Contrary to popular belief, accounting isn’t just about records and returns, and being an accountant (or at least an RfM accountant) definitely isn’t boring. In fact, we regularly use our expertise to make a real difference to the fortunes of our clients’ businesses.
What does the election result mean for small businesses?
The months of build up, bickering and pointless polling are over, the votes have been counted… and the Conservatives are in. Following an election that surprised many and saw massive shifts in the UK’s political landscape, the Conservatives now have five years to deliver on the promises they made during their campaign.
It’s always nice to share good news and we’re delighted to be able to tell you that on 1st May 2015, we welcomed two new additions to the RfM family with the opening of RfM Morecambe and RfM Lancaster.
Peter Armer and Rachel Brownsmith, partners at our new Lancaster and Morecambe offices, are experienced Chartered Management Accountants who bring specialist skills not previously available from within the RfM group.
Change is as good as a rest, they say, and our change of name and refreshing new brand image has definitely given us a little spring in our step.
We’re proud to support the local community and its sporting teams as the main sponsors of Barrow Rugby Club for a third year and new sponsors of Barrow FC.
Pensioners will, from later this year, be able to purchase up to a maximum of £25 per week extra State Pension.
In Budget 2014 the Government announced that it would consult on options to improve the operation of the CIS and on the introduction of mandatory online CIS filing for contractors.
Should a client face an enquiry from HMRC into their tax return and accounts, a common area that is reviewed is any deduction that may have been claimed in the accounts for repairs and renewals.
Owner managers have increasingly chosen to operate their businesses through the company medium in recent years as some regulation has reduced for the smaller company and because it is more conducive to minimising personal tax and National Insurance liabilities.
2014/15 introduced the Employer Allowance, an up to £2,000 saving on Employer Class 1 National Insurance contributions (ERNIC) for many businesses and for charities.
One of the welcome announcements in the Autumn Statement included the immediate reform of Stamp Duty Land Tax (SDLT) on the purchase of residential property.