Tax Tips & News

01869 222830

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12/11/2019

November 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.

 

Recognising genuine HMRC contact
Broadly, phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by disguising oneself as a trustworthy source in an electronic communication. This is generally carried out by email spoofing Read More...
 
Losses in the first years of trade
If a new business makes losses in its first few years of trading, there may be scope to carry back those losses and set them off against other income received in the years prior to commencement of the trade. This is commonly referred to as 'early trade lo Read More...
 
Probate fees changes abandoned
The government has confirmed that controversial increases in probate fees will not go ahead as planned. Fees will now remain at a flat rate, after proposals for a new tiered approach met with strong opposition on the grounds they amounted to a 'stealth ta Read More...
 
Salary or bonus?
As 31 December approaches, many companies will be getting ready to tie up tax matters for their financial year-end and giving consideration to salaries, bonuses and dividends. Read More...
 
November questions and answers
Q1. I have recently started running my own business providing training services. HMRC have advised me that VAT is not charged on the type of services I am providing. Does this mean that my services are zero-rated for VAT or actually exempt? Do I need to r Read More...
 
November Key tax dates
2 - Last day for car change notifications in the quarter to 5 October - Use P46 Car 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/11/2019 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