Northover & Co

Northover & Co Chartered Accountants advising a wide ranging portfolio of clients dealing with all aspects of accountancy, taxation, and general financial services advice

For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant tax relief. Introduced ...
27/12/2024

For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant tax relief. Introduced in 2002 and simplified in 2017, this exemption allows qualifying gains on share disposals to go untaxed—provided key conditions are met.

Northover & Co

Reclaiming VAT on company cars isn’t as simple as it sounds. Generally, businesses can’t recover VAT unless the car is u...
26/12/2024

Reclaiming VAT on company cars isn’t as simple as it sounds. Generally, businesses can’t recover VAT unless the car is used exclusively for business purposes. But there are exceptions—like taxis, driving schools, and commercial vehicles. Here’s what you need to know.

Northover & Co

Navigating tax obligations can be daunting for small business owners and sole traders. To make life easier, HMRC has int...
25/12/2024

Navigating tax obligations can be daunting for small business owners and sole traders. To make life easier, HMRC has introduced new interactive tools, including a Sole Trader Setup Guide and VAT Registration Estimator, helping businesses understand taxes step by step.

Northover & Co

Can’t pay your tax bill in full by 31 January 2025? HMRC’s online Time to Pay system lets self-assessment taxpayers spre...
24/12/2024

Can’t pay your tax bill in full by 31 January 2025? HMRC’s online Time to Pay system lets self-assessment taxpayers spread the cost over monthly instalments. With plans available for tax bills up to £30,000, this flexible option can help you avoid late payment penalties.

Northover & Co

Navigating VAT in the construction industry can feel like untangling scaffolding. Enter the VAT reverse charge—special r...
23/12/2024

Navigating VAT in the construction industry can feel like untangling scaffolding. Enter the VAT reverse charge—special rules that mean sub-contractors no longer charge VAT on services but contractors handle the tax instead. Here's how it works and who it affects.

Northover & Co

Over one million parents have now claimed Child Benefit online or via the HMRC app, with 87% of new claims using this sp...
23/12/2024

Over one million parents have now claimed Child Benefit online or via the HMRC app, with 87% of new claims using this speedy service. If you've recently had a baby or a child joins your family, applying online ensures you get support quickly—right when you need it most.

Northover & Co

Could you save up to £1,260 in tax this year? If one of you earns less than £12,570, the Marriage Allowance lets couples...
20/12/2024

Could you save up to £1,260 in tax this year? If one of you earns less than £12,570, the Marriage Allowance lets couples transfer unused personal allowances. Don't miss out on this easy tax break!

Northover & Co

Married couples and civil partners may be able to pass on up to £1 million of their estate tax-free with the Residence N...
19/12/2024

Married couples and civil partners may be able to pass on up to £1 million of their estate tax-free with the Residence Nil Rate Band. Claiming this transferable allowance could secure your family home for future generations. Make sure your estate planning takes this into account.

Northover & Co

Scammers are on the rise as the Self-Assessment deadline nears! HMRC warns that HMRC never emails or texts about tax ref...
18/12/2024

Scammers are on the rise as the Self-Assessment deadline nears! HMRC warns that HMRC never emails or texts about tax refunds. Stay alert, report suspicious contacts, and protect your money from fraudsters.

Northover & Co

Selling online? From 2024, digital platforms must report your information to HMRC if sales exceed £1,700 or 30 goods a y...
17/12/2024

Selling online? From 2024, digital platforms must report your information to HMRC if sales exceed £1,700 or 30 goods a year. Casual sellers are exempt, but regular traders may need to register for Self-Assessment.

Northover & Co

From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With gen...
16/12/2024

From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With generous deductions and credits for R&D-intensive projects, the schemes offer tailored support to fuel innovation and drive growth.

Northover & Co

Scotland’s 2024 Budget delivers on public priorities with investments in services, poverty reduction, and economic growt...
16/12/2024

Scotland’s 2024 Budget delivers on public priorities with investments in services, poverty reduction, and economic growth. Tax rates stay frozen, but bands shift to protect low incomes. A hopeful step forward for Scotland’s future!

Northover & Co

Address

Northover House, 132A Bournemouth Road
Eastleigh
SO533AL

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+442380255520

Website

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