News
Summer Economic Update 2020
The Chancellor’s plan to kick start the economy came in the form of a Summer mini budget.
Read the key announcements here.
July 9, 2020
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Finance
Working Capital | The Cashflow Clock is Ticking
Since the start of the pandemic lockdown and all the issues this has created for businesses up and down the UK the focus for many owners, directors and indeed government has rightly been surviving this unprecedented period of shutdown.
June 19, 2020
Guidance
Latest updates on the Coronavirus Job Retention Scheme
On 1 June we outlined proposed changes to the Coronavirus Job Retention scheme. A significant volume of further guidance has now been issued and the following is only a summary, touching on some of the key points and does not go into detail on every matter.
June 17, 2020
Covid-19
Local Authority Discretionary Grant
Over the course of the pandemic the UK government has introduced various schemes each with the aim of supporting various sectors of the UK economy and society. Much of the support has been by way of grants, such as the small business grant, the Retail, Hospitality and Leisure Grant and the furlough scheme…
June 9, 2020
Covid-19
Coronavirus Job Retention Scheme Updated Guidance
On Friday the Chancellor announced details of future changes to the government’s coronavirus support schemes. The key details are outlined below:
June 1, 2020
Covid-19
Updated guidance – Holiday Leave during furlough
The Department for Business, Energy and Industrial Strategy has just published guidance on workers entitlement to holiday and holiday pay during the COVID-19 pandemic.
May 15, 2020
Covid-19
Self-Employment Income Support Scheme (SEISS)
HMRC have brought forward the date from which claims under the Self-Employment Income Support Scheme (SEISS) can be made. Claims will now be able to be made from 13 May 2020.
May 13, 2020
Covid-19
Coronavirus Bounce Back Loan Scheme
From the 4th of May, the Government’s Bounce Back Loan scheme will be made available. The loan scheme aims to help small and medium-sized businesses to borrow between £2,000 and £50,000.
April 28, 2020
Covid-19
Covid 19 – Job Retention Scheme Update- 7th April 2020
Updates that HMRC have now issued in respect of the Job Retention Scheme.
April 7, 2020
Covid-19
Covid-19 Guidance Update – 1st April 2020
Topics include:
Deferring self-assessment payments on account due in July 2020
Coronavirus Business Interruption Loan (CBIL) Scheme update 1/4/20
April 1, 2020
Covid-19
Covid 19 – Self-employment Income Support Scheme
Topics include:
Self-employment Income Support Scheme
The conditions for eligibility
March 27, 2020
Covid-19
Covid 19 – Furloughed Workers
Topics include:
Furloughed workers
COVID-19 Briefing – Gordons Solicitors
March 24, 2020
Covid-19
Covid-19 Update
Topics include
Coronavirus Jobs Retention Scheme
What is a “Furloughed” employee?
Deferral of VAT and Income Tax
Nursery businesses – Rates holiday
Coronavirus Business Interruption Loan Scheme
March 24, 2020
Covid-19
Covid 19 – Coronavirus Business Interruption Loan Scheme
Topics include:
Coronavirus Business Interruption Loan Scheme
Grants
Tax – Time to Pay arrangements
March 20, 2020
Covid-19
Covid-19 Guidance
The current Covid19 outbreak is bringing many financial challenges to UK businesses and as such the government is announcing various support packages which seem to be changing on a daily basis. Below is a summary of the announcements as we understand them today and some practical issues to consider. We will endeavour to keep you up to date as we are made aware of further details.
March 19, 2020
Finance
Personal Finance Money Checklist – 8 steps to start 2020 in the best possible way
Kick your finances into shape and start 2020 in the best possible way with our New Year money checklist for your finances.
March 17, 2020
Laws & Legislation
Employment allowance changes from 6 April 2020
The maximum Employment Allowance (EA) will increase from £3,000 to £4,000.
Employers will only be eligible for EA if their total qualifying employers’ secondary Class 1 NIC liability in the tax year ending 5 April 2020 is under £100,000.
March 7, 2020
Laws & Legislation
The National Minimum Wage Increase 2020: Who will get a pay rise and when will it change?
The government has confirmed that the National Living Wage (NLW) will rise from its current level of £8.21 per hour to £8.72 per hour from 1 April 2020.
January 28, 2020
Finance
Money Creation
Let me start by posing an interesting question. As a business owner, what would you do if you had a machine that could make widgets without the need for any raw materials?
December 4, 2019
Tax
High Income Child Benefit Charge – “a tax on children”
Since 2013, hundreds of thousands of parents have lost some or all their child benefit, currently worth £1,789 a year for a family with two children.
November 26, 2019
Tax
9 reasons to submit your self-assessment tax return early
Are you putting off filing your tax return? Is it something you’d rather worry about next year? 31st January is ages off!
