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The Accountants for Growth

An Office Jingle?

An Office Jingle?
We thought this week that we would share a case study with you all regarding ABBA Limited and the company’s owner and director, Fernando.
 
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Mortgage Applications- How Much do I Earn?

Mortgage Applications- How Much do I Earn?
If you are self-employed when applying for a mortgage, you’re often asked to produce proof of your earnings for the last 3 years. The easiest way of getting that information has always been to request it from H M Revenue & Customs. The document produced by HMRC (an SA302) summarises your Self-Assessment Tax Return. 
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Automatic Enrolment for Micro-Employers

Automatic Enrolment for Micro-Employers
A significant number of micro employers still remain unaware of their Auto Enrolment responsibilities despite everything that The Pensions Regulator (TPR) are doing to make them aware of their obligations in good time. 
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Tax Impact of The Finance Bill 2016

Tax Impact of The Finance Bill 2016
The 2016 Finance Bill brought in sweeping changes to the way in which dividend income will be taxed and also took away various reliefs which tax payers could previously offset against rental income. 
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Replacing the Annual Return

Replacing the Annual Return

With effect from 30 June 2016 the confirmation statement has replaced the annual return.
 

The idea behind the confirmation statement is that once a year, you will be required to review the information that is held about your company at Companies House and confirm that it remains accurate.

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Grant Funding for SMEs

Much of the grant funding that was sourced through the government was culled overnight at the back end of 2015 with little or no warning. This left SMEs who had started making funding applications in a difficult position and many had to curtail their expansion plans.
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Cloud Accounting - Part 2

Cloud Accounting - Part 2
Following the previous blog on cloud accounting, this blog shares three options we provide that fits the needs of every type of business. To help you identify the best option for your business here is a quick overview.
 
Total Accounting Solution
 
This is the best option for ambitious business owners who want comprehensive support and advice to help them build a truly successful business, maximise their income and wealth, and minimise their tax bills. We drill down to the fine detail of what figures really drive and impact your business including;
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Cloud Accounting

Cloud Accounting
Let’s face it, most people see accounts as a necessary evil and they play little part in helping business owners make better decisions. However they are a necessity in order to comply with the law and tax authorities, so if we have to do them we may as well do them properly and in a way that adds benefit to the business.

We can make accounts a very important management tool that reports in real time the financial performance of your business. We do this via our cloud accounting solution where you can choose from a number of software solutions and support packages that best suit your business.
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2016/7 Tax Year – Part 2:Dividend Tax Changes

2016/7 Tax Year – Part 2:Dividend Tax Changes
When reviewing the recent Budget, one of the most fundamental changes that came into effect from 6 April 2016 were the changes to how dividends are taxed.

If we first look prior to the 2016/7 tax year, one of the greatest attractions in receiving dividends for company shareholders was the 10% tax credit, therefore resulting in no personal tax to be paid for Basic Rate Band individuals.

From April 2016 the government has abolished this dividend tax credit and in its place introduced a new dividend tax allowance of £5,000 a year.

But how does this impact your tax liabilities?
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2016/7 Tax Year - Part 1:Employment Allowance

2016/7 Tax Year - Part 1:Employment Allowance
The new tax year has arrived, and following the announcements made in the recent Budget, this tax year will no doubt prove to be a challenge for many businesses and individuals as we absorb the changes in taxation.

Now more than ever it is imperative that people plan for future tax liabilities so not to catch a cold with tax increases to dividends and rental income (amongst others).
To help digest the changes that have begun to take effect within the UK economy we will be breaking down the 2016/7 tax year into bite size blogs to help with the process of planning your future tax liabilities, starting with Employment Allowance.
  
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Budget Press Release

Storm clouds revealed by the Budget will force taxpayers in Birmingham to work an extra 2 years without pay to balance the country’s books
 
Birmingham accountants James, Stanley & Co. Limited have today launched two free initiatives to prevent local taxpayers and businesses being drowned by the storm clouds identified in the small print of George Osborne’s Budget. Launching the initiatives James, Stanley & Co. Limited partner Andrew James said:
 
“Inevitably the likes of the sugar levy, school reforms, lifetime ISAs, business rates exemptions and flood defence spending promises will grab most of the headlines. But the real story today is not about the detailed announcements, which ranged from innovative and genuinely useful to window dressing and spin. It is not even about the prediction that there are storm clouds on the horizon.
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Welcome to our new website!

Welcome to our new website!
 
On behalf of the team at James, Stanley & Co, we welcome you to our newly updated website. Please have a look around and let us know what you think.
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Grant funding....it's free and it's yours, you just don't know it!

Grant funding....it's free and it's yours, you just don't know it!

Did you know there are over 8,000 grant funds available to UK businesses today?
 

The fact is that many grant funds are wasted for two reasons; business owners are not aware they exist, or that their application just doesn't seem to tick all the right boxes. The most frustrating part however is that this is an offering of FREE non-repayable cash. It's like winning the lottery but not taking the winnings!

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Have you transferred your Marriage Allowance?

Have you transferred your Marriage Allowance?

What is it?


The Marriage Allowance is a new way for couples to transfer a proportion of their personal allowance (the amount you can earn tax-free each tax year) between each other. It will reduce your husband, wife or civil partner’s tax by up to £212.

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ST BASILS WALK 2015 – WE DID IT!

ST BASILS WALK 2015 – WE DID IT!

The James Stanley Globetrotters conquered the 13 mile Staffordshire Roaches Challenge in just 6 hours and 20 minutes!

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Credit note? Refund? What’s the difference?

Credit note? Refund? What’s the difference?

After recently reviewing client bookkeeping queries, a common problem raised was being able to successfully account for the difference between entering a credit note compared with a refund. Many clients find it difficult to clarify between the two, and whilst these two concepts hold much synergy, they encompass two very different accounting treatments. To that end please find below a brief explanation and example to help clarify these entries and get your books and records looking clean and tidy!

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The fastest way to improve your profits

The fastest way to improve your profits

For any business, when thinking about increasing that bottom line it is normal to immediately think about painful cost savings or improved efficiencies. The fact of the matter is, whilst these procedures are important there is a far easier way to maximise profits which is too often missed….and that is…….increase your prices!

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Understanding your data

Understanding your data

I love data (or dada in my Canadian dialect) but I’ll be the first to admit the stuff is pretty useless until you actually start to organise it. One of the most important types of data a business has is information about their clients. Most of the time, this information is broken up into different spreadsheets, offering different perspectives of the client and the service, but rarely providing a complete overview of the service delivered.

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How do we get into debt?

How do we get into debt?

This week we held a Business Builder Forum on the subject of debt which many of us face in our business and personal lives. The Forum was enjoyed by all the delegates who gave us great feedback and I now share some of the most significant points in the blog.

 

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Under Insurance

Under Insurance

Under Insurance – If you don’t know what it is, your business is massively exposed...

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