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May 16, 2018
The regulations come into force on 1 April 2019 for all VAT registered businesses with turnover above the VAT threshold. The earliest MTD requirements for all other taxes (income and corporation) will be from the 1 April 2020. Software pilots are in progress and we will keep you updated if this date moves and what…Read More
March 13, 2018
Following on from winning the Best Customer Service Award at the SME Bedfordshire Business Awards 2017, this year we are delighted and proud to be the Gold Sponsors of the Best Customer Service Category for 2018. If you are interested in entering any of the SME Awards, please visit www.bedfordshireawards.co.uk for more information. You can enter…Read More
February 2, 2018
Recent government statistics indicate that out of four million eligible couples, around half are still not benefiting from the income tax Marriage Allowance (MA). The allowance was first introduced in April 2015, which means that a backdated claim made in 2017/18 could be worth up to £662. It’s worth checking to make sure claims are…Read More
January 4, 2018
I am an IT consultant and I provide my services via my limited company, which operates outside the IR35 rules. I started working on my current contract just over two years ago – although when I started, I did not know that it would last this long. Do the temporary work place rules on allowable…Read More
December 21, 2017
With it being our 25th year in business we decided to have 25 prizes to celebrate our 25 years! Here are just a few of our Christmas lucky prize winners!
This Christmas Cowley Holmes have donated to St John’s Hospice & Soupervan.UK Merry Christmas & a Prosperous 2018 to all!
December 18, 2017
If you buy a second-hand commercial vehicle from a dealer, they will normally try to sell it to you under the second-hand margin scheme. This means that they only account for VAT on the profit margin. You will not be provided with a VAT invoice and you will be unable to recover this VAT as it…Read More
December 14, 2017
HMRC now uses a sophisticated system to gather information and target enquiries. This uses a range of third party data sources, including banks, insurers, Land Registry etc. as well as the Internet and social media, to select businesses for an inspection. Inspections could also be prompted by an anomaly in accounting or VAT return figures…Read More
November 23, 2017
If you blow your cash over Christmas and are planning to pay your self-assessment tax bill (due no later than 31 January 2018) with your credit card you’ll be out of luck. HMRC won’t accept credit card payments after 12 January 2018. This goes for all tax payments, not just those for self-assessment. So if…Read More
September 28, 2017
We are delighted to be celebrating 25 years of Accounting and Tax Advice in Bedford, first opening the doors to Cowley Holmes Accountants in 1992. We would like to thank our clients, a number of whom have been with the Practice since it started, and looks forward to the Practice serving them the over the next…Read More
July 13, 2017
We are delighted to announce we are a winner at the SME Bedfordshire Business Awards 2017 for the Best Customer Service Award! Thank you to everyone that voted for us.
July 6, 2017
Until 5 April 2015, every ‘self-employed earner’ was, if he was over the age of 16 and under pensionable age, liable to pay Class 2 contributions at a prescribed weekly rate. From 6 April 2015, this liability has applied only to earners with relevant profits from a trade. Before 6 April 2015, this was enough…Read More
June 27, 2017
Since 1 April 2016 there has been a 3% supplementary Stamp Duty Land Tax (SDLT) charge payable on the purchase of second and subsequent residential properties costing more than £40,000. This was clearly aimed at buy-to-let investors as well as those buying second homes. Note that this additional 3% charge does not apply where the…Read More
June 26, 2017
HM Revenue and Customs have acknowledged that their software and some commercial software used by accountants doesn’t always come up with the right amount of tax payable! You may have seen this reported in some newspapers such as the Daily Telegraph. This arises because the tax system of different income tax personal allowances, dividend allowances,…Read More
May 23, 2017
Cowley Holmes are delighted to announce they have been successful in reaching the finals of the SME Bedfordshire Business Awards 2017 for Best Customer Service. The team will be attending the Gala Awards Final at The Bedford Corn Exchange on 12th July. Thank you to everyone that voted for us.
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