RENEW YOUR TAX CREDITS TODAY

The tax credits renewal deadline is 31 July 2018 – DON’T MISS IT! If you don’t renew your tax credits before the deadline, your payments will automatically stop and you may have to repay the money you received since 6 …

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Tax Free Childcare

Tax Free Childcare was launched in February 2017 and was phased in based on the child’s age. From February 2018, the scheme has been fully phased in and all eligible families can now benefit from Tax Free Childcare. Tax Free …

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Tax implications of paying sponsorships and donations from your company

Sponsorship can be a great way to advertise your company and in many cases can show your customers that you are involved with a local club or event. In order for sponsorship costs to be allowable in your company accounts …

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UK Withdrawal from EU & transition- draft agreement

The EU Council meeting in March marked a critical moment in the ongoing Brexit negotiations between the UK and the EU when political agreement on what was termed a Transition Deal was reached. The terms of the Transition Deal were …

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What is GDPR?

General Data Protection regulation (GDPR) will come into force on 25 May 2018 and replaces the current Data Protection Act. GDPR is an overhaul of existing EU legislation on data protection. It controls the way data is collected, used and …

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What is an Apprentice?

All workers are entitled to the national minimum wage depending on their age but can differ if they are classed as an ‘apprentice’. Currently the minimum wage for an apprentice is £3.70 per hour and applies to apprentices if they …

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Year End Tax Planning

As we are approaching the end of the financial year, now is a good time to consider tax planning to maximise your tax free allowances, reliefs and exemptions for the current tax year as some of these will be lost …

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New Tax allowance for Trading and property income

From 6 April 2017 two new allowances have become available – the trading allowance and the property allowance. The trading allowance in simple terms, allows an individual to earn up to £1,000 without having to declare this amount or pay …

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Universal Credit

Universal Credit Universal Credit is being introduced in the Fermanagh and Omagh District on the 21 February 2018 and will replace the following five benefits: > Child and Working Tax Credits > Jobseekers Allowance (income-based) > Income Support > Employment …

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Have you filed your Self-Assessment Tax Return and paid your Tax Liability?

Out of the 11.4m self-assessment tax returns which HMRC issued for 2016/17, 745,588 returns are still to be submitted. These outstanding self-assessment tax returns will automatically have a £100 fixed penalty charge for late submission. If you are one of …

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