consider selling shares where the gain is less than £11,700 before 6 April 2019.
By Glen CallowPublished On: 18/03/2019For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings.
By Glen CallowPublished On: 18/03/2019Your business year end, not 5 April, is relevant for capital allowances purposes.
By Kevin JohnsPublished On: 18/03/2019For every £2 that your adjusted net income exceeds £100,000 the £11,850 personal allowance is reduced by £1.
By Prime AccountantsPublished On: 18/03/2019Your maximum annual investment in ISAs for 2018/19 is £20,000.
By Kevin JohnsPublished On: 18/03/2019Good managers may have high expectations of their team members, but how high should your expectations be in order to maintain a motivated team?
Setting goals which push staff to achieve their best can lead to very positive results.
By Kevin JohnsPublished On: 18/03/2019The amounts that employers and workers will be required to pay into workplace pensions are due to increase from 6 April unless the worker opts out.
By Jamie SkeldingPublished On: 18/03/2019With recent, very public governance failures at businesses such as BHS, Carillion and other well known brands, it is clear that business leaders need to do more in terms of living up to their responsibilities, following best practice, etc.
By Jamie SkeldingPublished On: 18/03/2019Over recent years HMRC has increasingly cracked down on email and SMS phishing, and a number of criminals are turning to cold-calling publicly available phone numbers to steal money from taxpayers.
By Kevin JohnsPublished On: 06/03/2019HMRC has issued Employer Bulletin (February 2019) which includes a number of interesting articles on:
- End of year reporting
- Reporting expenses and benefits
- Student Loan notices and a new type of Student Loan repayment that employers will need to be able to process via payroll (Post Graduate Loans)
- Updates to the Starter checklist - used for new employees
- Reporting the Disguised Remuneration Loan Charge
- Updates to P9 Notices of Coding
- Payrolling benefits in kind
- Scottish Income Tax and
- the Welsh Rate of Income Tax and new codes for Welsh taxpayers.
By Kevin JohnsPublished On: 06/03/2019The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees.
By Kevin JohnsPublished On: 06/03/2019With the end of the tax year looming there is still time to save tax for 2018/19.
By Kevin JohnsPublished On: 06/03/2019HMRC is urging business owners to make sure they are ready for a potential no deal Brexit.
By Morgan DaviesPublished On: 05/03/2019The Scottish Parliament has confirmed the income tax bands that will apply to Scottish taxpayers for 2019/20.
By Prime AccountantsPublished On: 05/03/2019The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC's progress on delivery of Making Tax Digital (MTD).
By Prime AccountantsPublished On: 05/03/2019If you are a follower of Rugby, you'll know that this years 6 Nations Championship has been really exciting, especially if you are Welsh!
Wales beat England in a massive physical battle last weekend.
By Prime AccountantsPublished On: 28/02/2019Management accounts are a summary of your business performance that are prepared on a regularly timed basis (monthly or quarterly is most common) to provide business owners and managers with an up to date picture on how your business is performing, allowing you to make informed strategic decisions.
By Prime AccountantsPublished On: 27/02/2019Due to Brexit, 2019 looks set to be a year filled with uncertainty for businesses.
By Morgan DaviesPublished On: 25/02/2019There is still uncertainty around what Brexit will mean and planning for a "No Deal" scenario seems sensible right now.
By Morgan DaviesPublished On: 25/02/2019Many of us will have made a new year's resolution for 2019.
By Kevin JohnsPublished On: 25/02/2019In December 2018 changes made to CGT entrepreneurs' relief included in the latest Finance Bill could have the effect of denying the relief to certain employee shareholders.
By Prime AccountantsPublished On: 22/02/2019A further late change to the Finance Bill will re-introduce relief for acquired goodwill on the acquisition of businesses with eligible intellectual property from 1 April 2019.
By Kevin JohnsPublished On: 22/02/2019Individual's 2017/18 income tax, CGT, class 2 and 4 NIC liabilities should have been paid by 31 January 2019.
By Prime AccountantsPublished On: 22/02/2019The Government and HMRC have updated its collection of high-level guides called partnership packs, intended to help businesses involved in importing and exporting prepare for changes to customs procedures after 29 March 2019 in the event of a no deal scenario.
By Morgan DaviesPublished On: 22/02/2019
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