Latest News
Updates from the Clayton & Brewill team.
HMRC releases list of Making Tax Digital software suppliers
HMRC has recently released details of software suppliers whose software meets the requirements of the forthcoming Making Tax Digital (MTD) initiative. Nottingham chartered accountants Clayton & Brewill, shares more details about MTD and the related requirements. What are the MTD requirements? From 1 April 2019 businesses with an annual taxable turnover of more than £85,000… View Article
Summer Update from Clayton & Brewill
The Clayton & Brewill Summer Update is now available to view online. Our Summer Update contains advice and articles for both business owners and individuals, including: Client profile: Adam Rhodes from Rhodes Wealth Management The launch of our new Client Zone The benefits of cloud-based accounting Details of the Nottingham City Council Selective Licensing scheme… View Article
Client profile: Rhodes Wealth Management Ltd
In our latest client profile piece, we speak to Adam Rhodes, Managing Director of Rhodes Wealth Management, to find out more about the company and their exciting plans for the future. When was Rhodes Wealth Management formed? The company was formed in 2007. Initially it was just me, working on my own, but now we… View Article
Personal Tax Accounts – how they can help to reduce payroll queries
As part of their Making Tax Digital initiative, HMRC made online Personal Tax Accounts available for all PAYE employees in 2015. Sarah Pownall, Payroll Manager at Nottingham chartered accountants Clayton & Brewill, explains how to reduce payroll queries from employees by encouraging them to utilise their Personal Tax Accounts. Online Personal Tax Accounts have been… View Article
Landlords to be impacting by Nottingham City Council Selective Licensing scheme
In August, Nottingham City Council is introducing a new licensing scheme for landlords who have rental properties in the Nottingham City area. Nottingham chartered accountants Clayton and Brewill explains more about the Nottingham City Council Selective Licensing scheme and how it will impact landlords. What is the Nottingham City Council Selective Licensing scheme? Selective Licensing… View Article
The benefits of cloud accounting systems for small businesses
With HMRC’s Making Tax Digital initiative looming on the horizon, many small businesses are anxious about ensuring that they are compliant with the forthcoming requirements. One option to consider is investing in a cloud accounting system that complies with Making Tax Digital requirements. Nottingham chartered accountants Clayton & Brewill explains the benefits of cloud accounting… View Article
Becoming a limited company – is it right for your business?
Becoming a limited company is a major decision for you and your business. Nottingham chartered accountants Clayton & Brewill have put together a helpful guide that explores some of the areas you need to consider when deciding whether to go limited. Choosing the best structure for your business – be it sole trader, partnership or… View Article
Brexit: planning ahead
On 29 March 2017, the government triggered Article 50, starting the formal process for the UK to leave the EU. This will happen on 29 March 2019. Brexit: a little word with big consequences and a lot of uncertainty. Nottingham chartered accountants Clayton & Brewill provides some guidance on how best to be prepared for the… View Article
Changes to termination payments
Since 6 April 2018, employers are required to pay Income Tax and Class 1 National Insurance contributions (NICs) on termination payments, regardless of whether or not they are contractual payments. Sarah Pownall, Payroll Manager at Nottingham chartered accounts Clayton & Brewill explains the changes. What are the changes to termination payments? Since 6 April, all… View Article
Making Tax Digital delayed due to Brexit
Last week, HMRC announced that it was putting a halt on some of its Making Tax Digital plans due to resources being stretched by Brexit. Nottingham based chartered accounts Clayton & Brewill provides an update on Making Tax Digital and explains what areas are being delayed and why. What is Making Tax Digital? Making Tax… View Article