Need funding for growth and the banks won’t help?

Thursday, March 23rd, 2017

When delivering our accounting services to clients, here at Wolverhampton accountants Copia Wealth & Tax, we often come across situations where funding is the key problem preventing a company achieving its full potential. The Banks that like to say ‘NO!’ Whilst the High-Street Banks are “open for more business”, there still seem to be far […]

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Savings and Pensions – Timely Tax Planning Reminders!

Wednesday, February 22nd, 2017

At Copia Wealth & Tax, we like to provide a holistic approach to our clients rather than just be an accounts and tax return “sausage machine”. So here are few timely tax planning reminders in advance of the end of the tax year, which apply to your savings and pensions. Don’t forget about your 2016/7 […]

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2015/16 Tax Returns Due 31/01/2017! Remember Our Taxation Services!

Tuesday, January 3rd, 2017

As 2017 is now upon us, our taxation services team thought that readers might appreciate a timely reminder that the 2015/16 tax return deadline is fast approaching. With over 1 million returns filed late for the 2014/15 tax year and given that the initial penalty for late filing is £100 (rising to £900 plus interest if you become 90 days late), it is no surprise […]

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What are you going to do to make 2017 a great year?

Wednesday, December 14th, 2016

Another year seems to have flown by so quickly! With that in mind, it’s time for myself and the team here at Wolverhampton accountants Copia Wealth & Tax Limited to start thinking about a new year and what our expectations should be for the next 12 months. New Year’s Resolutions for Your Business… So, this time […]

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Autumn Statement 2016

Friday, December 2nd, 2016

Welcome to our special Autumn Statement 2016 tax newsletter; GETTING THE UK “MATCH FIT” FOR BREXIT. The Chancellor Philip Hammond announced that his first Autumn Statement will also be his last.  In future the main Budget announcements will be made in the autumn rather than the spring. We were not expecting that many tax announcements […]

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Cloud accounting – Helping You To Run Your Business Better

Tuesday, November 22nd, 2016

In our previous article, we explored some of the accounting issues surrounding the HMRC’s Making Tax Digital (“MTD”) project.  Here at Copia Wealth & Tax Limited, we believe that as sole traders, partnerships and small limited companies will now be required to submit quarterly returns to HMRC, it follows that cloud accounting packages will offer […]

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“Making Tax Digital”: Quarterly reporting to HMRC from 2018 – be aware!

Friday, October 21st, 2016

In our role as Tax Accountants to our clients we’ve been exploring the HMRC’s “Making Tax Digital” (or “MTD”) project. This system looks highly likely to result in much more information than is currently the case being sent online to HMRC by businesses. As from April 2018 quarterly reporting of income and expenditure accounts will […]

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Brexit – how will it affect your business?

Friday, September 30th, 2016

Already the referendum is disappearing in the “rear view mirror” but to many, the long term economic consequences still remain very unclear.  As Business Advisors, Copia Wealth and Tax Limited are keen to further explore some of the opportunities and indeed risks that may face our clients going forward. The initial reaction of the markets […]

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Expanding Your Income Tax Bands

Wednesday, August 3rd, 2016

For the tax year 2016-17, most taxpayers are entitled to claim a tax-free personal allowance of £11,000 from their taxable income. The maximum income that can be taxed at the basic rate of 20%, after the personal allowance has been deducted, is £32,000. Accordingly, if your total income is £43,000 or below you will only […]

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State Benefits That Are Taxable

Tuesday, July 26th, 2016

Many newly retired pensioners may not be aware that the State Pension they receive is taxable income. Also, the amount paid is not taxed at source. Although a pensioner’s State Pension may be covered by their annual tax-free personal allowance (£11,000 for 2016-17) and therefore potentially no tax would be payable, the situation is more […]

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