Individuals and businesses are being warned to watch out for cold calls and online contact from fraudsters who are offering victims the opportunity to apply for Government grants for an advance fee. To make the grants look legitimate fraudsters have set up bogus companies and convincing looking websites that claim to be operating on behalfRead More
Rise in Interest Rates Last Week for the first time in more than 10 years, the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 and according to Mark Carney, the Bank of England Governor, it is likely toRead More
A business should register for VAT if their ‘Taxable Supplies’ over the past 12 months have exceeded the VAT registration threshold. From April 2017, the VAT registration threshold has been £85,000. Therefore, if at the end of any month, the total value of all the taxable supplies over the previous 12 months is greaterRead More
Problems with online HMRC tax systems? Taxpayers that are working on their current tax returns and found that they cannot use the HMRC software correctly because of problems within the system. HMRC has spoken to software producers about revising tax calculations to combat the problems with the online filing of tax returns. Which is expectedRead More
Merranti Accounting is now a Platinum Pro-Advisor Partner with QuickBooks What this means for our clients If our clients were to have any queries regarding QuickBooks or its software, then they would be able to get help from our own dedicated account manager. As we have direct contact with this person, we can call orRead More
We are now in Reigate! Merranti Accounting are proud to announce, that we are opening a new branch in Reigate, just a short walk from the train station. Our branch manager is Charles Sutton-Smith, who is an ACCA qualified accountant that has been a lifelong member of the Reigate and Banstead community and he isRead More
As of the 1st April 2016 all employers will be required, by law, to pay all of their employees over the age of 25 (that are not in the first year of an apprenticeship) a minimum of £7.20 per hour. Anyone employed under the age of 25 will need to be earning their age appropriate minimum
Buy to Let Interest Relief: Currently, this is just a ‘Policy Paper’ but the plan is to restrict individuals on claiming mortgage interest as a cost against their property investment income, for individuals it will work as follows: 2017/18 75% of the interest can be claimed in full and 25% will get relief at 20%Read More
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