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Are you ready for GDPR?

What is the General Data Protection Regulation (GDPR) and do I need to worry about it? A recent survey shows the majority of businesses are unaware of the new ‘General Data Protection Regulation’ (GDPR) requirement that is likely to affect most UK based businesses. If you have not heard of GDPR or have little knowledge…Read More

Make the most of your tax allowances, review tax planning opportunities and get your tax return submitted early.

  A new Tax Year brings a second chance to make New Year resolutions………… This tax year (2018/19), why not resolve to make the most of your tax allowances, review any tax planning opportunities, and get your tax return submitted early.     Some ideas to help you achieve this include: Transfer income producing assets…Read More

Statutory Pay Increases – are you compliant?

  From April 1st 2018 National Minimum Wage and National Living Wage increased. The government is increasing enforcement in this area and substantial financial penalties can be issued if you fail to meet the new legal requirements.         Those aged over 25 on the National Living Wage now benefit from an increase of 4.4%,…Read More

Directors Salary From April 2018

From April 2018, we recommend directors take a monthly salary of £702. This salary ensures you receive a “qualifying year” of National Insurance Contributions towards your State Pension, but without the need to pay any contributions. This salary is also below your Personal Allowance of £11,850 for tax purposes.   If you are taking a…Read More

Tax Planning

The tax year end is nearly here – 5th April. Now is a great time to review your financial and tax position to make sure you have made the most of the legitimate tax planning opportunities available to you.       Here are a few quick things for you to think about: Have you made…Read More

Annual Tax on Enveloped Dwellings (ATED) – latest update

The ATED regime is nothing new, in fact it has been around since April 2013. However, changes which come into effect from 1 April 2018 are likely to bring a lot more properties into the charge. The regime levies an annual tax charge on ‘non-natural persons’, i.e. companies and trusts, who own UK residential property…Read More

Be Ready For Auto-Enrolment

The government’s auto-enrolment pension rules are now being extended to small businesses. If you own a business employing one or more workers you will have to: Set up a workplace pension scheme that meets the new rules. Automatically enrol workers who meet the age & earnings criteria. Make a minimum contribution for all eligible workers.…Read More

Cardens FREE workshops

We will be holding a number of FREE workshops during 2018. The main focus of our workshops will be Tax Planning and Accounting Software. Generally workshops will be held in our Hove offices, in small groups, with an expert in the topic guiding you through what you need to know. There will be the opportunity…Read More

How To Make Your Self-Assessment Tax Payment To HM Revenue and Customs

HMRC are encouraging more taxpayers to make payments of tax electronically (online, BACS, CHAPS, Faster Payments or by telephone banking). By Card Online Go to https://www.gov.uk/pay-self-assessment-tax-bill and follow the instructions. The minimum payment you can make is £1 and the maximum is £99,999.99. To make a payment you need your: • Debit/*Credit card details; and…Read More

HMRC no longer accepting payments by personal credit cards

Paying your Self-Assessment Tax liability HM Revenue and Customs have announced that with effect from 13 January 2018, they will no longer be accepting payment by personal credit cards, although you will still be able to make your tax payment using a debit or corporate credit card. In view of this, if you were planning…Read More

The Latest on: Tax Free Childcare, Childcare vouchers, Free childcare hours, Tax Credits for Childcare & Universal Credit for Childcare

The variety of Childcare choices available is great for parents, but understanding the options and ensuring you are getting the most help you can is somewhat less straightforward. With the latest, simplest, and most inclusive of the schemes ‘Tax Free Childcare’ just becoming available – now seems like a good time to provide an overview…Read More

Should amateur sports club register as a Charity or as CASC?

The Community Amateur Sports Club (CASC) Scheme was introduced in April 2002. It allows local amateur sports clubs to register with HM Revenue and Customs (HMRC) and benefit from a range of tax reliefs. A summary of the CASC reliefs and benefits are shown below – alongside those which could be enjoyed if your Club…Read More

New Corporate Tax Manager

Here at Carden’s accountants we have seen continued double-digit growth over the last few years and this has led to the need for additional experienced and specialist staff. Adam Thompson has recently joined the team as the firms Corporate Tax manager. Adam has a decade of experience in the tax industry having previously worked with…Read More

So What Is Making Tax Digital?

The Government started this process for businesses with the introduction of real time information for employers payrolls in April 2013. Every employer had to submit payroll records digitally to HMRC rather than by paper, as they had previously been able to do. This change overall has worked and since then they have been keeping their…Read More

What is Tax Investigation Protection?

  What is Tax Investigation Protection? Tax investigation protection is an annual policy that will pay our fees in the event that HMRC start an enquiry into your tax affairs. The costs of dealing with an HMRC enquiry can sometimes run into thousands of pounds and this policy will give you reassurance that our costs for…Read More

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