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22/06/2017 – For an Accountant, greeting a client on their arrival for a meeting usually entails a balancing act between a hand shake with the one hand and a set of files in the other. At Ashdown Hurrey you may now see a laptop replace those files. It is twelve months since we introduced an electronic document management system enabling us to save … More...

Merger with Silk & Co

21/04/2017 – After twenty-seven years of trading, accountancy firm Silk & Co has recently merged with Ashdown Hurrey. Peter Silk has been trading from offices in Havelock Road, Hastings since he set up his own practice in the 1980s. On 1 April 2017, he and Sue Lee joined our Hastings team. Peter says “Ashdown Hurrey is a well-regarded local … More...

Are we seeing the end of tax-free benefits?

22/06/2017 – There have been changes to the tax rules for certain Benefits in Kind which are provided as part of salary sacrifice schemes. These changes, which started coming into effect in April of this year, are beginning to have an impact on certain tax-free benefits provided to employees. The new rules effectively remove any Income Tax and … More...

Gifts to a charity or your spouse

22/06/2017 – There is usually no Capital Gains Tax (CGT) to be paid on the gift of assets between married couples and civil partners. However, there is still a disposal that has taken place for CGT purposes, effectively, at no gain or loss on the date of the transfer. When the asset ultimately comes to be sold, the gain or loss will be calculated … More...

How will your business be affected by Making Tax Digital?

22/06/2017 – The introduction of Making Tax Digital (MTD) will fundamentally change the way companies, the self-employed and landlords interact with HMRC. The new regime will require businesses and individuals to register, file, pay and update their information using a new online tax account. The new regime is due to start next April when the … More...

Using your own car for business purposes

22/06/2017 – Employees who use their own car at work for business purposes can, under certain circumstances, be paid a tax-free allowance by their employers. This includes the use of their own van, motorcycle or bike. It is important to note that this tax-free allowance does not include journeys to and from work but for other business related mileage. … More...

Should you be using the VAT Cash Accounting Scheme?

22/06/2017 – The VAT Cash Accounting Scheme (CAS) can offer important benefits to certain small businesses. Under the standard VAT accounting scheme, VAT is payable on sales whether or not the customer has paid and can lead to claims for Bad Debt Relief. With the CAS no VAT needs to be paid over to HMRC until the customer has paid for his goods / … More...

Are you claiming the NIC employment allowance?

22/06/2017 – For some time now, employers have been able to reduce their Class 1 NI contributions that relate to their employment of staff. The relevant relief, the employment allowance, is worth up to £3,000 per year and is available to most businesses and charities to be offset against their employer's Class 1 NIC bill. Claiming the allowance is … More...

DVLA car scam

22/06/2017 – The Driver & Vehicle Licensing Agency (DVLA) is warning the public of what appears to be a number of widespread scams targeting members of the public using emails, texts and telephone calls. These communications are supposedly sent from the DVLA and in some cases, include links to a lookalike DVLA online website. The BBC’s Watchdog … More...

Using the trivial benefits exemption

15/06/2017 – The trivial benefits in kind (BiK) regime came into effect in April 2016. This statutory exemption applies to small non-cash benefits like a bottle of wine or a bouquet of flowers given occasionally to employees or any other benefit in kind classed as 'trivial' that falls within the exemption. Although the benefit is defined as … More...

Contact us

Email: advice@ashdownhurrey.co.uk

Hastings Office
Tel: 01424 720222
Fax: 01424 720888

Bexhill-on-Sea Office
Tel: 01424 730300
Fax: 01424 730086

We offer free initial consultations - to arrange a meeting or to have a chat over the telephone, please contact us.

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