Tax allowances: use them or lose them! March 29, 2017
With just a couple of days left until the end of the tax year it’s time to consider making use of the following before 5 April 2017 comes around.
Budget 2017 – The Key Points March 09, 2017
In Chancellor Philip Hammond’s first and last Spring Budget he wasn’t expected to pull any rabbits out of the hat and he didn’t.
Tax-Free Childcare February 15, 2017
As of April 2017, it is possible to join the new Tax-Free childcare scheme.
Material World for CIS Contractors February 08, 2017
I’m sure we have all heard the lyrics to Madonna’s song, “We are living in a material world”…well HMRC have decided that focussing on materials (from a Tax / CIS stand point) may well be a new way of raising revenue.
Accountants of the year! January 20, 2017
Well we did it again, accountants of the year for the second year running!
Flat Rate VAT schemes may not be the first thing on everyone’s mind after Christmas however following Chancellor Philip Hammond’s Autumn Statement this year, you may want to take a closer look if you’re a VAT registered small business or a contractor.
Have a lovely (tax efficient) Christmas! December 08, 2016
Every year at this time we get asked by clients about the most tax efficient ways to reward their staff.
Autumn Statement Predictions November 22, 2016
A few years ago the Autumn Statement were words you rarely heard outside accounting circles however today its very much a side show to the main Budget in March.
Tax Efficient Investments November 08, 2016
Clients often ask us about what tax efficient investments are on the market. There have been lots of changes especially in recent times so we have prepared a brief overview.
Hornbys touch down at Barrow Raiders October 26, 2016
Ulverston based companies Process Pipework Services (PPS) and accountants J F Hornby & Co are delighted to announce a ground-breaking joint sponsorship deal with Barrow Raiders.
New Opportunities: £22,000 Tax Free? October 18, 2016
Valuable opportunities have opened up recently to save tax on investments.
The New State Pension System October 10, 2016
This year marked the beginning of the new single-tier state pension.
Making Tax Digital September 27, 2016
Individuals, partnerships, sole traders, and landlords are soon to join HMRC’s new digital world in 2018.
Hornbys shortlisted for 2 awards September 13, 2016
We are delighted to announce that we have been shortlisted for 2 awards in the British Accountancy Awards
New trivial benefits in kind exemption is not so trivial July 20, 2016
HMRC has published draft guidance on the new statutory exemption for trivial employer-provided benefits in kind.
Brexit – what next for the British economy? June 27, 2016
The British public have spoken and made clear that they see the UK’s interests best-served by leaving the European Union.
Hornbys takeover local accountancy practice May 06, 2016
J F Hornby & Co are pleased to announce the acquisition of A B Mercer
The New Dividend Tax April 25, 2016
For the 2016/17 tax year dividends will now be subject to tax. The article below explains the changes which we wrote for The North West Evening Mail
Budget 2016 Analysis April 06, 2016
Our review of the 2016 Budget which was published in the North West Evening Mail
HMRC continue to punish ‘careless errors’ April 04, 2016
Careless error: Another HMRC victory
Changes to Members Voluntary Liquidations (MVL) March 23, 2016
Winding up a company
Capital received on winding-up a company could be taxed as income from April 2016: should you wind up your company?
Budget Spring 2016 March 17, 2016
The full report of this year's budget is now available to view and download using the following link Spring Budget - 2016
Hornbys agree Barrow AFC shirt sponsorship February 12, 2016
Barrow AFC have unveiled their shirts for the 2016/17 season – with accountants
J F Hornby & Co the clubs new sponsor.
A new Scottish Tax February 01, 2016
People living in Scotland will soon pay part of their income tax to the Scottish government, a move that could result in them paying a different rate of tax from other UK residents.
Incorporation for buy to lets? January 21, 2016
Tax changes announced during 2015 will increase costs for many buy-to-let landlords and may make some lettings unprofitable. But there may be ways of mitigating some of these costs.
Cumbria flood victims December 14, 2015
Following the recent devastating floods across Cumbria, a number of different funding schemes have been released in order to assist those who have been affected.
Hornbys crowned accountants of the year November 30, 2015
Ulverston accountants J F Hornby & Co are in dreamland after being named UK accountants of the year at the British Accountancy Awards. The event which rewards excellence in the profession was held at the Brewery in London and was hosted by comedian Rufus Hound.
No more wear and tear November 27, 2015
Landlords of residential property may justifiably be feeling somewhat hard done by right now.
Auto Enrolment – the latest storm for SME businesses to weather October 25, 2015
Love it or hate it auto enrolment pensions responsibilities are here to stay. First applying to larger companies from October 2012, auto enrolment duties are now filtering down to smaller employers. So if you employ people, you will soon have new duties to help your staff save for retirement. These duties carry the weight of the law behind them, and if you get it wrong, large penalties and fines. Letters are now being sent out to employers informing them of their staging dates, and this is the point where you need to take action.
Cloud Based Accounting – it’s the future October 15, 2015
Cloud based accounting is the biggest thing to accounts since the introduction of the computer to the modern practice more than twenty years ago. Its unique ability to be accessed from anywhere at any time on any device makes it as flexible as todays modern businesses require. The ‘Cloud’ is just a term to describe that your data is held on a central computer which you access via the internet, meaning that no backups need to be saved and expensive software updated annually.
New Dividend rules September 25, 2015
Every Chancellor wants to make his mark and the Summer Budget has allowed George Osborne to give full reign to his reforming ideas for the tax system unfettered by the constraints imposed upon him by a Coalition government.
J F Hornby & Co – New Partner September 23, 2015
It gives us great delight to let everybody know of a change that our own business is experiencing as the firm moves forward.
Partnership with Barrow AFC September 23, 2015
J F Hornby & Co are extremely pleased to announce a sponsorship partnership with Barrow AFC. The firm have struck up and excellent working relationship with the clubs Commercial Director Steven Casson and look forward exciting opportunities in the future. Currently the firm have agreed an extensive sponsorship package for the current season as they look to get behind the club as they enter the Vanarama Conference division. The deal has not gone unnoticed in the local area with the following article appearing in the Evening Mail.
J F Hornby & Co shortlisted for national award… again! September 09, 2015
Ulverston firm of accountants J F Hornby & Co are celebrating again after being short listed for ‘accountancy firm of the year’ in the annual British Accountancy Awards. It’s the second time in 3 years the family owned business have been short listed at the annual event which is held at The Brewery in London.
Hornbys launch good cause foundation August 28, 2015
J F Hornby & Co are incredibly pleased to announce they have setup their own good cause foundation. The Foundation aims to provide the local community with much needed funding for charitable groups, good causes and deserving individuals.
Is it time for company reports to evolve? June 09, 2015
Company reports are a mainstay of the financial reporting process. However, their usefulness is all too often being called into question. Is it time for a major overhaul of the information that businesses include within their reports or do they still have a purpose to serve in their current form?
How Can Accountants in Cumbria Benefit Start-ups? June 09, 2015
New company car advisory fuel rates have been published which took effect from 1 September 2013.
It’s always best to get your self-assessment returns done as soon as possible, rather than leaving it to the last minute. If you don’t, then there’s the risk that problems could arise and you won’t have the time to resolve them. With effective tax planning services from your accountant, you can reduce the risk of missing deadlines or incurring fines.