Dr Anjulika Salhan, a Director at Birmingham-based award-winning accountancy practice, Salhan Accountants, has been shortlisted for the inaugural English Women’s Awards. Announced as a finalist under the Services to Accounting and Finance category at the 2018 awards, Anjulika has been recognised by the judges for her influence in the sector and her success as a… Read more…
One of the Midlands’ leading accountancy firms, Salhan Accountants, is calling on those with shares to review their dividend income in light of recent tax changes. On 6 April 2018, the Dividend Tax Allowance – a tax-free amount of income from dividends – was reduced from £5,000 to just £2,000. Under the new rules, owners… Read more…
Millions of people from across the UK could be paying more tax than they need to, it has emerged, after figures from HM Revenue & Customs (HMRC) showed that more than 15 million individuals have not checked their Personal Tax Accounts. The figure means that less than half of taxpayers have accessed their accounts, risking… Read more…
Small businesses in the UK have long been scourged by late payments, but the problem was brought into sharp focus earlier this year following the collapse of construction giant, Carillion, emphasising the importance of careful credit control. According to the Federation of Small Businesses (FSB), some suppliers were waiting as long as 120 days to… Read more…
Since March this year, self-employed individuals have had the option of reporting their income digitally to HM Revenue & Customs (HMRC) as part of a pilot of the Government’s Making Tax Digital (MTD) programme. The Government has long had the ambition of taking most taxes including Income Tax, VAT and Corporation Tax onto a system… Read more…
HM Revenue & Customs (HMRC) has been granted new powers to help combat online VAT fraud conducted on digital marketplaces. Originally outlined by the Chancellor in the 2017 Autumn Budget, the new powers – known by the term ‘joint-and-several liability’ (JSL) for online marketplaces – strengthen existing arrangements to make online marketplaces accountable for VAT… Read more…
With less than 60 days left until the deadline for compliance with the General Data Protection Regulation (GDPR), more than 90 per cent of UK small businesses admit they are not yet fully ready. In fact, a poll conducted by the Federation of Small Business (FSB) found that only eight per cent of SMEs have… Read more…
Working parents across the UK will be delighted to hear that the Government has agreed to a six-month extension of the childcare voucher scheme. It has been estimated that around 80 per cent of working parents may be better off using Childcare Vouchers rather than the new tax-free childcare scheme. The voucher scheme allows employees… Read more…
Award-winning Midlands’s accountancy firm, Salhan Accountants, is warning businesses to monitor the upcoming review of VAT in case new rules inadvertently drag them into the new digital tax regime. Following the Spring Statement earlier this month the Government released a new consultation, which seeks to review the current VAT registration threshold. The threshold marks the… Read more…
One of Birmingham’s leading firms of accountants, Salhan Accountants, has said the Chancellor’s first Spring Statement hinted at larger moves in this year’s Autumn Budget, which needs to consider the needs of smaller businesses. Even before the Chancellor rose, HM Treasury had played down the impact of the first Spring Statement. It had been touted… Read more…
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