Beware the Autumn Statement

Posted: Sep 19, 2016

This year's Autumn Statement will be the Treasury's first post-Brexit set piece. It will not be an easy exercise.

 

Before the referendum, the then Chancellor George Osborne warned that a Leave vote would be followed by an emergency Budget with £30bn of tax increases and spending cuts. After he found himself on the losing side, Mr Osborne abandoned not only his Budget plans but also his target to end fresh government borrowing by 2020.

 

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Sale of Business

Posted: Jan 06, 2017

We recently announced that Griffins’ accountancy practice has merged with another leading firm of accountants – Wilkins Kennedy.

 

Griffins Financial Solutions remains a separate and independent operation, and will be unaffected by the merger of the accountancy practice. 

 

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Sale of Business

Posted: Jan 06, 2017

We recently announced that Griffins’ accountancy practice has merged with another leading firm of accountants – Wilkins Kennedy.

Griffins Financial Solutions remains a separate and independent operation, and will be unaffected by the merger of the accountancy practice. 

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A third quarter investment lesson

Posted: Jan 09, 2017

If you had been asked at the start of 2016 what would happen to UK shares in the July-September quarter if the Referendum vote had favoured Brexit, the chances are you wouldn’t have predicted a 6% rise. And that almost certainly wouldn’t have been your response if you had been asked the same question at the start of the third quarter – just a week after the vote. 

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Two wrongs and a right – tax evasion, avoidance and planning

Posted: Jan 09, 2017

As Theresa May announced in her final speech to October’s Conservative Party Conference:

“So it doesn’t matter to me who you are. If you’re a tax-dodger, we’re coming after you. If you’re an accountant, a financial adviser or a middleman who helps people to avoid what they owe to society, we’re coming after you too.

An economy that works for everyone is one where everyone plays by the same rules. So whoever you are you – however rich or powerful – you have a duty to pay your tax. And we’re going to make sure you do.”

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Company cars: two turns of the screw

Posted: Jun 27, 2017

If you have a company car, the new tax year brought two pieces of bad news. Firstly, in most instances there was a 2% increase in the car benefit rate – the percentage applied to the car’s list price to calculate its taxable benefit. Because the 2% was almost universal, the highest proportionate tax increases were for the lowest emission vehicles. Secondly, if your company car is part of a salary sacrifice arrangement, then be warned that when you change cars (or April 2020 if earlier), you will be taxed on the salary foregone unless the taxable value of your car is higher.

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Auto-enrolment: Statutory duties for new employers from 1st October 2017

Posted: Nov 14, 2017

 

We are fast approaching January/February 2018 when the last employers with auto-enrolment staging dates have to comply with the legislation.

However, this is only the start.  If you are a business or an individual who becomes an employer for the first time on or after 1 October 2017, you will have legal duties for your employees immediately.

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