Brian McCullagh Accountants LLP is a practice that provides
Accounting and Tax Services for a range of clients.
Based in Newry, we offer our services to businesses and individuals located in both the North and South of Ireland, with our clients including; Individuals, Sole Traders, Limited Liability Partnerships, Partnerships and Limited Companies.
If you are a newly qualified dentist, joining/starting or expanding a practice, then here is a useful HMRC online tutorial that you should browse through. It will help you understand the various taxes that are due and how they affect you. Just click here
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Customer guidance has been updated to reflect the reduction in the relief available for imported gifts.
If you order goods from abroad for your own personal use, including over the internet, or buy them abroad and send them to the UK, Customs Duty, Excise Duty and/or import VAT may be due.
To find out more click here
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The shock announcement of the Autumn Statement was the tenfold increase in the amount of the Annual Investment Allowance (AIA).
The AIA provides a 100% deduction for the cost of plant and machinery purchased by a business up to an annual limit (which is currently £25,000) for expenditure incurred from April 2012. The Chancellor announced that this limit will rise to £250,000 for a period of two years for expenditure incurred from 1 January 2013.
For more info click here
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The Chancellor is to proceed with proposals to make the tax system simpler for small unincorporated businesses from April 2013. Where a business has a turnover up to £77,000 it will be able to calculate its profits on a simplified cash basis. In addition it will not have to distinguish between revenue expenditure and capital expenditure. A business will be able to continue to use this basis until its turnover reaches £154,000.
For more info click here
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HMRC have announced the following statutory payment rates for 2013/14. These rates are still subject to Parliamentary approval and will be confirmed by HMRC before the start of the new tax year.
| Statutory Maternity Pay (SMP) | £136.78 per week |
| Ordinary Statutory Paternity Pay (OSPP) | £136.78 per week |
| Additional Statutory Paternity Pay (ASPP) | £136.78 per week |
| Statutory Adoption Pay (SAP) | £136.78 per week |
| Statutory Sick Pay (SSP) | £86.70 per week |
Please contact us if you would like any help with payroll issues
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From January 2012 employers will no longer be able to recover VAT on benefits and then provide
them to employees as part of a salary sacrifice arrangement without becoming liable for a VAT
charge on the amount sacrificed. These arrangements include the cycle to work scheme and
childcare vouchers
To find out more information click here
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Starting a new business can be a worthwhile and satisfying experience; however many firms fail
in the initial stages due to a lack of forward planning, which is essential in order to maximise the
chances of success.
Click here to find out more about how we can help to achieve your dream business and make it succeed
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As your accountants, we can help keep your tax bill to a minimum by identifying which of the
many tax relief's and allowances specifically granted by law are available to you.
This guide contains 8 essential ways of saving tax - for you, your family and your business.
To find out more click here...
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Take a look at our mission statement to
view aims and responsibilities.
Click here ...
