Our main articles in this issue cover some of the changes to the 2016/17 GMS contract, announced in February 2016 as well as some updates on Annual Allowance and Lifetime Allowance Tax charges.
If you have any questions or for further information, please contact Jean Kelly.
As of 6 April 2016, all companies and and Limited Liability Partnerships (LLPs) will have to create and maintain a new public register. This will be a register of people with significant control (PSCs) over the company or partnership. Read our article to find out how your business will be affected.
Not a great deal at the moment, according to HSKS Greenhalgh Taxation Services Manager Des Pearson, who has prepared a brief summary of the detail that is known about the new system.
Derby Telegraph Business Awards: Finalists Announced!
Following a very difficult judging process, HSKS Greenhalgh are pleased to announce that the finalists for the Excellence in Science and Technology Award, which they are sponsoring at this year's Derby Telegraph Business Awards, have been decided.
Data Clarity Ltd, Mercuryavs Limited and Tracis plc are all in contention for the Award and the winner will be announced at the Awards Dinner on Thursday 9 June at The Roundhouse.
The Derby Telegraph Business Awards aim to celebrate success, recognise achievement and highlight the innovative people and companies in Derbyshire who are putting our region on the map by boosting the economy while making a positive contribution to the local community.
HSKS Greenhalgh sponsored a category for the first time last year, when Mackney Photography were the winners of the Creative Industries Award.
HSKS Greenhalgh Managing Director Kultaran Singh at last year's Derby Telegraph Business Awards with Creative Industries Category winner Mackney Photography
Commenting on HSKS Greenhalgh's involvement, Managing Director Kultaran Singh said: "Following on from our successful sponsorship of the Creative Industries category at last year's Awards, we are delighted to be involved again this year.
"At HSKS Greenhalgh our experience of working with growing businesses means we are acutely aware of the hard work, passion and determination that is required for them to achieve success and so we are always pleased to see that success publicly recognised.
"As sponsors of the Excellence in Science and Technology Awared, we are recognising those local businesses whose commitment to innovation and advancement has seen them become leaders in their respective field. We congratulate all the finalists and wish them good luck for the Awards evening".
The latest promotion at HSKS Greenhalgh sees another long-standing member of the team join the firm's Board.
Following on from tax specialist Martin Tomes' promotion at the beginning of the year, Martin Gadsby, who has been with the firm for almost ten years, has also become a Director.
Martin, 32, joined HSKS Greenhalgh in 2007 and became a Manager in 2008. During that time he has played a key role in the successful development of the firm's specialist agricultural team.
Television and radio presenter Nicki Chapman was the host as the Nottingham Philharmonic Orchestra (NPO) invited the audience to “A Night at the Movies!” at their annual Family Concert at Nottingham’s Royal Concert Hall on 30 January.
Sponsored by HSKS Greenhalgh Chartered Accountants and Business Advisors, the programme featured swashbuckling heroes from Raiders of the Lost Ark, Star Wars and the Magnificent Seven, villainous goings-on in Murder on the Orient Express, the simple beauty of John Barry’s theme for Born Free and excerpts from Billy Elliott and Mary Poppins. Read more ...
Darth Vader and friends joined HSKS Greenhalgh Directors (from left to right): Michael Henshaw, Philip Handley, Gary Brockway, Colin Peacock and Martin Tomes and host Nicki Chapman at the Nottingham Philharmonic Orchestra Family Concert (Photo credit Ursula Kelly)
Having passed the 31 January tax return filing deadline and the 29 February superannuable pay certificate filing deadline, GP practices may have thought that they had fulfilled their annual reporting requirements for 2014/15.
However, Jean Kelly, GP specialist accountant at HSKS Greenhalgh is reminding GP practices that, as part of the 2015/16 GMS/PMS contract negotiations, practices are obliged to publish details of their 2014/15 NHS earnings on their websites by 31 March 2016.
The rules governing accounting standards are undergoing the biggest change in 30 years. And, while accountants have been bracing themselves for a potentially seismic change for a while now, many businesses could be forgiven for being unaware that anything was changing at all.
Read our practical guide to find out what is changing and how businesses should begin to get ready for the transition.
Our guide to VAT for beginners, including rates and schemes.
A guide to Capital Gains Tax and how to make the most of your exemptions.
Tax Credit Claims
Following a trial in 2013, Concentrix have been appointed to check tax credit claims and contact customers on behalf of HMRC making sure they have provided accurate and up-to-date information. Therefore if you are contacted by Concentrix, please be assured that this is a genuine HRMC initiative. For further information, you may wish to read HMRC's guide on 'Genuine HMRC Contact and Recognising Phishing Emails'.
To ensure you keep up to date with all the latest Tax news, visit our Taxation Services pages.
HSKS Greenhalgh Chartered Accountants and Business Advisors
Using the skills of our specialist teams of business advisory, taxation, audit and corporate finance professionals we are committed to offering the most constructive, relevant and high quality advice to all of our clients.