Archives for All News

July 2019 Newsletter

Summer is finally here and we are pleased to present our July 2019 Newsletter. It contains articles on VAT: Building and Construction, Holiday Pay, Better Business Management: the farm, Your State Pension and Tax Return Special. July 2019 Newsletter
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Advice for investors as Woodford fund remains locked

Well-known stockpicker Neil Woodford’s flagship fund remains locked for investors, it has been confirmed. The extension, announced as the initial 28-day suspension expired, means investors will have to wait at least another month to withdraw their money. Investors in the Equity Income Fund have now not been able to access their money since 3 June, 2019. Withdrawals were frozen after rising numbers of investors asked for their money back. What can investors do? In short, nothing for now. Investors have no choice but to wait for the suspension to be lifted. At that point Mr Woodford is likely to make
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May 2019 Newsletter

As we approach the summer months, we are pleased to present our May 2019 Newsletter.  As well as our front-page announcement, this month’s newsletter contains articles on Claiming Capital Allowance, Probate Issues, Auto-Enrolment Pension Rules and Keeping the VAT Inspector Sweet. May 2019 Newsletter      
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Making Tax Digital MTD for VAT

VAT registered business owners may have received a letter from HMRC titled ‘We are modernising the VAT system- get your business ready now’ which asks you to register for Making Tax Digital. This instruction needs to be taken with some WARNINGS: Once signed up to Making Tax Digital it will not be possible to file any returns through the Government Gateway/via the non-MTD VAT return submission button contained within existing software. The timing of the signup is critical and should not be made too early. If signed up to MTD before the due time then there are 2 options the
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Are you ready for Making Tax Digital?

Almost 1.2 million businesses have just weeks to go before the introduction of Making Tax Digital on 1st April. The new Government rules require all VAT-registered businesses with taxable turnover above the VAT threshold of £85,000 to keep records digitally and have compatible software to submit VAT returns. But the message from Geens is keep calm and carry on as there’s more benefits than challenges from switching to digital accountancy. At Geens, we are fully geared up for Making Tax Digital and have the ability to work with the business software of your choice to support your business. Many people
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