Category

Accounts

Filter by:

IR35 and off payroll workers from April 2020

Changes are being introduced from April 2020 to off payroll workers in the private sector, relating to engagements with large and medium sized companies where a contractor provides services through a personal service company. The decision whether to apply the rules falls with the engager as it does already for contracts with the public sector…. Read More

‘The world is your oyster’

‘The world is your oyster’ has never been truer than it is today. Technological advancements mean important information can be attained at the click of a button, or people in different cities, or even countries, can work on the same project simultaneously via the cloud. Quite simply there are no longer geographical boundaries to business…. Read More

Get connected internationally

UK businesses are increasingly seeing international expansion as a fundamental part of their growth strategy. This can range from smaller businesses looking to export into another overseas market for the first time, right through to a multinational company wanting to set up a permanent establishment in another country. To help our clients with that transition and provide a seamless international service, Dafferns joined… Read More

Company contributions to a Director’s Pension

Directors can make contributions to their pension schemes broadly in two ways: A Personal Contribution – up to a maximum of £32k per annum, which the pension scheme then grosses up to £40k by claiming back basic rate tax – bearing in mind that as a personal contribution this will be funded out of tax… Read More

Making Tax Digital – Mandatory Vat accounting from April 2019

Making Tax Digital (MTD) is a government initiative to modernise the UK tax system, with the aim of making the whole process of administrating tax simpler and more efficient. All of your tax information will be in one place (your digital account) and you will ultimately pay tax based on your business activity during the… Read More

6 great reasons you should move to Xero cloud accounting

All of our clients who have moved over to Xero are seeing big benefits from the changeover to Xero, Giving you access to faster, relevant management information, enabling us to streamline our services and making it easier for us to give you tax efficient, proactive advice based on usable, up to date information. Six great reasons… Read More

Find out all about the changing audit landscape…

In January 2016 it was announced that the audit exemption thresholds would be aligned to match those that determine company size. The new thresholds come into force for periods commencing 1 January 2016 (effectively 31 December 2016 year ends). It is estimated that the increase in the audit limits is likely to make around 10,000… Read More

Five ways technology is changing small businesses

In this blog we’ve highlighted five key messages from an inspirational conference we attended last month – Xerocon, London. Xerocon was organised by Xero, a cloud-based accounting software company. Many of Dafferns’ small business clients have now started managing their accounts via this platform.The conference took a look at the way small businesses work now… Read More

Government raises audit exemption threshold

On 26 January 2016, the government confirmed that the audit exemption threshold will be raised to the maximum allowed under the Audit Regulation and Directive. Companies will no longer be required to have an audit for the financial years commencing on or after 1 January 2016 if at their balance sheet date they satisfy at… Read More

Are you ready for the digital tax revolution? Get ready now!

The government is about to invest £1.3 billion in transforming HMRC into one of the world’s most advanced tax administrations. The new system will demand that most unincorporated businesses, self employed people, landlords and anyone with a secondary income of over £10,000 per year, will have to keep track of their affairs digitally and provide… Read More