As autumn approaches, don't forget to bring in your records in time to meet the tax deadline. Late filing penalties will apply on 15 January 2017 but please bear in mind that we operate on a first come, first served basis and would appreciate plenty of notice to get the work done.
Changes to company accounting standards
With new accounting standards now being in force you will start to see some changes to your accounts. If your company holds an investment property you will need a year end valuation, give us a call if you need any guidance.
Don’t forget that if you sell a UK residential property that you must calculate and gain or loss on disposal and report this to HMRC within 30 days of completion. Late filing penalties will apply if the deadline is not met. If you are planning a sale please contact us and we can assist you.
Filing of UK corporation tax returns
HMRC are withdrawing their free online software that was available to submit UK corporation tax returns, which means that you will need to purchase commercial software to be able to meet their reporting obligations. As we already use commercial software we can do this for you.
FATCA/CRS self certification
If you have been asked by your bank to self certify your tax status, call us if you need help completing the paperwork.
If you are interested to learn the benefits of moving your records online, give us a call. We are working with Quickbooks and Xero to streamline your back office.
We continue to support various local charities by helping Guernsey Specials, Wigwam Support Group, Guernsey Blind Association and Guernsey Rovers AC, as well as supporting our local Castel community.