Please click on the link below for our summary of items in yesterday’s budget that will affect you.
Please click on the link below for advice on saving tax in 2015/16
Our guidance note explains the changes to taxation of dividends and how they will affect limited company owners
Here is a link to our summary of the Chancellor proposals. The changes to taxation of dividends is going to need to be carefully considered. There was also a major increase in the minimum wage (now living wage).
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Please do not hesitate to contact us if you have any questions.
I have uploaded our client guide to the Marriage Allowance.
Our client guides cover many of the tax and accounting issues faced by owner-managed businesses and tax-payers. Please contact us for further details.
Please be aware HMRC have not got the online registration process completely sorted for the Marriage Allowance. As explained by http://www.thisismoney.co.uk
“There is then an application process to go through and claimants are invited to complete their application online.
It has recruited three private operators to conduct ID checks for the system – Experian, Post Office and Digidentity.
This is being introduced gradually and HMRC admits there are restrictions at the moment that mean it may not work for everyone.
The restrictions you encountered are part of that. In order to transfer personal allowance, HMRC needs to verify who you are.
This requires evidence of the documents you were asked for. If you have them, HMRC says you can complete the process online in about 20 minutes.
If you don’t have these you’ll have to wait longer, although HMRC says it is taking phone applications for those who have tried the online application but hit a snag.”
What is a Client Portal?
A client portal is a secure encrypted area on the internet (sometimes referred to as being “in the Cloud”) where you can work with us more closely and efficiently. It includes an area for you to upload files to us, and for us to send you files and documents. Unlike many other similar facilities, however, there is personalised messaging built in too, enabling us to communicate about those documents and files in context.
Where there are documents needing your approval, we can use the Client Portal to upload the documents for you to review, wherever you are in the world, and to approve those documents electronically, cutting postage costs for both of us and improving efficiency and turnaround times.
How can I be sure my data is safe?
Your data will be encrypted using the 256-bit Advanced Encryption Standard which is the highest available military grade encryption. Asymmetric key encryption will be undertaken using two separate encryption keys held in separate locations to maximise security.
Over this is then laid the independent Secure Sockets Layer (“SSL”) certification provided by Symantec which you will be familiar with from interaction with internet banking and other secure websites. SSL certification will also provide you with visible reassurance by way of the closed padlock and https web site address reassuring you that the website is secure and trusted.
What about secure login?
When we first enable your client portal, you will receive an email from firstname.lastname@example.org inviting you to activate your client portal. Please do not respond to the email as it is not monitored. Instead, please click the activation link within the email, and this will take you to an activation page for your portal.
We will provide you with an activation ID code for you to enter as authentication, after which you will be able to set your own password. While we have set the minimum security requirements in terms of length and complexity of passwords, you can make yours as complex as you deem appropriate. No record of your password will be held by us.
If you forget your password you will be able to request that it is reset – the activation ID mentioned above will be needed again in such a case. As with all passwords, do not tell anyone or write it down, to protect the security of your portal.
Like your on-line banking, you can access the portal from any web browser – just make sure you save the web address for the portal in your internet browser’s favourites:
There is also a button to access the portal on our home page :
We are sure you will appreciate the convenience and security of the Client Portal. Please do not hesitate to contact us if you have any further questions.
Web-based portals are increasingly familiar to our clients, since these portals are already commonplace in many industries, including banking and insurance. It’s not surprising that many clients now expect instant access to information via web-based portals in their accounting and tax matters as well.
Now that we have our Portal in place, the benefits to our clients are starting to flow.
There are many benefits to our Portal. Some of the most important are:
Instant, 24/7 access to key financial documents. Clients can upload and store their own important documents as well (e.g Mortgage Statements).
A permanent secure storage facility – allowing you to meet HMRC document retention rules. If you store your documents in the Portal, there is no need to back them up and you will never have to worry about transferring this data when you change your computer.
Encrypted message exchange which is much more secure than e-mail technology. When emails travel to their intended destinations, they traverse an untold number of servers and can be intercepted and viewed by anyone with the proper technological know-how and desire. This inherent security flaw, at present, may place confidential data at risk. For some time now we have used Adobe Document Cloud e-sign (formerly Echosign) to send out sensitive documents. We recommend clients send sensitive information to us via our Portal.
The Portal is one of many technologies which are improving the service that progressive, innovative accountants can offer their clients. Please do not hesitate to contact us if you would like more information on this and other new technologies.