Red Leaf Accountancy News

  • Corona Virus (COVID-19) Support for Businesses

    These are testing times not just for people in general but business owners as well. We've set out what is available to businesses during this pandemic and we will continue to support your businesses and you in any way we can. The support from the government is set out below:

    1. Corona Virus job retention scheme
    2. Deferment of VAT and Income Tax payments
    3. Statutory Sick pay relief for SMEs
    4. 12 month Business Rate Holiday for all retail, hospitality and leisure businesses with property with a rateable value of between £15k - £51k
    5. Small Business Grant of £10k for every business that is in receipt of Small Business Rate Relief or Rural Rate Relief
    6. Grant funding of £25k for retail, hospitality and leisure business with property with a rateable value between £15k - £51k
    7. Corona Virus Business Interruption Loan Scheme offering loans up to £5m
    8. Bank of England lending facility for larger firms
    9. HMRC Time to pay scheme to be extended

    See more

  • Auto Enrolment Pension Increases for April 2019

    Auto Enrolment Pension Contribution Increase in April 2019

    Auto enrolment pension contributions will increase with effect from 6th April 2019.

    What are the increases?

    The amount you and your staff pay into the pension scheme will vary depending which type of scheme you have chosen. You can normally find this information from your pension provider. For 2018/19 tax year total minimum contribution was 5%, this will increase to 8% in total.

    Date Employer Minimum Contribution Staff Contribution Total Minimum Contribution
    Current rate 2% 3% 5%
    6th April 2019 3% 5% 8%


    Who does this affect?

    All employers with employees that pay into your pension scheme. You will need to make sure that you are paying the minimum pension contributions as stated above.

    If you would like more information on the minimum pension contribution increase please see the pension regulator website.

  • Making Tax Digital - MTD

    Making Tax Digital from April 2019 it will now be mandatory for businesses to use digital software for VAT. This will only apply for businesses that have a turnover of over £85k per annum anything below this won't need to comply with the new regulation.

    To comply with this you will need software will be compatible with MTD like Xero and Free Agent. It will be initially for VAT but then rolled out for other taxes in April 2020.

    If you need help deciding which software is most suitable for your business please contact us.

  • New Minimum Wage

    The New minimum wage increase are in effect on the 1st October 2016. The minimum wage increases will affect any worker under 25.

    LPC Chair David Norgrove said:

    Continue reading

  • The Only Way is up!!

    Red Leaf Accountancy has recently employed to new members of staff Stephanie Baines and West Miller. Stephanie has joined the team just this month as an assistant accountant. Continue reading

5 Item(s)

Red Leaf Accountancy has been the perfect find for all our accounting needs, including ongoing business advice and support. I can now see that I was missing some valuable advice as we rarely sat at the table with our previous accountants to discuss business needs.

Paul Evans - Director of Passfm Limited

After hearing about your work with other companies and individuals I had no hesitation in asking you to work on my tax returns. You took control in an extremely efficient and professional manner saving me a great deal of money. You are an excellent accountant but above all an absolute pleasure to deal with.

Bryan McCourt - Director of Premier Legal Assist

I certainly needed advice, to make sure that I am tax efficient and compliant with all the regulations. Jonathan quickly advised me on the best approach to take, and when I engaged Jonathan took charge of the problem so I could get on with the parts of my business that I excel at. I can heartily recommend Jonathan and Red Leaf Accountancy to give you and your business peace of mind.

Dr Hugo Minney - Director of The Social Return Co