Author: Salhan Accountants
Award-winning accountants prepare for new year expansion into Worcestershire and Herefordshire with special event
One of Birmingham’s leading independent accountancy firms Salhan Accountants is to host an event for businesses across Worcestershire and Herefordshire to promote its expansion into the region. Due to be held at Chateau Impney Hotel on 19 March 2018, the event will offer local companies the chance to meet with the team behind the successful… Read more…
Tax-Free Childcare launches for all parents of under-12s
A scheme, enabling parents of children aged 12 and under to benefit from up to £2,000 towards the cost of childcare, has now been extended to all working parents with children in the age group. The scheme provides a Government top-up worth £2 for every £8 contributed by parents, up to a maximum of £2,000… Read more…
SMEs invest three working weeks a year on tax compliance
A new study, prepared by the Federation of Small Businesses (FSB), has found that the UK’s average small business spends nearly three working weeks every 12 months complying with tax rules. This costs SMEs around £5,000 a year on average, according to the survey of 1,000 small businesses. Of the challenges they face, around half… Read more…
Does Nesquik attract VAT? It depends on the flavour, Revenue says
An apparently counterintuitive judgement was handed down last month by the Upper Tier Tribunal as it ruled VAT should be applied to the strawberry and banana flavours of Nesquik milk powder, but not to the chocolate equivalent. The case arose after Nestlé, the manufacturer of the powders made a repayment claim to HM Revenue &… Read more…
Only a third of EIS taken up by companies outside London
New data from HM Revenue & Customs (HMRC) shows that businesses in London and the South East account for 66 per cent of the Enterprise Investment Schemes (EIS) uptake. Despite accounting for 62 per cent of the UK economy, businesses outside London and the South-East only account for £610 million out of nearly £1.9 billion… Read more…
Cash payments plunge as digital payments become the default for many consumers
New research from finance and banking trade body, UK Finance, has found that debit card transactions will overtake those made with cash this year. Meanwhile, ATM usage peaked several years ago, with more than 2.9 billion transactions taking place in 2012, falling to 2.7 billion in 2016, which amounted to £6 billion less than in… Read more…
Chancellor calls for Inheritance Tax review to make regime “fit for purpose”
The Chancellor, Philip Hammond, has asked the Office of Tax Simplification (OTS) to undertake a review of the Inheritance Tax (IHT) system to ensure that it meets the needs of modern households. In a letter to the OTS, an independent branch of the Treasury, Mr Hammond said that the current system is “particularly complex” and… Read more…
Gong hei fat choy!
The team at Salhan Accountants’ Chinese Bureau would like to wish you a Happy New Year and hope that 2018 brings a year of prosperity and good fortune. On 16 February, Chinese New Year marks the start of the year of the dog – the eleventh sign of the Chinese zodiac. Those born under this… Read more…
Birmingham MP celebrates the launch of new lifeline to small businesses
Preet Gill, MP for Birmingham Edgbaston, has celebrated the successful launch of a new service designed to help small and micro businesses. Salhan Connect has been created by the award-winning firm, Salhan Accountants, with the aim of providing specially tailored advice to the region’s small to medium-sized enterprises (SMEs). With more than 300 businesses already… Read more…
