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Accountancy News July 2021

Hayvenhursts Accountants have compiled the most relevant news stories relating to accounting and business that were published in July 2021 including how people working from home during the pandemic can claim tax relief from HMRC Reopening Plans –  The Government are urged to provide more clarity  The government confirmed the COVID-19 lockdown restrictions will end…Read More

Hayvenhursts Accountancy News June 2021

Hayvenhursts Accountants have compiled the most relevant news stories relating to accounting and business that were published in June 2021 including cash available for businesses to fund apprenticeships and the Government tracking down fraudulent furlough claims. HMRC to Recover £1 Billion in Fraudulent Furlough Claims HMRC has outlined its intention to investigate and recover over…Read More

Tax Rules for Company Cars

Tax Rules for Company Cars Discussed by Hayvenhursts Accountancy Services New tax rates for electric and hybrid company cars were introduced by the UK government as of 6th April 2020. With the rates changing in 2021, 2022 and again in 2023, the new rules could save your business and employees a huge amount of money…Read More

Company Audits

Company Audits Discussed by Hayvenhursts Accountancy Services Business Secretary, Kwasi Kwarteng announced a major overhaul of the UK’s audit sector on 18th March 2021. Hayvenhursts Accountancy Services is an Accountancy Business based in Cardiff that works across the UK and who as part of the Audit Reforms will be able to conduct a proportion of…Read More

What Keeps You Awake at Night When it Comes to Your Business?

Running a business isn’t always how people imagine it to be. Making lots of money, having the freedom to be your own boss and make your own decisions, going on holiday when you want to and so much more. There are a lot of stresses and strains that come with having your own business, whether…Read More

UK Economy Set for a Bounce Back

UK Economy Set for a Come Back in Spring 2021 Discussed by Hayvenhursts The Coronavirus pandemic has had a huge impact on peoples lives as well as the UK’s Economy.  Our economy shrank by a record of 9.9% in 2020 due to the Covid restrictions which were put in place to save lives. The Office…Read More

Financial New Year’s Resolutions For Your Business

Financial New Year’s Resolutions or Creating a 2021 Business Plan  The start of 2021 hasn’t quite been what we were all expecting so even if you have made some new year’s resolutions for your business you may have had to, or need to change them quickly to adapt. Financial New Year’s Resolutions really are the…Read More

Self Assessment Return FAQ’s

Self Assessment Return FAQ’s Answered by Havenhursts Accountants of Cardiff It’s that time of year when if you are self-employed, own a business or are a limited company you should be planning or submitting your Self Assessment Tax Return. Self Assessment is what HM Revenue and Customs also known as HMRC, collect Income Tax using…Read More

Government Kickstart Scheme

Kickstart Scheme Discussed by Hayvenhursts Chartered Accountants The UK Government’s Kickstart Scheme opened for employer applications on 2nd September 2020. It provides funding to businesses to create new job’s for 16 to 24-year-olds who are currently receiving universal credit. The Kickstart scheme has been introduced as its the 16 – 24 years who are deemed…Read More

Increase in Taxes for Freelancers & Self Employed

The Chancellor Rishi Sunak announced in March 2020 that there may be a tax increase in the future for Self Employed and Freelancers in the UK, so what does this mean to you today and why? After the furlough scheme was announced for employers whose businesses were struggling to protect their employees at the start…Read More

Pensions Tax Relief Administration

Pensions Tax Relief Administration Explained By Hayvenhursts In July 2020 the Treasury called for evidence on the administration of pensions tax relief and this was announced in the 2020 budget. The Treasury has confirmed that the UK government now recognises that the 2 administration methods produce different outcomes in circumstances for different groups of taxpayers…Read More

Deferral & Reduction of VAT

Latest Accountancy News – Deferral & Reduction of VAT & Furlough Scheme Updates discussed by Hayvenhursts Chartered Accountants On the 20th March 2020 following the outbreak of COVID19 across the world the UK Chancellor announced a temporary deferral of VAT payments for 3 months, until 30th June 2020 for all UK businesses to help support…Read More

Job Retention Scheme Phases

Job Retention Scheme Phases Discussed by Hayvenhursts Accountancy Services The job retention scheme was quickly set up by the Government when it became apparent that lockdown measures needed to be put in place in the UK when Coronavirus was declared a Pandemic. The scheme was set up to ensure that businesses in the UK who…Read More

UK Economy Set to Experience ‘Deepest Recession in Living Memory’

UK Economy Set to Experience ‘Deepest Recession in Living Memory’ Discussed by Hayvenhursts Accountancy Service According to a survey carried out by IHS Markit the UK economy is going to experience the ‘deepest recession in living memory’. IHS Markit is a global leader in information, analytics and solutions for the major industries and markets that…Read More

Inheritance Tax Planning & Trusts

Inheritance Tax Planning & Trusts discussed by Hayvenhursts Accountancy Services What is Inheritance Tax? Inheritance Tax is a tax payable on the property, money and possessions which is known as the estate of someone who has passed away. Inheritance Tax is paid at 40% on anything above the threshold, however, there is a reduced rate…Read More

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Commercial Property

As a property owner you already know that Capital Allowances provide significant opportunities for you or your business to take advantage of tax savings.

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Reduce your SRA audit outlay

We appreciate the many challenges you face especially when combining the requirements of the Law Society's accounting regulations together with your hectic...

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How to Choose an accountant

Choosing an accountant is an important decision and you need to find one that matches your needs, you feel comfortable with, can trust and whose fee levels...

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