Latest News from Davies Archytas Accountants Redditch

Stay up to date with accountancy news, events and key insights from within the financial & accounting industry from Davies Archytas, Redditch based Accountants.

Please check out our Facebook news feed below for all our latest accountancy news updates.

Great group! Last meeting is on Thursday 10th December before the New Year, why not come along and join us as a visitor, it's free and we are a great bunch. We'd like to meet you and support your business too.

Click here to book:

www.bobclubs.com/Club/Bromsgrove
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Many people these days own more than one property. It’s important to think hard about which you define as your main home for legal and tax purposes.

That’s because if you decide to sell your ‘main residence’ or ‘principal private residence’, as HMRC calls it, you’ll usually be exempt from capital gains tax on the sale through private residence relief. If you sell an additional property, on the other hand, you could face a hefty tax bill.

That’s why some people practice what is known as ‘flipping’ – ascribing main residence status to a property they’re planning to sell in the near future... To see the full article sign up to our newsletter here:

mailchi.mp/1ec39f00691e/davies-archytas-accountants-monthly-newsletter-sign-up
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22 November 2020 – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC ...

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Last March, one of the headline-grabbing measures announced in what will be the only Budget Speech of 2020 surrounded what we knew as entrepreneurs' relief.

However, armed with some damning statistics and opinions, Chancellor Rishi Sunak tinkered with the existing relief and gave it the new name of business asset disposal relief.

To see the full article sign up to our newsletter here:

mailchi.mp/1ec39f00691e/davies-archytas-accountants-monthly-newsletter-sign-up
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Hereford and Worcester Chamber of Commerce is asking companies to take part in a confidential survey in order to get an insight into the last three months of business, which will be published in a report to show how the local economy has fared in the last quarter.

The survey gives businesses the opportunity to share their experiences regarding sales, orders, recruitment, cash flow and business confidence.

By taking part, each company will be entered into a prize draw to win a Christmas hamper worth more than £100.

The findings from this latest survey will help form the Chamber’s Business Manifesto for 2021 – focusing on the top barriers to growth in the region identified by local businesses.

Data collection for the report closes at 5pm on Monday, November 23.

To take part visit: www.surveymonkey.com/r/Q42020Marketing.

*source: www.bromsgrovestandard.co.uk/news/hereford-and-worcester-chambers-state-of-business-survey-will-c...
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The furlough scheme is being extended until 31 March 2021.

Employees placed on leave receive 80% of their pay, up to a maximum of £2,500 a month.

Read more here: ow.ly/2UT050CfgPU
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We continue to support businesses by them outsourcing their business finances to our team of #ACCA certified #Accountants who can help reduce stress & give you time to concentrate on running the rest of your business especially during these difficult times!

#Outsource #BusinessSupport
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In remembrance today... ...

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Our November Newsletter is out now! Never miss important changes to the latest UK financial developments by signing up to our email newsletter.

Read informative articles on personal and business accounts good practice, tips and current Covid-19 support.

Simply click here to sign up: mailchi.mp/1ec39f00691e/davies-archytas-accountants-monthly-newsletter-sign-up
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As lockdown two begins we are still open as normal, with a presence in the office but keeping everyone safe by some of us working from home...

#accounts #accountants #lockdown #covid19
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Just a reminder that 7 November 2020 is the deadline for VAT returns and payments of Accounting Quarter period ending 30 September 2020.

Speak to our friendly and professional team for any support you may require in this area - info@davies-archytas.com
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Here's a fun quarantine Halloween idea to help you have a spooky socially distanced time by leaving a lollipop pumpkin outside your door. 👉 www.youtube.com/watch?v=fuJpUE2mBNU ...

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To make it as straightforward as possible when becoming a limited company, a checklist will help.

It will offer guidance on, choosing a company name, choosing directors and deciding on roles within the company and preparing the necessary documentation. A step by step list can be found on the Government website, click below:

www.gov.uk/set-up-limited-company
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As an accountancy firm, we see the negative impact the pandemic has had on businesses first hand BUT we also see the positives. There are many success stories and we endeavour to continue to support young entrepreneurs in building new businesses going forward.

An example is The Prince's Trust grants and loans. It is widely known for its start-up Enterprise Programme which offers loans, training and mentoring to help 18-30 year-old's start their own businesses. It provides financial help and business support for entrepreneurs in England, Scotland, Wales and Northern Ireland.

Here is just one success story - ow.ly/HLG450BXHxV
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There are fears that #employers cannot afford to raise wages for lower wage earners following the #coronavirus crisis.

The national living wage is currently set at £8.72 an hour for people aged 25 and over until 31 March 2021.

Chancellor Rishi Sunak said in this year’s Spring Budget that “forecasts would see the rate rise to £10.50 an hour by 2024”.

The wage was expected to hit £9.21 an hour from 1 April 2021.

However, the Chancellor contained a caveat in his March speech, saying the rise will only go ahead “if economic conditions allow”.

We'd like to know how this affects you and what your thoughts are?
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We are writing our November Newsletter now! Never miss important changes to the latest UK financial developments by signing up to our email newsletter.

Read informative articles on personal and business accounts good practice, tips and current Covid-19 support.

Simply click here to sign up: mailchi.mp/1ec39f00691e/davies-archytas-accountants-monthly-newsletter-sign-up
...

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