Coronavirus News

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Please read the articles below for our latest updates.

🔊 Government has made a U-turn on double-cab pick up taxation 🔊

Last week HMRC announced that the tax treatment of double cab pickups was to change and that they would no longer be treated as commercial vehicles for companies that owned or leased them. This would of had massive benefit in kind tax implications. On Monday 19th February HMRC announced that its existing guidance will…

Annual Tax on Enveloped Dwellings 🏠

The tax world doesn’t stop turning at the end of the financial year. For owners of limited companies which own high-value residential property over £500,000, another deadline is fast approaching on 30 April – to submit Annual Tax on Enveloped Dwellings (ATED) returns. If your company is subject to ATED but meets certain requirements,…

Save up to £252 with the Marriage Allowance

Each person has a tax-free allowance of £12,570 as standard unless you’re a high earner or claim certain other allowances. If you earn under this amount, you don’t have to pay tax on your income. However, if you earn a lot less than the £12,570 threshold, you won’t use your entire allowance – meaning…

What about your pension payments?

There is no hard and fast limit on how much you can pay into your pension each year – unless you want to benefit from tax reliefs. If you pay into a personal or stakeholder pension, your annual allowance, which resets every financial year on 6 April, allows you to make pension contributions without…

Thorne Widgery celebrates hat-trick at the 2024 Xero Awards

In an extraordinary display of innovation, Thorne Widgery has achieved a remarkable feat by being named a finalist in three prestigious categories at the Xero Awards 2024. The firm stands proudly amongst the top contenders for Mid-Sized Firm of the Year, Total Xero, and Innovative Partner of the Year at these prestigious industry awards,…

Thorne Widgery back vital hospice service with charity of the year selection

Advancing its mission to support the local community, Herefordshire and Shropshire accountancy firm, Thorne Widgery, has named St Michael’s Hospice as its chosen charity for 2024. Providing services to patients with a terminal illness and their families, the charity and has touched the lives of many people from its Hereford base and beyond. In…

XfE launches new website and app for schools across the country

The award-winning XfE software solution, which brings the cloud accounting power of Xero to academies, schools and colleges, has launched a new website and redeveloped its app. Designed from the ground up with educators in mind, this new development builds upon the original platform's success by creating a user-friendly experience that allows schools to…

Our chosen charity for 2024 – St Michael’s Hospice

We are very excited to announce our chosen charity that we will be supporting in 2024 is St Michael’s Hospice.💙 The charity is an independent charity that helps and support patients and their families living with a terminal illness. We are honoured to be part of helping to raise as much money as possible…

Are your accounting systems up to scratch?

You need to take steps now to make sure you are ready for Making Tax Digital To be compliant with the Making Tax Digital for Income Tax Self-Assessment rules, you must use ‘functional compatible software from the point of transaction through to the submissions made to HMRC to maintain ‘digital links’. The software must…

Self-Assessment deadline fast approaching: If you haven’t completed your tax return, please do so now

With the deadline for Self-Assessment tax returns fast approaching, your financial affairs must be in order. This is a crucial time for many, as completing a tax return is essential for those who are self-employed, receive additional income not taxed at source, or have complex tax situations. It's important to remember that the Self-Assessment…
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