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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
October 26, 2016
Question: I am a director of a limited company, which is registered for VAT. I have recently formed a limited partnership, with my limited company being the only general partner and another business being a limited partner. HMRC have written to me advising that I am unable to register the limited partnership for VAT as my…Read More
October 25, 2016
Question: I have recently started a new job and, for the first time in my career, I have been provided with a company car. I have to pay for fuel for private use but my employer says I can claim mileage for business journeys. Will I have to pay tax on fuel payments? Answer: In addition to…Read More
Cowley’s live it up in Benidorm! September 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…Read More
October 24, 2016
The Colosseum, Rome! September 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
Southernmost point buoy, Key West, Florida! September 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…Read More
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