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Reporting The Issue Of Shares Or Options To Staff

Gifts and awards of shares in companies, often known as employment related securities (ERS) are commonly used by employers to reward, retain or provide incentives to employees. They can be tax advantaged or non-tax advantaged. You must notify HMRC of all new ERS schemes including one-off awards or gifts of shares by 6 July following […]

Read more June 10th, 2019

Some Cars Only Qualify For 6% Tax Relief Now

The latest Finance Act has reduced the tax writing down allowance for motor cars that emit more than 110 grams of CO2 to just 6% on a reducing balance basis from April 2019. In the case of company cars, the vehicle is included in the “special rate” pool which means that even when the car […]

Read more June 10th, 2019

Doctors Lobbying For Pension Tax Changes

Hospital doctors and GPs are lobbying the government to amend the pension tax rules as the current system of restricting tax relief on pension contributions means many doctors paying almost all of the extra salary back in tax if they take on additional responsibilities or work additional shifts. This is an issue that doesn’t just […]

Read more June 10th, 2019

Request That The Pension Charge Is Paid By Your Fund By 31 July

The Pension Annual Allowance tax charge depends on the individual’s marginal rate of tax. Where their income exceeds £150,000 it would be at 45%. Thus if the pension input for 2018/19 Was £40,000 and the limit is tapered to £10,000, the excess of £30,000 would incur a £13,500 tax bill on top of their normal […]

Read more June 10th, 2019

High Income Child Benefit Charge And State Pension

Last month we looked at tax planning to minimise or eliminate the high income child benefit to keep both husband and wife (or civil partners) looking after a child below the £50,000 threshold. Where the income of one of the individuals exceeds £60,000 such that the whole of the child benefit is taxed they may […]

Read more June 10th, 2019

Making Tax Digital (MTD) Is Here!

Making Tax Digital (MTD) for VAT has been a long time coming. It is now here, as of 1 April 2019, and will be impacting any businesses with a VAT period that starts on or after 1 April 2019 with turnover above the VAT Threshold of £85,000. For most businesses, this will be their first […]

Read more May 31st, 2019

Our New Smartphone App

Shapcotts Accountants are proud to announce the release of our new smartphone app. The app is available on both iTunes and the Google Play store, please find links at the end of the article. The App gives you easy access to the latest news and updates for you and your business, as well as help […]

Read more May 31st, 2019

Delivering Customer Value

Understanding what your customers really value can help you to market your products and services more effectively. Customer value is the perception of what a product or service is worth to the customer. Customers don’t buy features – they buy benefits. Your customers will buy your product or service because of the benefits that they […]

Read more May 30th, 2019

4 Steps To Effective Multitasking

In today’s fast-paced business world, here are some tips to help you to be more effective at multitasking. Over the past 10 years or so businesses have become leaner by reducing employee numbers, focusing on efficiency and increasing the demands on their staff. An increased workload forces us to multitask, which may be effective for […]

Read more May 28th, 2019

Managing Difficult People

Managing difficult people can be time-consuming and emotionally draining. You can’t reason with an unreasonable person. However, there is usually some underlying reason that is motivating them to behave in a difficult manner. Try to identify the person’s trigger. What is stopping them from co-operating with you? It may be helpful to set up a […]

Read more May 23rd, 2019