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News - 1 December 2011

December 2011 ABDS newsLetter

Welcome to the December 2011 ABDS news letter


In this edition we will be looking at:

  • Plans for simpler personal tax rules,
  • House prices rise by 1.2%,
  • Latest HMRC Targets,
  • Biggest cut in education spending since the 1950s,
  • Don't give the Tax Man a Christmas bonus 
  • and VAT Clarification on Energy saving Materials

As part of our regular features we  introduce you to one of our team members, this month it is our Tax Manager Stuart Coleman

And remember; if you have not returned to us your signed 2011 Tax Return please ensure that you return it by the 15th December 2011.
 

And if you have not yet supplied us with all the information requested, please send it to us by the end of December to ensure that we can complete your Return by the due date of the 31st January 2012


This months Fact Sheet is on Inheritance Tax (or keep it in the family). To request a copy Contact us now

And we will conclude, as usual, with an accountancy joke supplied by our resident comedian David Nelson.


Plans for simpler Tax Rules


In a statement the Government say they are committed to making the UK tax system more transparent and easier to use, and have this week set out details on a number of initiatives aimed at modernising the personal tax system.

Read full article


House prices rise by 1.2%


House prices leapt 1.2 per cent last month to continue a highly mixed pattern of price movements this year, the Halifax has reported.

To continue


The Latest HMRC targets


Five New tasks Forces were announced this week to tackle tax evasion in different areas of the country.

The new taskforces will target:

Read full article

 

The biggest cut in Educational spending since the 1950's.


Until recently, education spending has enjoyed healthy year-on-year increases, but that is set to change. Along with most areas of government spending, education spending is set to shrink over the
current Spending Review period.

To continue


Don't give the Tax man a Christmas Bonus

We asked our resident Tax Guru, Stuart Coleman, about Christmas and the forthcoming party season.

Read full article


VAT CLARIFICATION ON ENERGY SAVING MATERIALS

The main body for representing plumbing and heating businesses in the UK, the Plumbing & Heating Contractors’ Alliance (PHCA) has successfully lobbied the Government for a revision of its guidance on VAT in relation to energy saving materials.

To continue


The spotlight this month falls on one of longest serving members of staff, Stuart.

SP Coleman BA (Hons) ACCA
Following a degree in Accountancy from Southampton Solent University, Stuart subsequently qualified as a Chartered Certified Accountant after joining ABDS in August 1999.
Stuart has substantial practical experience with the firm’s clients and as manager of the Tax Team, supervises

  • The undertaking of routine tax compliance
  • Client liaison
  • specialised tax planning
  • IHT (inheritance tax planning)
  • Tax enquiry work
  • business sale & business valuation
  • Specialist projects such as business valuations, shareholder and partnership agreements, dispute resolution, statutory, contract and CIS regulation work.
     

Stuart is also very experienced in bookkeeping, accounts production and auditing, and so is well placed to provide clients with general advice on business issues.
 

He is known as the company's “plain English” accountant for his practical, clear and concise way he can explain even extremely complex matters.
 

Stuart has lived in Southampton all of his life, and is an enthusiastic arm-chair sports fanatic, with particular interests in football and boxing. (This is where his normal simple explanations disappear under a torrent of facts and figures)
 

If you would like advice on any of the above issues, please call Stuart to arrange a meeting so that he can gain a clear understanding of the scope of your requirements and deadlines. You will find that he is approachable, friendly and a good listener.

As promised we conclude with an accountancy joke supplied by our resident comedian David Nelson.

A mugger stops a guy on the street "Give me all your money", he says.

The man is indignant. "You can't do this," he yells. "I'm an inspector for Her Majesty's Tax Office.

"In that case," says the mugger, "give me all MY money."

 

 

 

Kind regards

Lavinia and the team


Tel: 023 8083 6900
email: ABDS@netaccountants.net

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