Getting your tax return submitted early could bring you several benefits. We look at 9 reasons why we think getting your tax return prepared and submitted early is a great idea.
November 12, 2019
Finance
Are you a first-time buyer? Would you like £3,000 for free?
There are many people who already know what a ‘Help to Buy ISA’ is, and some that may even have one, but for those who don’t, there is a deadline looming which you shouldn’t let pass by accidentally.
After 30 November 2019 you will not be able to open any new Help to Buy ISA’s and if you do qualify and don’t open one, that could mean missing out on up to £3k tax-free.
November 6, 2019
Laws & Legislation
New SRA Accounts Rules 2019
The new SRA Accounts Rules will be effective from 25 November 2019.
The new rules are more outcome focussed and with the number of rules being reduced from 52 down to only 13, they are also much shorter!
October 22, 2019
News
Brexit – It’s now time for businesses to act
In preparation of the UK leaving the EU, businesses should now take immediate action to manage the associated impacts of leaving the EU, whether in a deal or no deal scenario.
October 9, 2019
Laws & Legislation
VAT Reverse charge on Construction Services
The VAT Reverse charge on Construction Services is being introduced by HMRC from 1st October 2019 in response to organised criminal attacks on the VAT system in the construction sector.
If you deal in Construction, you will need to be aware of the changes being brought in by HMRC and it is important you plan ahead for them as they could impact on your cashflow.
August 21, 2019
Laws & Legislation
Making Tax Digital (MTD) – VAT Reporting
From the first quarter starting on or after 1 April 2019, most VAT registered businesses, with a taxable turnover above £85,000, must keep their records digitally and use MTD compliant software to submit their VAT Returns to HMRC.
February 26, 2019
News
Company Announcement
It gives us great pleasure to announce that Alex Moors has been appointed as an Associate of BPR Heaton.
Alex joined us in September 2011 and very quickly became a key member of the management accounting team…
February 4, 2019
General
Digital Growth Vouchers
The latest phase of the Digital Growth Voucher scheme is NOW OPEN and will close on Friday 26th October, 2018 and will provide the chance for even more businesses to undertake digital transformation projects.
October 3, 2018
Auditing
Are your Audit fees rising?
The Big Four accountancy firms and the other larger nationals clearly realise that it’s a seller’s market when it comes to audit services – their audit fees have jumped by over 10% over the last year.
Despite the increase in the audit threshold both small and larger companies rely on us for a better deal. We offer first-rate audit services, but with a more client focused approach.
Your company may qualify for an audit exemption.
September 11, 2018
News
BPR Heaton Strengthens The Team
BPR Heaton are delighted to announce the further strengthening of the team by welcoming two new members of staff.
July 6, 2018
General
Pudsey Legal 10k run
Sunday 17 June 2018 witnessed BPR Heaton continue their support as a sponsor of the Pudsey Legal 10k run, in addition to fielding a team of 5 courageous runners in the event.
June 25, 2018
Laws & Legislation
The new rules on dividends
Dividend allowance cut from £5,000 to £2,000 per annum from April 2018.
April 6, 2018
News
Spring Statement 2018
Responding to the latest economic forecasts from the Office for Budget Responsibility, Mr Hammond revealed that the economy is expected to grow at the slightly faster rate of 1.5% in 2018, compared with the 1.4% forecast in the Autumn Budget.
March 16, 2018
News
National Minimum Wage Increase Reminder
A reminder that the National Minimum Wage (NMW) is set to increase on 1st April 2018.
March 14, 2018
News
Increased Contributions from 6 April 2018
Employers may be required to increase the amount of their contributions into their automatic enrolment pension.
March 8, 2018
General
The Royal British Legion- Horsforth Branch
BPR Heaton are proud to have been able to help sponsor The Royal British Legion-Horsforth Branch.
September 1, 2017
2017
The Voom Tour 2017
The Voom Tour, Leeds
Victoria Gardens – The Headrow, just outside Leeds Art Gallery, Leeds
July 22, 2017
2017
VAT Flat Rate Scheme Changes
From the 1st April 2017, a new flat rate VAT percentage of 16.5% will apply to certain businesses using the Flat Rate VAT Scheme.
March 7, 2017
2017
The future of small entity reporting
Small Limited company accounts were previously prepared using the Financial Reporting Standard for Small Entities (FRSSE). However, the FRSSE is withdrawn for Accounting Periods Commencing 1 January 2016 (therefore usually year-ends of 31 December 2016 onwards) and replaced by either:r…
February 21, 2017
2017
A new Apprenticeship Levy is due to come into effect in April 2017
As an employer, you’ll have to pay the Apprenticeship Levy each month from 6 April 2017 if you have an annual pay bill of more than £3 million or are connected to other companies or charities for Employment Allowance which in total have an annual pay bill of more than £3 million.
