Louth accountants Clark Hearsey

Accountants in Louth Lincolnshire LN11

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Happy New Year!

9th February 2017 By Steve Clark

Yes I know it’s February but January disappears in the whirl of personal tax so February always feels more like the new year to me.

I was particularly busy in late January.  Those of you who read my January blog www.clarkhearsey.co.uk/montegobay/ will know that I was getting more than a little excited about the prospect of going on holiday with all the surcharges for late information.  A client just back from Tenerife says it is nice and warm there (especially attractive as I write this on a grey day with snow forecast before the weekend).

The surcharge will rise in respect of 2017 returns.  £100 plus VAT if the information isn’t received by the end of November 2017 and a further £100 plus VAT if it isn’t received by Christmas 2017.  For straightforward personal tax returns that could be more than doubling the cost.

I’m so confident that a good number of clients will still end up paying these surcharges that I will be seeing Helen from Lincolnshire Travel Club shortly to book my February 2018 holiday and that will, I think, be to the Caribbean.  Thanks people, you know who you are!

holidays tenerife

February and March are a quiet time in the world of personal tax and enable me to catch up on admin and marketing.  I’ve lots of client packs made up ready to go out.  On a nice day I will have a walk round the industrial estate and draw up a list of potential clients to receive packs.

If you, or someone you know, is looking for an accountant then please do request some literature.  Whilst we are happy to offer free introductory meetings sometimes it is nice to have a bit of information in advance so you know what questions you want to ask.

In the office I will be reviewing the files of all our clients and making sure they have paid their tax liabilities or received their repayments.  The 2010 tax returns can now be destroyed so they will be going in the confidential waste.  The thinning of the files is usually followed by a re-shuffle of the filing cabinets and relabelling of the drawers.  I’m planning to sort the fridge magnet collection too.  I’ve a desire (the accountant in me) to do a country shape and position the magnets in the right places.  It isn’t going to be easy though as it means a rather short, squat Britain, or Scotland taken off and put to the side – that’s devolvement for you.

places around the world in magnets

The Continuing Professional Development lecture season kicks off in February and on Monday Steve and I attended a VAT lecture which was actually very well delivered and raised some interesting points.  One of the highlights was on barter.  I think Steve and I will put together a little piece on this subject but in the meantime you can read what HMRC have to say on the subject here: www.gov.uk/guidance/vat-part-exchanges-barters-and-set-offs

Now, go and get yourself a nice file and label it 2017 tax return and start collecting together the bits I will need…

Thank you (or no, not thank you, you won’t be paying for my holiday if you are organised!)

Vicki

corporation tax
victoria hearsey account

Changes to the Furlough Scheme

By Victoria Hearsey | 8th June 2020

When it commenced the furlough scheme meant that furloughed workers must not carry out any work for their employer. This will change from 1 July. Employers will be able to bring back furloughed workers on a part-time basis. The employer must pay the employee in full for the hours worked but can continue to claim […]

Bounce back loan scheme – small/medium sized businesses

By Victoria Hearsey | 4th May 2020

For small to medium sized business there is a new loan scheme available. Eligibile businesses can apply to borrow between £2,000 and £50,000 for up to six years with no repayments in the first year. The scheme is government backed. You apply directly to the lender, the first choice for which would typically be your […]

Self-Employment Income Support Scheme (SEISS)

By Victoria Hearsey | 4th May 2020

From 4 May HMRC will be contacting self-employed people who are eligible for the Self-Employment Income Support Scheme (SEISS). There is a checker so you can see if you are flagged as entitled to this – you will need your Unique Tax Reference (UTR) and National Insurance number. If you don’t already have a Government […]

Sunset

Relaxing at a stressful time

By Victoria Hearsey | 3rd April 2020

Looking after yourself in this stressful time I wanted to share this really good article from the ACCA. We are all in a stressful situation and this has some really good practical advice. The link will open in a new tab. Anxiety, Emotional Quotient and taking care of your own wellbeing I hope you find […]

about coronavirus

Coronavirus Resources

By Victoria Hearsey | 30th March 2020

The Association of Chartered Certified Accountants (ACCA) is publishing guides to certain aspects of the grants and aid available to businesses and the self-employed as a result of COVID-19. Where these are written in plain English they are being added to the Downloads page (opens in a new tab). Please note that some of these […]

Save money on weekly payroll costs

By Victoria Hearsey | 25th March 2020

As part of our planning for a possible complete lockdown due to Coronavirus we have been reviewing the jobs due in the next few months in order to minimise delays and disruption. We have been able to complete all March payrolls meaning that we have several weeks before four-weekly and monthly payrolls will again be […]

Latest Update re Corona Virus

By Victoria Hearsey | 24th March 2020

Well, we are certainly living in strange times.  This is the third time we have written to explain what we are doing. I will endeavour to keep this blog up to date but am also posting on our Facebook site which is somewhat quicker to do. In due course both will be updated with details […]

Business Awards

By Steve Clark | 16th November 2017

Earlier this year Clark Hearsey sponsored the Independent Retailer of the Year category at the inaugural East Lindsey Business Awards. #ELBA2018 As a result we were given the opportunity to help with judging the category and this came down to me. If you do an internet search on “entering business awards” lots of information will […]

standing out from the crowd

Standing Out from the Crowd

By Steve Clark | 1st November 2017

Today we have a guest blog from Craig at Totem Training. “I really like the phrase “the difference that makes the difference”. This can be applied to very many things – I use it when I talk about choosing to adopt a positive mental attitude and also in techniques for stress management. It can, likewise, […]

career in accountancy

Thinking about a Career in Accountancy?

By Steve Clark | 18th August 2017

Firstly, maths is only a very small part of the job.  So if you’re a great mathematician don’t think it is necessarily the ideal job for you.  If you’re not so hot at maths it isn’t automatically not the job for you either! A great deal of accountancy, particularly in practice, involves dealing with people.  […]

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