May 2015 Newsletter

Awards News – BIBAS calling!

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MJH Accountants are proud to announce that we have been short listed in the prestigious BIBAS category of Professional Service Business of the Year. We are through to the first interview stage and Mark will be representing the Team on Friday 15th May. Watch this space and we will let you know how we go on! The Team was also ‘highly commended’ in the North West Insider Young Professionals Awards. We are always looking to improve our working practices and to deliver ever-increasing excellence in service to our clients. MJH Accountants…always there! Challenge us, we think you’ll be refreshingly surprised at our approach to service delivery.

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MJH goes the extra mile…..

MJH goes the extra mile

At MJH Accountants, we make every effort to integrate ourselves into our local community and importantly, we genuinely care for those less fortunate than ourselves.

There are a great number of charities of all shapes and sizes who work very hard across Lancashire and the North West and we look to support them where we can.

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April 2015 Newsletter

MJH Accountants balls unveiled at Preston Guild Hall Lancashire Expo TOMORROW!

LBE-LogoWould you like to see the Team in action? Why not come along to the Guild Hall from 9am on Friday 17th April. Over 160 stands will be on display manned by local businesses. This is an ideal opportunity to meet local business owners, network and attend workshops. All visitors to the MJH stand will receive a unique and useful gift along with the opportunity to enter our draw. Everyone who signs up on the day for an appointment at the MJH Office will receive an elegant Parker pen when they come for their appointment. Come along to meet the Team in black who will keep you out of the red! Find us in Zone 4.

MJH Accountants up against Instinct Resourcing and Tunafish Media in the North West Insider Awards and nominated for the BIBAS in the Micro Business and Professional Services Business of the Year categories!

We are delighted to announce that Team MJH has been shortlisted by North West Insider for the category of Young Professional Team of the Year! We will know the outcome on 23rd April – so watch this space! On the back of this budding success MJH Accountants has been nominated for Micro Business and Professional Service Business of the Year for the BIBAS awards. We will know if we’ve been shortlisted in May!

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April 2015 Tax Tips and News

To April’s Tax Tips & News readers, 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 in your own specific circumstances. We’re here to help!

Pension freedom or liberation?

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Pension freedom is a GOOD thing. The change in law from 6 April 2015 means that members of defined contribution pension schemes who are aged 55 or more should be able to draw what they want from their pension schemes. But “pension liberation” is a BAD thing. This is when scammers use confidence tricks to separate taxpayers from their pension savings, and the taxpayer has to pay high charges and tax penalties. Can you tell the difference?

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March 2015 Budget Tax Tips & News

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In this analysis we have mainly concentrated on the tax measures that will directly affect individuals, employers and small businesses.

We are committed to ensuring all our clients don’t pay a penny more in tax than is necessary.

Please contact us for advice in your own specific circumstances.

We’re here to help!

Summary

This was a forward-looking Budget, with much of the content based on the assumption that the current Government will pick up where it left off, after the General Election on 7 May 2015.

The sweeteners for voters include; a cut in duty on beer, cider and sprites, including whisky. The tax on road fuel is frozen, but the tax and NI charges for having the private use of a company car or van are set to increase above the levels which had already been predicted.

There are two changes to entrepreneurs’ relief which take effect immediately, but those should not affect people who are selling significant stakes in their businesses.

For the future the Chancellor promised to increase the tax-free personal allowance up to £11,000 and introduce a new tax-free savings allowance of £1,000, but not until April 2016 at the earliest. Class 2 NIC is set to be combined with Class 4 NIC, which will be a simplification for the self-employed.

The promised abolition of annual tax returns to be replaced by an online tax account may sound attractive, but HMRC’s track-record of mixing up figures submitted under RTI does not bode well for such an ambitious project.

We have organised the coverage below into future promises, which can only happen after the General Election, and immediate changes which take effect from 18 March 2015, or from April 2015.
This newsletter is a summary of the key tax points from the Budget, based on the documents released on 18 March 2015. It is possible that a different position will be shown by the draft legislation which is due to be published on 24 March 2015. We will keep you informed of any significant developments.

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