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January 19, 2017
Following on from our Christmas Draw, we’d like to tell you a little bit about one of our winners. Tina Santoro of STS Wheel Alignment Centre & Mechanical Repairs Ltd STS first established in 1990 by husband and wife team Seb and Tina Santoro. STS are able to boast a company that has since gone…Read More
Following on from our Christmas Draw, we’d like to tell you a little bit about one of our winners. Dave Baker of The Garden Graphics The Garden Graphics is one of Bedford’s most reliable design, print and web publishing companies offering high quality service, friendly and efficient staff that will assist you with your printing…Read More
January 13, 2017
Austria! Jan 2017 Thank you to Mike Bird for this fantastic photo! If you are a client of Cowley Holmes, and you don’t already have one of our Accounts For Life Bags, please just let us know and we’ll send you one in the post. You can use these to bring your records into us,…Read More
December 23, 2016
The “Trivial Benefits” rules have been introduced for the tax year 2016-17 and onwards. In general terms, no income tax charge arises on a benefit provided to an employee (or member of an employee’s family or household) if four conditions are met: The benefit is not cash or a cash voucher The cost of providing…Read More
December 21, 2016
What is meant by the saying “Don’t let the tax tail wag the commercial dog”? Some clients are so concerned with minimising their tax liabilities, and their advisers so eager to please, that sometimes there is a danger of losing sight of the overall commerciality of the proposed transactions. Examples which this writer has come…Read More
December 16, 2016
Following on from last year, we gave our clients the opportunity again to take part in a Christmas draw. We’re delighted to announce the winners as follows: Dave Baker of The Garden Graphics Christopher Linton-Willoughby Tina & Seb Santoro of STS Wheel Alignment Centre & Mechanical Repairs Ltd Our runners-up: Daniel O’Loughlin of White Hart Press…Read More
December 15, 2016
Newsletter issue – December 2016. Q. My wife doesn’t work. Can she transfer her unused personal tax allowance to me? A. Since April 2015, it has been possible for a spouse or civil partner who is not liable to income tax or not liable above the basic rate for a tax year, to transfer part…Read More
November 23, 2016
Lanzarote! November 2016 If you are a client of Cowley Holmes, and you don’t already have one of our Accounts For Life Bags, please just let us know and we’ll send you one in the post. You can use these to bring your records in to us, go shopping, or anything else you wish, including…Read More
November 17, 2016
Q: My client is not VAT registered as he is a financial intermediary; his turnover is about £100,000. He receives commission from mortgage providers for introducing customers to them and has heard that some intermediaries doing the same type of work are VAT registered and are accounting for VAT at the standard rate. Why is this?…Read More
November 9, 2016
Barbados! October 2016 Thank you to Myra Jennings for these photos! If you are a client of Cowley Holmes, and you don’t already have one of our Accounts For Life Bags, please just let us know and we’ll send you one in the post. You can use these to bring your records in to us,…Read More
November 1, 2016
New rates for the National Minimum Wage (NMW) took effect from 1 October 2016, and employers must ensure that they implement them accordingly. The rates are as follows: 25 and over – £7.20 per hour; 21- to 24-year-olds – £6.95 an hour; 18- to 20-year-olds – £5.55 an hour; 16- to 17-year-olds £4.00 an hour;…Read More
October 31, 2016
Albuferia’s beach, Portugal! October 2016 If you are a client of Cowley Holmes, and you don’t already have one of our Accounts For Life Bags, please just let us know and we’ll send you one in the post. You can use these to bring your records in to us, go shopping, or anything else you…Read More
October 28, 2016
Maria Alm nr Zell am See, Austria! July 2016 Spot the bag!… That’s more like it… If you are a client of Cowley Holmes, and you don’t already have one of our Accounts For Life Bags, please just let us know and we’ll send you one in the post. You can use these to bring…Read More
Children’s income is theirs in their own right, no matter how young they are. They are also entitled to the full personal allowance. However for a child under the age of 18 and unmarried, this does not apply to income that comes directly or indirectly from a parent. Where it has come from the parent it…Read More
October 27, 2016
From 6 April 2016 a basic rate taxpayer will be able to earn up to £1,000 in savings income tax free. Higher rate taxpayers will be able to earn up to £500. This is called the Personal Savings Allowance. This means that most people will no longer pay tax on savings interest and banks and…Read More
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