February 8, 2017
2017
National Minimum Wage Increase Reminder
A reminder that the National Minimum Wage (NMW) is set to increase on 1st April 2017.
February 7, 2017
2017
Is Your IT Infrastructure Holding You Back?
As 2016 draws to a close and businesses from across our region reflect on the good and the bad of another year passed, many it seems, have had a common anchor holding them back from progress and growth over the last 12 months. Digital technology.
December 20, 2016
2017
Autumn Statement 2016
A summary of the Autumn Statement delivered by Chancellor Philip Hammond on the 23rd November 2016
November 25, 2016
2016
Leeds Colour Run 2016
BPR Heaton staff ran in the Leeds Colour run and raised £758.00 for the St Gemma’s Hospice
October 1, 2016
2016
National Minimum Wage Increase Reminder
A reminder that the National Minimum Wage (NMW) will increase from 1 October 2016 as follows
September 30, 2016
2016
September 23, 2016
2016
Help for Start Up and Newly Formed Businesses
Here at BPR Heaton we have an experienced team dedicated to providing owner managed businesses of all sizes from start- ups to established companies with both strategic and day to day business support.
From a fixed price of £99 + vat per month you can put your mind at rest and be assured that we will look after your finance function freeing you up to concentrate on your business.
July 11, 2016
2016
BPR Heaton staff joined in the fun on ‘Wear Orange 4 Sepsis Day’
Raising awareness of Sepsis, along with vital funds for The UK Sepsis Trust.
May 27, 2016
2016
18th May – BPR Heaton to attend the Buy Yorkshire Conference at the Royal Armouries
BPR Heaton are excited to, once again, be exhibiting at this year Buy Yorkshire Conference being held in the Royal Armouries, Leeds in May.
May 1, 2016
2016
Employment Allowance increases from April 2016 to £3,000
Originally introduced in 2014, the national insurance contributions ( NICs )employment allowance is for the purpose of supporting businesses and charities in helping them to grow by cutting the cost of employment
April 28, 2016
2016
Supporting The Local Community and Marie Curie UK
BPR Heaton are pleased to once again support this years Pudsey 10k run organised by Pudsey Pacers in aid of raising funds for Marie Curie.
April 18, 2016
2016
The new rules on dividends
April 2016 sees significant changes to the rules on the taxation of dividends, which could have a significant impact on the amount of tax you pay. This factsheet provides an overview of the new system, together with information and advice to help keep your tax bill to a minimum
March 1, 2016
2016
A brief Guide To Choosing A Company Car
This is a “fast” moving issue ( forgive the pun ) with rules and regulations changing frequently and manufacturers developing new technology at a similar if not quicker rate, it is therefore worth looking at some of the ways you can keep the tax charge down to a minimum.
February 29, 2016
2016
Why businesses should keep accurate records
Keeping adequate business records plays a key role in effectively monitoring the performance of your business, as well as ensuring that you comply with the requirements of HM Revenue & Customs (HMRC).
February 29, 2016
2016
Rise in Minimum wage April 2016
From April 2016, the government will introduce a new mandatory National Living Wage (NLW) for workers aged 25 and above, initially set at £7.20 – a rise of 50p relative to the current National Minimum Wage (NMW) rate. That’s a £910 per annum increase in earnings for a full-time worker on
February 29, 2016
2016
Exciting new specialist division from BPR Heaton
PENROSE BUSINESS BROKERS
No Chartered accountancy client offering would be complete without the expertise and resource to help you sell, or add to, your existing business.
February 23, 2016
2016
Audit exemption threshold to be raised to EU maximum of £10.2m
The government had concluded that companies will not be required to have an audit for the financial years commencing on or after 1 January 2016 if at their balance sheet date, they satisfy at least two out three criteria, in general for two consecutive financial years.
February 23, 2016
2016
The wait is over – The New UK GAAP has arrived
The new – and long awaited – UK GAAP – FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, has arrived with the first financial statements hot off the press for the year ended 31 December 2015.
February 23, 2016
2016
BUSINESS INTERRUPTION are you adequately covered?
In the light of recent floods, the effect to local business has been devastating with claims in Kirkstall Road alone amounting to £ millions BPR Heaton spoke to independent insurance brokers to ascertain how working together can help protect clients in the future.
February 20, 2016
2016
Changes to Pay-rolling Benefits in Kind
From April 2016 an employer can choose to include benefits in kind paid to their directors and employees through the payroll.
February 17, 2016
2016
BPR Heaton become proud sponsors of Leeds Golf Club
BPR Heaton are delighted to announce sponsorship involvement with the Leeds Golf Club over the coming 2 years, in association with Whole in 1 Golf Limited.
February 15, 2016