Accountancy News in Aylesbury

Contact us if you have a query. Tel: 01296 437665

Reminder to look out for tax credit renewal packs

06-05-21

HMRC has begun sending the annual tax credit renewal packs to some 2.5 million tax credit claimants and is encouraging recipients to renew their tax credits claim online. The packs are being sent out over the next 6 weeks and should be with… Read more..

Mobile phone exempt costs

06-05-21

When an employee incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these expenses. This includes costs for phones provided to employees and reimbursement of employee’s own phone… Read more..

COVID support grants that are taxable

06-05-21

We would like to remind readers that existing legislation is in place to ensure that COVID support grants are treated as taxable income in the same way as other taxable receipts. The grants are treated as income where the business is within the scope… Read more..

CIS – types of work and businesses affected

06-05-21

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. The CIS covers all construction work carried out in the UK, including jobs such as: site… Read more..

Impact of residence and domicile

06-05-21

HMRC’s online guidance note for residence, domicile and the remittance basis: RDR1 is intended for UK residents and non-residents and covers the residence, domicile and remittance basis rules from 6 April 2013 and onwards. For most taxpayers, it… Read more..

Cryptoassets for individuals - taxes that apply

06-05-21

In most cases, individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for capital appreciation in its value or to make purchases. They will be liable to pay Capital Gains Tax when they dispose of their cryptoassets. This… Read more..

Debt respite scheme launched

05-05-21

A new scheme, aptly named Breathing Space, was launched 4 May 2021. Breathing Space will give those facing financial difficulties space to receive debt advice, or mental health crisis treatment, without pressure from creditors or mounting… Read more..

Tax Diary May/June 2021

29-04-21

1 May 2021 - Due date for Corporation Tax due for the year ended 30 July 2020. 19 May 2021 - PAYE and NIC deductions due for month ended 5 May 2021. (If you pay your tax electronically the due date is 22 May 2021). 19 May 2021 - Filing deadline for… Read more..

End to COVID-19 adjusted right to work checks

29-04-21

The government has confirmed, in its updated guidance on carrying out right to work checks during the coronavirus pandemic, that the temporary COVID-19 adjusted right to work check process will come to an end on 16 May 2021. This temporary process,… Read more..

New self-build initiative

29-04-21

In a surprise weekend announcement, the Housing Secretary Robert Jenrick has revealed new plans for £150 million of funding to make it easier and more affordable for people to build their own homes. The new “Help to Build” low deposit… Read more..

Tax on savings interest

29-04-21

If you have taxable income of less than £17,570 in 2021-22 you will have no tax to pay on interest received. This figure is calculated by adding the £5,000 starting rate limit for savings (where 0% of the interest is taxable) to the current £12,570… Read more..

Tax-free capital gains

29-04-21

As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The annual exemption for individuals in 2021-22 is £12,300. Whilst most taxpayers are aware of their annual… Read more..

What our clients say about us:

Professional, efficient, friendly, they always have time to answer a query.

Shirley Denny, DirectorGatelodge Consulting Limited

"We have worked with APS Accountancy since our company was formed and we could not be happier with the service we receive. We have and will continue to recommend their services to others."

Mark Van Walwyk, DirectorVW Research Services Ltd

"From day one, APS Accountancy have provided excellent accounting services but also provided ongoing advice as my business has grown. The responsive team takes time to understand my business and the specific challenges I face within the market research sector."

Andrew Smith, Director & Lead Research ConsultantInsight Advantage Limited

We have been using APS Accountancy for a number of years now and as a small company we feel they've tailored their services well to suit us individually. We have always found the staff there to be courteous and helpful and always responded quickly to any queries or questions we have had. I recommend them regularly to friends and other businesses which I feel speak volumes in itself.

Julie Smith, DirectorDEEFA Limited

"I was introduced to APS Accountancy about 3 years ago by my daughter, who was already a very satisfied client for her business. Since retaining them for our business accounts I have found them to be great to deal with. They are always happy to offer advice and proactively suggesting the best ways to handle our business’s financials and tax liability. The important thing for The Baby Studio is they are not big and faceless; all of the team are friendly, helpful, accessible and responsive."

Derwent Walsh, DirectorThe Baby Studio Limited

We have worked with APS Accountancy for many years and have found them to be extremely helpful in all aspects of my business financial requirements. They are incredibly well informed and provide us with a great quality service. They are very prompt and organised which keeps us happy, and we would very much recommend their services to our clients

Matt Reid, DirectorLMR PC Solutions Limited

We have just started to work with APS Accountancy and our experience has been excellent. They have helped us to implement a new accounting system for our business including training our team how to use it. They are very flexible and easy to work with and they can be relied upon to deliver what they agree to do. We have been so impressed with their service that we have moved all our accounting to them and would highly recommend them.

Stuart Walsh, DirectorFranchise Finance Limited

We’re very happy with the friendly and efficient service provided by APS Accountancy. They are always prompt to reply to questions and don’t baffle us with technical jargon

Karl Cooper, DirectorHeed Limited

APS Accountancy made the transition from our previous accountant a seamless process. They agreed a competitive fixed fee in advance and now provide us with management accounts which we meet to discuss on a regular basis. APS Accountancy have managed the process from first meeting to where we are now and we wouldn’t hesitate to recommend the team or their services.

Brett Sumner and Phil Dearman, DirectorsDovetail Building Consultants Limited

Contact us if you have a query. Tel: 01296 437665

Reminder to look out for tax credit renewal packs

Mobile phone exempt costs

COVID support grants that are taxable

CIS – types of work and businesses affected

Impact of residence and domicile

Cryptoassets for individuals - taxes that apply

Debt respite scheme launched

Tax Diary May/June 2021

End to COVID-19 adjusted right to work checks

New self-build initiative

Tax on savings interest

Tax-free capital gains

What our clients say about us:

APS Accountancy can effectively manage your business accounts