John Turner FCA

Providing a personal, friendly and comprehensive service to tax payers and small businesses in Reading and Berkshire at affordable prices.

Clients include the self-employed, partnerships and companies. Many in the consultancy, computing and health fields.
 

Changes to the tax regime for individuals

As you may be aware, the Chancellor has announced significant changes to the tax regime for individuals. Some of these changes are already in place, whilst others take effect in future years. The Chancellor has not only brought forward proposals which were to take place in 2011, he has also made changes to his original announcements.

We thought you may find it useful to have a summary of the major changes. For the detail click here.
 

Tax Refunds on Properties in Europe

Do you own property in Europe? Has it made a loss in any tax year since 2006/07?
Did you know that under new HMRC guidelines you may be able to claim these losses against other income often leading to substantial tax refunds? Click here for more details.
 

HMRC: The New Era of Penalties Begins...

On 1 April 2009 HMRC brought into effect new legislation in respect of penalties for tax offences. This legislation had been enacted in Finance Act 2007. The new rules apply to any return submitted to HMRC after 1 April 2009, in respect of a period which commenced on or after 1 April 2008. The rules therefore cover the 2008/09 personal tax returns, and PAYE year end returns as well as corporation tax and VAT returns that are submitted after that date. To read more click here.
 

Summer 2009 Newsletter

The knowledge that you are getting the most out of your hard earned profits may provide as much of a boost as the prospect of sunshine and warm summer breezes. Whilst a key consideration might be maximising the cash at your disposal for the minimum tax cost - are you optimising your benefits? To read the full newsletter, click here.
 

Capital Allowance Essentials 2009/10

There has been some key changes to capital allowances, a number of these have become operational over the last 12 months but further changes came into effect from April 2009 particularly in relation to business cars. For an up to date summary of all the key changes click here.
 

Budget 2009

Alistair Darling presented his second budget on Wednesday 22 April 2009. Having acknowledged the depth of the recession, he hinted that the budget measures would enable the UK economy to begin to grow "by the end of the year".

You can find a budget summary here and details of the 2009-2010 tax rates here.

As always the timing of the changes needs to be carefully watched - some are immediate but some are delayed to 2010 and beyond. The aforementioned summary focuses on the issues likely to affect you, your family and your business. To help you decipher what was said a commentary on the changes is included.
 

What you get

We will give you a free initial consultation to assess your needs. A competitive quote is offered at or following this first consultation.

Many clients prefer a fixed fee, which can be paid monthly or quarterly by standing order.