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October 2017 Newsletter

“Employees are a company’s greatest asset – they’re your competitive advantage” – Anne Mulcahy

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We are excited to announce the appointment of 3 new members who will be joining the already amazing MJH team before the end of the year.

Henry Pearson has joined the firm as a trainee accountant and will be working hard towards his AAT qualification over the next 3 years. Henry has recently completed his A-levels at Kirkham Grammar School and is also a high-flying rugby player for Fylde.

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October 2017 Tax Tips & News

Welcome…
To October’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

Getting ready for GDPR

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The new General Data Protection Regulation (GDPR), which will replace the existing Data Protection Act (DPA), takes effect from 25 May 2018. UK organisations that process the personal data of EU residents need to ensure systems are in place by then to enable compliance with new requirements.

The GDPR is more extensive in scope and application than the current DPA. The Regulation extends the data rights of individuals, and requires organisations to develop clear policies and procedures to protect personal data, and adopt appropriate technical and organisational measures.

The GDPR introduces a number of key changes for organisations including:

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September 2017 Tax Tips & News

Welcome…
To September’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice on your own specific circumstances. We’re here to help!

New anti-money laundering regulations take effect

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The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Pay) Regulations2017 (SI 2017/692) took effect from 26 June 2017 and replace the previous 2007 Regulations with new statutory requirements for systems and procedures. Broadly, the regulations require firms undertaking certain financial activities to apply risk-based customer due diligence measures and take other steps to prevent the firm’s services from being used for money laundering or terrorist financing.

The regulations apply to a number of different business sectors, including financial and credit businesses, accountants and estate agents. Every business covered by the regulations must be supervised by a supervisory authority.

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September 2017 Newsletter

“Spread love everywhere you go. Let no one ever come to you without leaving happier.” Mother Teresa.

Andrea-Moore-MJH Accountants

This might seem like a quote that you wouldn’t necessarily associate with the business world and especially, perhaps, the accountancy profession! However, there’s always room for compassion, understanding and service. Andrea says, “This is what I hope I have brought to MJH Accountants over the past four plus years. Working at MJH Accountants has been much more than ‘just a job’, it’s been more of a vocation! Everything I have done has been done with love, care and a genuine concern for doing the best possible job I can. I’m going to miss everyone hugely. Mark, the Team, our wonderful clients! My sincere wish is that MJH Accountants will go from strength to strength. I’m looking forward to the challenges ahead. I bid everyone a fond farewell.”

Mark, on behalf of the entire Team at MJH, would like to thank Andrea for her incredible contribution over the past 4 ½ years. Her hard work and dedication during the formative years of MJH have been invaluable and will be sorely missed.

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July 2017 Tax tips & News

 

Working from home

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Over recent years, it has become increasingly popular for employers to allow their employees to work from home, and in doing so, pay an amount to cover any additional household costs incurred. What are the tax implications of such expenses for the employee?

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