Chalmers News

Debbie’s Uganda Trip

July 31st, 2018

Debbie, one of our managers, is travelling to Rukungiri, Uganda, to support the work of Mission Direct. Mission Direct is a Christian charity based in the UK. They enable volunteers to participate in 2 week overseas mission trips in the some of the world’s poorest countries. Debbie and her fellow volunteers, including her daughter Molly, […]

*********************Great News**********************

April 24th, 2018

Chalmers are delighted to announce that Karen Williams has recently been appointed a Partner of the firm. Karen joined Chalmers as a manager in the Yeovil office in July 2000, having obtained a Certified Accountancy qualification in 1999, and therefore has an excellent knowledge of the business, the established client-base and the local area. In […]

Employment opportunity

April 5th, 2018

ACCOUNTS ASSISTANT An excellent opportunity for someone with experience of accounts preparation in practice to join our team. The role will involve preparation of annual accounts for a range of clients (corporate & non-corporate) as well as associated tax work. Knowledge of Farming clients, Xero and Sage Accounting software would be advantageous. Applications in writing […]

Christmas Closedown

December 19th, 2017

Our offices are closed for the Christmas period as follows:- Crewkerne Office The office will be closed from 5.00pm on Friday 22nd December 2017. The office will reopen at 8.30am on Tuesday 2nd January 2018. Langport Office The office will be closed from 2.00pm on Friday 22nd December 2017. The office will reopen at 8.30am […]

Tax Diary October/November 2017

October 3rd, 2017

1 October 2017 – Due date for Corporation Tax due for the year ended 31 December 2016. 19 October 2017 – PAYE and NIC deductions due for month ended 5 October 2017. (If you pay your tax electronically the due date is 22 October 2017.) 19 October 2017 – Filing deadline for the CIS300 monthly […]

Pay your VAT monthly

October 3rd, 2017

If you find it difficult to manage quarterly payments to HMRC to settle your VAT, why not consider the VAT Annual Accounting Scheme (AAS). With the AAS you: make nine payments on account towards your annual VAT bill – based on your last returns (or estimated if you’re new to VAT), and submit one VAT […]

Self-employed tax payments

October 3rd, 2017

Self-employed persons and other individuals who submit a self-assessment (SA) tax return should bear in mind that there are only three months until the electronic filing and payment deadline for 2016-17, 31 January 2018. If you have not filed the 2016-17 SA return yet, or at the very least crunched the numbers to work out […]

What are tax-free transfers for Inheritance Tax purposes

October 3rd, 2017

There are many reliefs for IHT purposes. They include: Business Property Relief – 100% relief for business assets including an interest in a business, a controlling interest comprising unquoted shares including AIM listed shares, and unlisted shares in a private company. Agricultural Property Relief – 100% relief (occasionally 50%) A controlling interest in a listed […]

Tax legislation

October 3rd, 2017

Readers may be forgiven for finding the recent rash of announcements by HMRC, regarding possible changes to tax legislation, rather confusing. On 8th September, we were informed that the remaining sections of the March 2017 finance bill, that were deferred due to the May election, were back in circulation and being dealt with by the […]

Self-employed and using your own car

October 3rd, 2017

There are two options if you use a car in your self-employed business for business and private purposes. You can buy the car through your business, claim a capital allowance, and write off the costs of running the car as a business expense, and in both instances, you will need to adjust your claims to […]

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