John Davies & Co – Chartered Accountants – Wrexham – Xero Platinum Partner – Preparing businesses for 2018

Preparing businesses for 2018

With 2017 drawing to a close, we are looking ahead to 2018 and what the forthcoming year could bring for businesses in different industries, throughout the UK. Take a look through our roundup of incoming changes that businesses may need to prepare for in 2018. National living wage The recent autumn budget announcement revealed that […]

John Davies & Co - Chartered Accountants - Wrexham - GDPR affecting business

How will GDPR affect businesses?

      From the 25th May next year businesses will need to adapt the procedures which many of them use to process data to reflect the new General Data Protection Regulations (GDPR). These new regulations are being introduced in order to address the ‘inconsistent data protection laws’ that are currently implemented across EU states. […]

John Davies & Co - Chartered Accountants - Wrexham - Expenses P11D Exemptions

Expenses P11D exemption PAYE settlements

Expenses Exemption In the past, many businesses have applied to HMRC for dispensations. Dispensations have allowed expenses and benefits to be provided to employees without being included on a P11D or subject to PAYE and NIC. A dispensation was only given where HMRC were satisfied that the employee would have been entitled to full tax […]

Annual investment allowance - Change Ahead - John Davies & Co - Chartered Accountants - Wrexham

Annual Investment Allowance

The Annual Investment Allowance (“AIA”) was introduced in 2008 to give businesses 100% relief for certain types of capital expenditure in the year of acquisition. In subsequent years the level of the Allowance has fluctuated from £25,000 to £500,000, which has made it difficult for businesses to know how much tax relief they will obtain when […]

mikeWebber - John Davies & Co - Chartered Accountants - Wrexham

Dividend Tax Regime from 6 April 2016

          All shareholders who receive dividends from 6 April 2016 will be affected by new rules introduced in the Summer 2015 Budget. Under the new regime, many shareholders receiving more than £5,000 of dividends will be considerably worse off. However, sensible planning can be undertaken to ease the pain!This months newsletter […]