Updates from the Clayton & Brewill team.

FRS 102: revaluation of property assets

26th January, 2016

Transition to the new FRS 102 accounting standard will allow business owners to inject a one-off boost to the balance sheet, with a revaluation of land and buildings. It also relaxes the requirements for ongoing property revaluations as Jack Moore, chartered accountant at Clayton & Brewill in Nottingham explains. If you have a property asset sat… View Article

Pension auto-enrolment: regulator has its sights on SMEs

15th January, 2016

Clayton & Brewill is warning smaller employers that the Pension Regulator is preparing to take action against those that fail to meet the new workplace pension rules. Around half a million UK employers with fewer than 30 employees will be required to enrol eligible staff into a pension – and start paying into it – during 2016. All… View Article

Dividend tax: pay dividends early if you can

7th January, 2016

The highly unpopular dividend tax will arrive in April 2016, meaning that the majority of business owners will pay more tax. Doug Perry, chartered accountant at Clayton & Brewill, suggests paying dividends early where possible. When the Chancellor announced the new dividend tax, we ran some immediate calculations to compare the tax implications for directors’ remuneration. Would a pay… View Article

Self-assessment 2016: apply now for your UTR

7th January, 2016

If this is your first time completing a self-assessment tax return, now is the time to make sure you have all your necessary login credentials. Clayton & Brewill’s Catherine Sharp explains how to register – and what to do if you’ve lost your details. Sunday 31 January is the deadline for filing your online self-assessment and… View Article

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