Tax Tips & News

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20/01/2020

January Tax Tips & News

Welcome to the Bambury & Co Tax Tips & News monthly newsletter, bringing you the latest news to keep you one step ahead of the taxman. If you need further assistance just let us know or send us a question for our Question and Answer Section. We’re committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year. Please contact us for advice on your own specific circumstances. We’re here to help!

The Bambury & Co App

As a firm we are constantly looking for ways we can improve the service we offer, and so we are proud to announce the launch of our brand-new App.  It’s completely free of charge to anyone and is available for iPhones, iPads and Android devices.

The App will give you access to key accounting data, in real time, whenever you need it, as well as a suite of powerful calculators.  It brings all the financial tools you use together into one easy to use app.

Save hours with these four powerful features:

  • Quick access to Cloud portals, tax data, calculators and more
  • Easy logging of you receipts with the powerful Receipt Manager
  • Track automatic mileage for business and personal trips with the automatic GPS Mileage Tracker
  • Keep updated on key tax updates and more via rapid Push Notifications sent direct to your device

Simply download the App by clicking on this link: https://app.bambury.info

Enjoy!

Please pass the link on to your colleagues at work, business associates, family, friends, etc. If you find the App useful, then I’m sure they will too.

STOP PRESS – Bambury & Co signs up with PayDashboard

The plain fact of the matter is that email is not a secure method of transmitting data, especially the sensitive information found on payslips. And with data security of paramount importance to individuals and businesses, regulators are now cracking down on breaches of data protection.  Since 25 May 2018 the UK has had to apply the new EU General Data Protection Regulations (GDPR).  These will not be affected by Brexit.

Under GDPR not only are we responsible for how we hold and manage our clients’ payroll data, but also our payroll clients are responsible for how that payroll data is transmitted to their employees in the form of payslips, P60s, etc.

PayDashboard is a cloud-based portal that integrates with the current payroll software we use to turn the client’s payroll output file into secure, interactive digital payslips and graphical dashboards.

We will shortly be writing to our payroll clients with further information about PayDashboard.

 

What does the General election mean for tax?
Following the General election on 12 December, Prime Minister Boris Johnson has confirmed that Sajid Javid remains as Chancellor of the Exchequer and no other changes at HM Treasury have been announced. The Prime Minister has however, confirmed that Read More...
 
HMRC advisory fuel rates from 1 December 2019
HMRC have published company car advisory fuel rates for use from 1 December 2019. The rates apply when employers reimburse employees for the cost of fuel for business travel Read More...
 
Another IR35 loss for HMRC
HMRC have faced another defeat in a tax case involving the IR35 intermediaries' legislation. Read More...
 
Business mergers and changes of ownership - payroll issues explained
In the December 2019 issue of Employer Bulletin, HMRC set out the action required to avoid any problems when merging or changing ownership of a business, to ensure all employees' payroll details are transferred to the new business. Read More...
 
January questions and answers
Q. I am the sole director and shareholder of a limited company, which has been trading for many years. Last year, I took an extended holiday and travelled around the world with my wife. We were away for twelve months in total. Read More...
 
January Key tax dates
1 - Due date for payment of Corporation Tax for the year ended 31 March 2019. Return and payment of CT61 tax due for quarter to 31 December 2019 Read More...
 
About Us

Bambury & Co Chartered Accountants are based in Bicester in North Oxfordshire.  As most of our work is carried out in the Cloud, we can offer a wide range of accountancy, bookkeeping, taxation and advisory services not only to local business owners and individuals but also clients based throughout the United Kingdom and in Europe. All clients are entitled to fixed fees, work delivered on time and unlimited email and telephone support.  Please visit our website www.bambury.info for more information.

We offer a full will writing and probate service through our associated company, Cracroft Wills & Probate Limited, including lasting powers of attorney and estate planning.  For more information please call us on 01869 222830.

 

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Bicester Innovation Centre, Telford Road, Bicester, Oxfordshire, OX26 4LD

Bambury & Co is a trading name of Bambury & Co Chartered Accountants