Donald Reid Group

Making Tax Digital

Making Tax Digital is a key part of the government’s plans to modernise the tax system - and signals the end of the annual return for millions of people. Every individual and business will now have access to their own personalised digital tax account and these are being regularly expanded and improved. 
 

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You've got to be in it to win it

Maidenhead-based firm, DRG Chartered Accountants was recently featured in the Maidenhead Advertiser, as one of the sponsors of the Maidenhead and Windsor Business Awards. 

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Payroll update

Read our latest payroll update, which provides a round-up of recent changes in payroll legislation.  

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Spring Budget - Personal Tax

Anita Gossain, tax specialist at DRG Chartered Accountants, outlines the impact of the Spring Budget on personal tax issues and unincorporated businesses.  

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Tips for choosing Accountancy Software

Choosing new accounting software can seem like a daunting prospect. With so many different packages now on the market, finding out which product is right for your business can be difficult and time-consuming.  

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Autumn Statement 2016 Summary

The new Chancellor of the Exchequer, Philip Hammond, acknowledged ‘sharp challenges ahead’ for the economy as he presented his first major fiscal statement, exactly five months after the UK’s historic vote to leave the European Union.  

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Accountancy services for eCommerce businesses

DRG Chartered Accountants offers a full range of accountancy services to eCommerce firms based in both the UK and abroad.Whether you are a new business start up or a more mature business, we can provide support to help you achieve your long-term goals.
 

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Government consults on tax-efficient benefits

HM Revenue & Customs (HMRC) has launched a consultation on limiting the range of benefits that attract tax relief and national insurance contributions (NICs) when provided as part of a salary sacrifice arrangement or flexible benefits scheme.
 

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Non-resident landlords

Keng Cheong, tax specialist at DRG Chartered Accountants outlines some of the key issues non-resident landlords ought to consider when investing in the UK.  

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Apprentice Levy amendment will benefit SMEs

An amendment has been made to the way in which the Apprentice Levy is to be managed. The amended rules will now allow a group of connected employers the flexibility to decide the proportion of the £15,000 allowance to which each employing company will be entitled.  

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Get the digital skills to grow your business

The Digital Garage is a multimillion pound initiative from Google to help over 250,000 British businesses learn crucial skills for the digital age and use the power of the Internet to reach more customers and grow faster.  

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Register of People with Significant Control (PSC)

This new legislation aims to increase the transparency of the ownership and control of UK companies, with the goal of deterring the misuse of companies for illicit activities such as money laundering, corruption and tax evasion. The UK plans to be at the forefront in company transparency and is keen for other countries to follow suit.  

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Budget Highlights - March 2016

Chancellor George Osborne delivered his eighth Budget to the House of Commons, on Wednesday 16th March 2016, describing it as a "Budget for the long term" but signalling that ‘the storm clouds are gathering again’.
 

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Funding for growth

Oliver Burton, Partner at DRG Chartered Accountants, considers some of the funding options open to growing businesses, whether you are just starting out or still at a relatively early stage.  

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Autumn Statement 2015

The Chancellor George Osborne presented his combined Autumn Statement and Spending Review on Wednesday 25th November to the House of Commons. The latest economic forecasts suggest that the Government's spending plans are on target to deliver a £10.1bn budget surplus by 2019/20.  

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Year-end tax planning 2016

Whilst tax planning should be a year-round activity, reviewing your strategy prior to the year-end is important to make the most of any tax saving opportunities. 

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Buy-to-let, the tax opportunities and pitfalls

In the 2015 Summer Budget, the Chancellor announced changes to the amount of mortgage interest that can be offset for higher rate taxpayers only. At present, higher and additional rate tax payers can claim 40% or 45% tax relief on mortgage interest on buy-to-let properties. The intention is that from 2020 these taxpayers will have their tax relief capped at 20%. 

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Pension auto-enrolment is here. Is your business prepared?

What is pension auto-enrolment?
Since October 2012, under rules that have been gradually introduced in stages, employers are required to automatically enrol all eligible members of staff into a workplace pension scheme and pay a minimum contribution into the fund. The move has been described as the most radical change to workplace entitlements since the introduction of the National Minimum Wage. 

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"Leading, engaging and motivating your people" seminar

The link between engaged employees and satisfied customers is well documented. Yet many, time-strapped SMEs do not invest enough time in developing their people - despite the dramatic impact that the quality of your managers'  leadership skills can on your bottom line. 

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DRG sponsoring pension auto enrolment event

The law on workplace pensions has changed. All employers are legally required to automatically enrol certain staff into a pension scheme and make contributions, even if you employ just one person. You will also have to tell your staff about the scheme you put them in and allow other staff to join if they request to do so. 

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Some useful tips for when HMRC visits your business

Many businesses dread a visit from HMRC; there is always the worry that something may arise, which results in paying more tax. There is also an understandable sense of dread at the potential disruption it could cause in the run up to, during and even following the visit. However, there are a number of things you can do to make the experience far less stressful. 

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Payroll update


Megan Sadie, from Maidenhead based DRG Outsourced Finance, provides a useful update on payroll issues.
 

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Farewell to FRSSE

The Financial Reporting Standard for Smaller Entities (FRSSE) will be withdrawn with effect from accounting periods beginning on or after 1 January 2016. After this date, companies previously preparing their accounts in accordance with the FRSSE will have the following options:  

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Pension auto-enrolment seminar

Following the positive feedback from our last seminar on pension auto-enrolment, we will be running another seminar on Friday, 5th June and are pleased to welcome back Richard Mullett from The Legal Partners.

This practical hands-on seminar will look at how to plan for implementing pension auto-enrolment in your organisation. 
 

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Budget 2015. Read the highlights

On Wednesday 18th March, the Chancellor George Osborne unveiled his final summary before the May election. Proclaiming that "Britain is walking tall again", the Chancellor announced that the national debt target has been met and predicted the "end of austerity" a year early. 

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Year-end tax planning

The tax year-end is rapidly approaching.  If you haven't already, now is a good time to speak to us so we can develop a tailored tax planning strategy for you and your business.

Typically, our recommendations for a personalised tax planning strategy might:- 

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Shared parental leave

Tabitha Reid, who heads up DRG Outsourced Finance, provides a useful update on the latest maternity and shared parental leave legislation.  

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