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Moore Accountancy November / December 2019 Newsletter
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Moore Accountancy Update




WHERE HAS 2019 GONE?

 
What a year it has been with a lot of changes in tax, brexit still ongoing and now an election on the way.

It has been busy in the office with Making Tax Digital for VAT, working with clients on new bookkeeping software and starting the integration of our new client portal. These have been challenging for the Moore Accountancy team, let alone our clients!

We will be closed for the Christmas period from lunchtime on Friday 20th December until Monday 6th January, with a very reduced workforce potentially in on Thursday 2nd and Friday 3rd January. Emails will not be responded to during this time of closure; and any deadlines for December payroll and VAT returns will be communicated over the next few days so that plenty of notice is given.

Finally, the Moore Accountancy team wish you a very happy holiday season and a peaceful and prosperous New Year. 

If you have missed any of our previous newsletters, then our website has a backlog of them here.
BECOMING A MORE ENVIRONMENTALLY FRIENDLY BUSINESS

There is a general increase in environmental awareness and businesses are expected to play a part in the drive for reduced emissions.  Environmental issues have moved to the top of the agenda since recent climate change demonstrations by people across the world as part of the “extinction rebellion”. This included protests involving thousands of people across London.  

All businesses, regardless of their size, have a part to play when it comes to reducing emissions, recycling and reducing waste. Society is becoming increasingly focused on environmental issues and it would be great if more businesses got involved.

Do a waste audit
Before you start creating plans to reduce waste, you need to get a sense of what’s in your firm’s waste stream. By conducting a simple audit of waste across your business, you can identify the main areas that need attention and create a strategy to start tackling the biggest issues. 

Printing-related waste
Most businesses produce a lot of paper from their printers. Very often, this ends up being shredded. To reduce your paper-related waste, start by encouraging your team to read emails on screen rather than print them. Where documents do need to be printed, take actions such as setting your printer’s default settings to double-sided to eliminate as much waste as possible.

Food-related waste
Plastic or paper cups are another culprit in the office environment. By providing water fountains and encouraging employees to use refillable bottles or ceramic cups, you can drastically reduce the amount of waste produced. If you provide paper plates, replace them with reusable ceramic plates. 

Encourage recycling
Introduce recycling bins to your office. Label them clearly and encourage staff to use them instead of general waste. 

Cut your electricity usage
Cutting your electricity usage not only reduces the firm’s electricity bills but has the added benefit of being good for the environment. Simple changes like switching to low voltage LED light bulbs throughout your office and using sensors and timers to switch lights off when they are not in use can all contribute significantly to reducing your firm’s carbon footprint. Turning off plugs overnight and disconnecting the charger on laptops when full are other easy wins.

Training
Once you have created your waste reduction strategy, it’s important to invest time in sharing the strategy with your team in order to reduce waste company-wide. 

Moore Accountancy try hard to reduce, reuse and recycle and are a drop off point for many TerraCycle® schemes. 
Have a look at our link here to find out what you can drop off if you are an Altrincham based client. The TerraCycle® website can be used to find your local point if you are not based near our offices.

IMPORTANCE OF CHECKING NIC HISTORY

A recent Radio 4’s Moneybox programme highlighted the importance of everyone checking their national insurance contributions history to avoid a nasty surprise on reaching state retirement age.

The programme, on which Caroline Miskin appeared, featured a case where a self-employed individual had never made Class 2 NICs.
The change, in 2015, to the way in which Class 2 NICs are collected (through self assessment rather than by direct collection) has given rise to many cases where HMRC has incorrectly ceased to demand contributions. Contributions can also go missing for employees.

HMRC provides a very useful service in the personal tax account which allows individuals (unfortunately not agents) to check their contributions history.

If a gap is identified, there are a number of steps to go through.

See the TAXbite link here for further details. 

REMINDER ABOUT SELF ASSESSMENT SCAMS

HMRC has issued a press release to remind taxpayers to be aware of scams in the run up to the 31 January 2020 deadline for filing 2018/19 self assessment tax returns.

Over the last year, HMRC received nearly 900,000 reports from the public about suspicious HMRC contact - phone calls, texts or emails. More than 100,000 of these were phone scams, while over 620,000 reports from the public were about bogus tax rebates.

Some of the most common techniques fraudsters use include phoning taxpayers offering a fake tax refund, or pretending to be HMRC by texting or emailing a link which will take taxpayers to a false page, where their bank details and money will be stolen.

Fraudsters are also known to threaten victims with arrest or imprisonment if a bogus tax bill is not paid immediately.

Details of suspicious calls and emails should be forwarded to phishing@hmrc.gov.uk and texts to 60599.


 

KEY DATES

30/11/19 - Corporation tax due for year to 28/02/19 

07/12/19 - Final submission of VAT return under MTDfVAT for quarter ending 31/10/19

19/12/19 - PAYE & NIC deductions for month ended 05/12/19 (November payroll) 

31/12/19 - Corporation tax due for year to 31/03/19 

07/01/20 - Final submission of VAT return under MTDfVAT for quarter ending 30/11/19

19/01/20 - PAYE & NIC deductions for month ended 05/01/20  (December payroll) 

31/01/20 - Corporation tax due for year to 30/04/19 

31/01/20 - Self Assessment tax return filing and tax due for year to 31/03/19 (05/04/19) and any payments on account
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Moore Accountancy · 1 Northway · Altrincham · Cheshire, WA14 1NN · United Kingdom

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