The Bottom Line - Columb & Gosling Accountants in Telford

The Bottom Line

March 2, 2016

Looking for Accountants in Telford?

Based right in the centre of Telford Town Centre Columb & Gosling Accountants provide a comprehensive accountancy service for all businesses – sole traders, partnerships and Limited Companies. We can help you with all aspects of your accounts – including dealing with HMRC and Companies House, as well as offer comprehensive, easy to use accounts […]

February 16, 2016

Stamp Duty for additional homes/properties

From 1st April 2016, if you are purchasing additional residential properties in England, Wales and Northern Ireland, you will need to pay an additional 3% above the current stamp duty land tax (SDLT) residential rates. This includes second homes, holiday homes and buy-to-let properties.   Freehold sales and transfers: Property or lease premium or transfer […]

February 16, 2016

Property Lets – Repairs and Renewals

From April 2016, the Wear and Tear Allowance for furnished properties is to be replaced by a new Replacement Furniture Relief for all landlords whichever type of property, furnished or unfurnished.  The rules allow for the deduction of costs actually incurred for the replacement of furnishings.  The type of items will be limited to those […]

February 16, 2016

Property Let Mortgage Interest Relief

The amount of relief for finance costs (mortgage interest) on residential properties will be restricted to the basic rate of Income Tax.  This will be introduced gradually from 6th April 2017. Finance costs include mortgage interest, interest on loan to buy furnishings and fees incurred when taking out or repaying mortgages or loans. Landlords will […]

February 16, 2016

Changes to Working Tax Credits Claimants

From April 2015, Self Employed Working Tax Credit (WTC) claimants will need to meet new criteria. From 6th April 2015, all new claimants who are using self-employed work to meet the qualifying remunerative work test for WTC must show that they are trading on a commercial basis and their business is done with a view […]

February 16, 2016

Marriage Tax Allowance

In April 2015, a marriage tax allowance was introduced. So, if you are: a) Married or have a civil partnership b) Either you or your partner have an income of £10,600 or less (this is the personal allowance and will move each year) c) Your spouse has income between £10,601 and £42,385 (ie a basic […]

February 16, 2016

Scottish Rate of Tax

From April 2016, new tax codes will be issued to all Scottish residents. The new tax code will begin with an ‘S’. Initially, the Scottish Parliament have held the Scottish Rate of tax to be the same as the rest of the UK. However we do not know what will happen in the future, and […]

February 16, 2016

Change of Savings Legislation

The Savings Tax Legislation is changing. From April 2016, a Savings Interest Allowance is being introduced. Going forward, your bank or building society will no longer deduct 20% tax on interest earned on your savings. Instead, they will pay interest on your savings in full (gross). Basic Rate Tax payers can now earn up to […]

February 16, 2016

Change of Dividend Legislation

Under the current legislation, dividends attract a 10% tax credit which means that basic rate tax payers pay no tax on £28,800 of dividend income (assuming all of the personal allowance has been used by on other income), while higher rate tax payers pay an effective rate of 25%. This is because dividends are paid […]

September 1, 2014

Shropshire Accountant complete move to Telford

Leading Shropshire accountants Columb & Gosling has completed its long awaited move to a new central Telford office at Blount House in Telford town centre, Telford, Shropshire. Delighted with their new Telford location Helen Columb said “The offices have been comprehensively refurbished to our specification – we’re delighted to final move in to Telford offices. […]