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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Small businesses take on more staff

Friday, June 24th, 2016

According to new government research published recently shows that almost a quarter (24%) of small and medium-sized (SME) employers had more people working for them in 2015 than in 2014. The Small Business Survey 2015 is based on the views of more than 15,000 SMEs. Starting from this year, the survey will track the same […]

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HMRC issues warnings and advice regarding fraudulent emails

Thursday, May 19th, 2016

There is a continuing misuse of emails and SMS messages that purport to be from HMRC asking questions about your tax and encouraging recipients to part with their personal information and bank details. HMRC have recently issued guidance, intended to help taxpayers decide if an email from the tax office is genuine. Here’s what HMRC […]

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