Drop in for a mug of tea, a biscuit and a chat about how your needs can be best met. Our 3D walkthrough will make finding our office easier than ever.
Welcome to
Revell Ward
Chartered Accountants
in Huddersfield!
We are a firm of Chartered Accountants based in the heart of Huddersfield and we offer services such as; Audit, Personal and Corporate Tax, Bookkeeping, Management Accountants, a Payroll Bureau and much more.
Our clients are based in Huddersfield and beyond and have many positive words to say about us so why not visit the client testimonials page and find out for yourself. We also have a client survey that you can complete and submit, your thoughts are important to us.
We are very passionate about what we do and know that you too are passionate about what you do. We have devised an easy to follow diagnostic tool that will help you summarise your business in the 5 areas that we feel are the key to achieving results. Click here to find out more.
Town's Tandemettes Promotional Video
Town's Inspirational Tandemettes are a group of driven, determined and zealous ladies who have joined forces to raise an incredible amount of money for the Keep It Up campaign via Pedal 4 Pounds 3 (P4P3). P4P3 will take place in early May and the four day bike ride from Yeovil to the Galpharm is a challenge the Tandemettes are gearing up for!
The Keep It Up campaign raises funds for Yorkshire Air Ambulance and Huddersfield Town's Academy.
Click here to view.
Revell Ward Budget Seminar 2012 - Think Global, Act Local
23 March 2012
For a copy of the slides and the Tax Facts please click on the list below:
Annie Bradley - International Trade Adviser from UKTI
Andrew Burgess - Budget Update
Rhona Graham & Lesley Sutton - VAT & Tax Opportunities in 2012
Revell Ward Budget Tax Facts 2012 / 2013.
Tax Chat – hot topics
In this spirit of our weekly tax chat emails, our blog contains our thoughts and comments on the current hot topics in the world of tax.
Tax Chat - Increases to Stamp Duty – Beware!!
Budget 2012 saw changes made to Stamp Duty which will affect both ends of the housing market - that is, both first time buyers and those wishing to purchase larger properties. Specifically:
• The Stamp Duty holiday that was available on properties with a value of up to £250,000 has been removed; now the exemption from Stamp Duty only applies on properties up to £125,000.
• A new 7% charge has been introduced on properties with a value in excess of £2m.
• A new 15% charge has been introduced for the purchase of an interest in a single property in excess of £2m purchased through a company (an annual charge on companies with such residential properties is also to be introduced in April 13.)
For further information or to discuss, please contact Lesley Sutton on 01484 550037 or taxchat@revellward.co.uk
Tax Chat - R&D tax relief gets even better!!
Tax Chat - Monday 30 April 2012
The potential tax relief available in respect of Research and Development (‘R&D’) work has always been generous. However, amendments to the rules will now allow for even greater tax savings and make the relief accessible to more small companies:
For expenditure from 1 April 2012:
• Rate of R&D tax relief for small and medium companies (‘SMEs’) increases from 200% to 225%.
For accounting periods ending on or after
1 April 2012:
• The £10,000 de minimis of qualifying expenditure, required before relief is available, is removed.
• The limit on the credit available to SMEs based on PAYE and NIC liabilities will be removed.
So if you conduct any R&D activities contact us now to see if you could be saving tax!
For further information or to discuss, please contact Lesley Sutton on 01484 550037 or taxchat@revellward.co.uk
Tax Chat - Cap on unlimited income tax reliefs
Tax Chat - Monday 23 April 2012
Budget 2012 announced that from 6 April 2013 there will be limits on the amount of income tax relief individuals can claim in certain areas. As seen from the extensive press coverage, the main point of focus has been the proposed restriction to tax relief on charitable donations.
Whilst this initially feels like a very oppressive move from the Government, having looked at the cap to be applied and the reliefs excluded when applying the cap we believe that only a very few people will be caught by these rules. Also due to the negative press comment, we think it is highly likely that the impact of the proposed restriction on tax relief will be softened or limited throughout the consultation process.
Firstly the cap will apply only to reliefs which are currently unlimited and it will be set at 25 per cent of income or £50,000 (whichever is greater). The Government has made clear that the cap will not impact on the tax reclaimed by charities under the Gift Aid scheme.
The principal reliefs to be affected are loss reliefs that can be claimed against total income, qualifying loan interest relief and reliefs for charitable giving. However it has been stated that the following reliefs will not be affected:
- Losses carried back or forwards against profits of the same trade;
- Double taxation credits; and
- Reliefs already capped (including pension tax relief, EIS, SEIS and VCT reliefs).
A consultation document on the detail of the policy, including the implications for charitable giving, will be published in the summer with draft legislation published later in the year.
In anticipation of a possible cap coming in it may be worth considering the acceleration of charitable giving to this tax year if you believe an intended donation may exceed the cap if left until after 6 April 2013.
If you have any questions or would like to discuss further please contact Lesley Sutton on 01484 550 037 or taxchat@revellward.co.uk
Tax Chat - 12,000 penalty notices issued in error!!
HMRC have apologised for sending 12,000 penalty notices to people who have been taken out of the Self-Assessment process and who therefore were not required to file a tax return for the 10/11 period.
What is particularly frustrating about this incident is that the error has been inflicted on those who should not have been under Self-Assessment in the first place. These new rules were designed with the intention of streamlining the system and removing unnecessary administration for taxpayers and for HMRC. Instead, HMRC’s systems have failed again and some taxpayers will be shocked to find a hefty accumulated fine together with notice of a further daily fine landing in their post.
HMRC have however reassured taxpayers that in this case they have been removed from Self-Assessment and that this is just an error. These penalties will be cancelled.
If you have received such a penalty notice and believe it is not due, or if you would like to discuss whether you should be in Self-Assessment, please contact Lesley Sutton on 01484 550037 or taxchat@revellward.co.uk