Breaking news from the BBC Paper tax returns to be replaced by digital by 2020

Read more...

Chancellor George Osborne delivers his last budget before the General Election

Read more...

Tax planning for 5 April 2015

Read more...

When is a person Employed or self-employed?

Read more...

HMRC new taskforces

Read more...

Changes to Self Assessment Registration process.

Read more...

Contact Us

 

News Items

Tax Tips

Great with People
Brilliant with Numbers
Clear and Precise with Words
 


Call us now on 023 8083 6900 ABDS Home

News - 6 December 2013

ABDS newsletter December 2013

A Merry Christmas and a PROSPEROUS New Year to you all  

Welcome to the December 2013 ABDS newsletter designed to keep you informed of the latest Accounts, Tax and Business issues.

And don’t forget THE FINAL DATE FOR SUBMISION OF TAX RETURNS IS 31 JANUARY 2014

BUT HMRC REQUIRE TAX PAYMENTS TO BE CLEARED FUND IN THEIR ACCOUNT BY 31 JANUARY 2014

ABDS RECOMMENDS YOU SEND PAYMENT TO ARRIVE WITH HMRC BY 24TH JANUARY 2014.

If you require assistance with preparation of your tax return please do not hesitate to contact the TAX Team at ABDS.


In this edition of the ABDs NewsLetter we will be looking at:

1. The Autumn Statement
2. Government offer support for small firms to grow.
3. Tax Breaks for Living Wage Businesses
4. Local Government Association challenge spending formula
5. The Percentage Threshold Scheme for SSP
6. The Association of Convenience Stores calls for the regulation.


As part of our regular features we introduce you to one of our team members, this month it is our Accounts Manager TONMOY KUMAR - TK.

This month’s fact sheet is:

Charities: The Fit and Proper Persons Test


To request a copy Contact us now

To download our brochure click here

And we will conclude, as usual, with Joke, but this month we break with tradition and offer seasonal jokes supplied by the children of the ABDS staff.

The Autumn Statement

Chancellor of the Exchequer George Osborne has delivered his Autumn Statement, describing it as a plan to deliver a "responsible recovery".
He outlined a brighter economic climate than a year ago, but said "difficult decisions" still needed to be made.
Yet, he took the opportunity to announce eye-catching plans about the state pension and taxes on small businesses. ………To Continue


Government offer support for small firms to grow.

Business Secretary Vince Cable has launched a campaign to help small firms and unveils the first funding allocation from the British Business Bank's investment programme.
The new support includes a £1 million Sector Mentoring Challenge Fund delivering tailored mentoring programmes, which will be open for applications. ………To Continue

Tax Breaks for Living Wage Businesses

If Labour wins the next election, leader Ed Miliband has promised to offer tax incentives for firms that offer their staff the living wage.
Tonmoy Kumar, Manager of the Accounts Department of ABDS comments. ………To Continue

Local Government Association challenge spending formula

The Local Government Association (LGA), who represent councils in England and Wales,  have said that communities are being "short-changed" by £4.1bn a year under the model used to allocate central government funding across the UK.
They say the money should be "repatriated", and then be used to address the "crisis engulfing adult social care." . ………To Continue


The Percentage Threshold Scheme for SSP

On 17 January 2013, a report jointly sponsored by the Department of Work and Pensions (DWP) and the Department for Business Innovation and Skills (BIS) entitled ‘Health at Work – Independent Review of Sickness’ was published.
Its remit was to look at ways of reducing the administration and operational burden. ………To Continue

The Association of Convenience Stores calls for the regulation.

An HMRC consultation on alcohol fraud has led to the Association of Convenience Stores (ACS) calling for the proper enforcement of regulations against wholesalers, together with the minimisation of red tape for retailers.
The ACS has called on HMRC to ensure that retailers who very occasionally sell in large amounts do not end up being registered as wholesalers. ………To Continue

Articles from the previous ABDS Newsletter (click to open).


ABDS Quiz
 

And because this is our festive edition, we give you two quotes to ponder upon
Who said?
“There is no such thing as a good tax.”
 

And
 

“My idea of Christmas, whether old-fashioned or modern, is very simple: loving others. Come to think of it, why do we have to wait for Christmas to do that?”

For the answer go to the end of the NewsLetter


The spotlight this month falls on our Accounts Manager

TONMOY KUMAR  B Com. ACA (India) FCCA.

Tonmoy Kumar, or as we all know him as TK, originally qualified as a Member of the Institute of Chartered Accountants at a top Indian firm in 1998, and afterwards gained further extensive commercial and financial experience and his UK ACCA qualification in London.

TK joined ABDS as the Manager of the Accounts Department in 2006, where he brings his specialist knowledge and advice to clients on VAT on exports and sales to the EU, tax compliance and UK tax planning.

As well as keeping abreast of the Hampshire business community while living in Southampton with his wife and young son, his major passion outside home and work is football, in particular, Manchester United, but I’m sure we can forgive him that.

If you are looking for your accounts to be prepared accurately and on time, if you are looking for proactive business advice on how to grow your business, if you are looking for an accountant who prides himself on gaining a clear understanding of your business requirements and deadlines, then call TK now.


Great with People    Brilliant with Numbers   Clear and Precise with Words


And to prove Accountants do have a sense of humour we will conclude, as usual, with Joke, but this month we break with tradition and offer seasonal jokes supplied by the children of the ABDS staff.

We can thank TK’s son Tanush for this one:

“What is Santa’s favourite pizza?           

One that’s deep pan, crisp and even.”


Helen’s daughter Esme told this one:

What's red & white and red & white and red & white?
Santa rolling down a hill!

Brian’s two daughters offered these contributions

Tenielle:
Who is Santa afraid of?

The Elf and safety officer

Natea:
What did Father Christmas say to his wife when he looked out of the window?    

Looks like reindeer


And, David could not help himself; he offers this as his own contribution

 “What do you call a woman who stands between two goal posts? “
         
Annette.

Sorry, Dave, I think you missed the point with that one.


Answer to the ABDS quiz:                   

Who said?

“There is no such thing as a good tax.”   Winston Churchill

And

“My idea of Christmas, whether old-fashioned or modern, is very simple: loving others. Come to think of it, why do we have to wait for Christmas to do that?”  Bob Hope

Extra portion of Christmas pud for whoever got them both

We hope you have enjoyed reading our newsletter. We are here to help you so please contact us if you need further information on any financial topics such as: Audit, Accounts, Bookkeeping, Vat, Payroll, Tax planning returns and compliance and Business Strategy, including planning, coaching and mentoring. We are acquiring new clients who are interested in strategy for growth and selling their business at retirement so please do not hesitate to call us and discuss how we can assist you.

Kind regards and a Merry Christmas and a
PROSPEROUS New Year to you all

Lavinia and the team

Tel: 023 8083 6900
email: abds@netaccountants.net

Great with People    Brilliant with Numbers   Clear and Precise with Words

Accountants for Business Development and Solution can cater for all your financial and business needs.
 

« Back to News