Taylor & Co Accountants

03/09/2024

Lovely looking gate and side panel installed in Bromsgrove this past week.

22/07/2024

⚽️ Run a business or company? Then look at sponsoring a home game this season!

2️⃣ options are outlined on the below page in our new commercial brochure!

For more info, email [email protected]

You can also find out more at tomorrow's sponsors showcase - send an email to the same address to secure your place!

14/07/2024

⚽🍻⚽🫣🙏

09/07/2024

The labour party have promised not to raise income tax, they will try to raise more money by investigating more small businesses and closing loop holes.

03/06/2024

Welcome to our new member of staff Steve

01/02/2024

Twenty years ago today Taylor and Co accountants was born, thank you to all our clients, past, present and future 🤓

22/12/2023

Merry Christmas to you all 🎅
Rebecca, Al and Sarah will be back 2nd Jan, ⛄

28/11/2023

Introducing our Matchday Sponsors for this weekend's game which is our first game of the Christmas and festive period and we're hoping for a right cracker

Thank you to Taylor and Co Accountants for sponsoring this game and if you are in need of any accountancy services whatever your circumstances, they are there for you. Taylor & Co work proactively together with you to maximise your financial and commercial potential. For all enquires or more details please contact direct or see their website for more details

www.taylorandco.org

22/11/2023

Copper Rose, offering floral cake bouquets and occasion cakes in Worcestershire

22/11/2023

We seriously have the best clients, thank you Copper Rose xx

11/11/2023

05/10/2023

Two bed house with garden available to rent from mid November, message [email protected] for details

03/08/2023

We have a large top floor office for rent at our offices from 1 October, email us for more information, [email protected]

05/07/2023

05/07/2023

Today we visited a care home in Kingsbridge Devon, lovely to see clients at work, podsmead care home

13/05/2023

Congratulations to Rebecca Wild on passing her AAT, she has worked so hard and we are really proud of her. 😁

16/04/2023

The Swallow Man of the Match award and winner goes to Bromsgrove Sporting's Number 6, Player / Manager - Michael McGrath. Mike is sponsored by Taylor & Co Accountants.

Michael was presented his award by DC Base who were today's Match Day and Match Ball Sponsors

06/04/2023

Happy new tax year 🤓

14/02/2023

We have been busy applying for Vat registrations 🤓. Don't forget if your turnover is over £85,000 in a rolling 12 month period you need to let us know ASAP 👍

14/02/2023

Check out our new website

Specialists in SME AccountingTaylor & Co Accountants provides you with a personal service of the highest quality. We aim to take care of your every need with our full range of specialist services and expertise. Taylor & Co Accountants provides you with a personal service of the highest quality. We a...

30/01/2023

Tomorrow is the last day to get 21/22 tax returns filed before penalties 😭 and the day to pay your 21/22 tax 🤓

23/12/2022

Thank you for all the presents and cards, see you all in the new year 🎅🎄🤓🥳

19/12/2022

Best Christmas present for Accountants and small businesses

Statement
Across the globe, digitalisation of tax is increasingly the norm. Modernisation of UK businesses and the tax system remains of crucial importance to the UK.

Making Tax Digital (MTD) for VAT is already demonstrating the benefits to businesses that digital ways of working can bring.

MTD for Income Tax Self-Assessment (ITSA) will follow, with businesses, self-employed individuals, and landlords keeping digital records and using MTD-compatible software to submit updates to HM Revenue and Customs.

The government understands businesses and self-employed individuals are currently facing a challenging economic environment, and that the transition to MTD for ITSA represents a significant change for taxpayers, their agents, and for HMRC.

That means it is right to take the time needed to work together to maximise those benefits of MTD for small business by implementing gradually.

The government is therefore announcing more time to prepare, so that all businesses, self-employed individuals, and landlords within scope of MTD for Income Tax, but particularly those with the smallest incomes, can adapt to the new ways of working.

The mandation of MTD for ITSA will now be introduced from April 2026, with businesses, self-employed individuals, and landlords with income over £50,000 mandated to join first.

Those with income over £30,000 will be mandated from April 2027.

The government will now review the needs of smaller businesses, and particularly those under the £30,000 threshold. This will look in detail at whether and how the MTD for ITSA service can be shaped to meet the needs of smaller businesses and the best way for them to fulfil their Income Tax obligations. Once that review is complete - and in consultation with businesses, taxpayers, agents, and others - the government will lay out the plans for any further mandation of MTD for ITSA.

Following the phased approach, the government will not extend MTD for ITSA to general partnerships in 2025. It remains committed to introducing MTD for ITSA to partnerships at a later date.

The new penalty system, harmonising late submission and late payment penalties for Income Tax Self-Assessment with those for VAT, will come into effect for taxpayers when they become mandated to join MTD. This makes penalties fairer and simpler for taxpayers. The government will introduce the new penalty system for Income Tax Self-Assessment taxpayers outside the scope of MTD after its introduction for MTD taxpayers.

The government anticipates that most taxpayers within the scope of MTD for ITSA will be able to sign-up voluntarily before they are mandated to do so. HMRC will keep this under review to ensure all taxpayers using the MTD for ITSA service receive a high-quality service.

19/12/2022

Merry Christmas to you all 🥳🥂🎅🎄

19/12/2022

It's our last week at work and we will finish at 4pm on Friday, any 21/22 outstanding tax return paperwork needs to be at the office by then 🤓.

17/04/2022

29/03/2022

A heads-up that the VAT rate for the Hospitality sector increases from 12.5% to 20% on 01 April 2022

24/03/2022

The Chancellor made his annual Spring Statement speech today where he set out the Government’s tax plan to support the UK economy, businesses and families in both the short and the medium term.
Key measures the Chancellor announced as part of the plan include:
• ‌‌‌an increase to the National Insurance Primary Threshold for Class 1 NICs and the Lower Profits Limit for Class 4 NICs from 6‌‌‌ ‌July 2022, aligning it with the equivalent income tax personal allowance which is set at £12,570 per annum
• from April‌‌‌ ‌‌2022, self-employed individuals with profits between the Small Profits Threshold (SPT) and the Lower Profit Limit will not pay Class 2 NICs, while allowing individuals to be able to continue to build National Insurance credits
• the Employment Allowance will be increased by £1,000 from 6‌‌‌ ‌‌April 2022 to £5,000, which will benefit around 495,000 businesses
• an immediate reduction in duty on diesel and petrol from‌‌‌ ‌‌6pm on 23‌‌‌ ‌‌March 2022, by 5 pence per litre, for 12 months.
The full detail on all the measures, some of which are subject to parliamentary approval, can be found on GOV.UK