Haines Watts Launceston

Haines Watts Launceston Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Haines Watts Launceston, Accountant, 9 Western Road, Launceston.

If you’re looking to take your business to the next level, it’s important to work with advisers who share your entrepreneurial spirit and can provide you the support you deserve.

Change is coming! We're not changing what we do, how we do it or where we do it, but you'll need to re-follow us on a di...
30/03/2026

Change is coming!

We're not changing what we do, how we do it or where we do it, but you'll need to re-follow us on a different page - very soon!!

👀Watch this space for more details 👀

Well done to Christo Wrey, who has successfully completed his Level 3 AAT Diploma in Accounting, achieving an overall sc...
23/03/2026

Well done to Christo Wrey, who has successfully completed his Level 3 AAT Diploma in Accounting, achieving an overall score of 75%.

Christo’s hard work continues to pay off as he balances his studies alongside getting practical experience in his everyday work for our clients.

So, what’s next for Christo? The Professional Accounting Technician, Level 4 apprenticeship, of course! With little time to relax, Christo will continue his apprenticeship training with Accountancy Learning, with the view to becoming a qualified accounting technician in the next year or so.

Good luck Christo!

Employers - big changes are coming that affect how you calculate Statutory Sick Pay (SSP) for eligible employees. Here’s...
17/03/2026

Employers - big changes are coming that affect how you calculate Statutory Sick Pay (SSP) for eligible employees.

Here’s a quick overview of the changes which come into effect from 6 April 2026:

1. SSP WILL BE PAYABLE FROM DAY ONE
The current rules (until 5 April 2026) state SSP is payable from the 4th consecutive day of sickness absence. The first 3 days are “waiting days” and are unpaid.

From 6 April, SSP will be payable from the first day of sickness absence.

2. THE LOWER EARNINGS LIMIT IS BEING REMOVED
At the moment, employees must earn at least the Lower Earnings Limit (£125 per week) to qualify for SSP.

From 6 April, the earnings threshold will be removed and SSP will be available to all eligible employees (see below) regardless of earnings level.

3. A NEW APPROACH TO HOW SSP IS CALCULATED
The current approach states that SSP is a flat weekly rate of £118.75 per week.

From 6 April 2026 and for the 2026-27 tax year, SSP will be the lower of:

- 80% of the employee’s average weekly earnings, or
- The statutory weekly rate of £123.25 for 2026–27.

Average weekly earnings will typically be calculated using the 8 weeks prior to the sickness absence.

However, employees who earn between £123.25 and £154.06 per week may be slightly worse off under the new SSP rules.

ELIGIBLE EMPLOYEES
Employees are eligible to claim SSP only if they meet all of the following conditions:

- They have carried out work for their employer.
- They are paid through PAYE.
- They notify their employer of their illness within the required timeframe (either the employer’s deadline or within 7 days).

Individuals who pay their tax through self assessment are not entitled to SSP.

Employers must ensure their payroll software has been updated to reflect these changes. Likewise, if you outsource your payroll to a third party, you should confirm that they will implement the new SSP rules from 6 April when calculating your employees’ pay.

If you have questions relating to these SSP changes, please contact Sarah Gibbs, our Payroll Manager, at 01837 333005.

We provide an outsourced payroll bureau to clients who also use our tax and accounting requirements.

The start of Making Tax Digital for Income Tax in April will require the affected taxpayers (sole traders and landlords ...
06/03/2026

The start of Making Tax Digital for Income Tax in April will require the affected taxpayers (sole traders and landlords earning £50k or more a year) to start keeping and submitting digital records of their business finances.

However, getting on top of your bookkeeping is a sensible thing to do, regardless of the size of your business.

If you're looking at your bookkeeping options, here are some key things you need to know:

1) You will need to keep accurate records in a spreadsheet or accounts package, which detail all your income and expenses. The software you use must be MTD compatible. You will need to keep copies of all your invoices and receipts for at least 5 years.

2) It is best to have a separate bank account for all your business transactions, so it is clear for your accountant and HMRC to see what your business expenses are.

3) Ideally, spend time each week doing your bookkeeping. Getting into the habit of doing this once a week will ensure you're on top of your finances and have a clearer picture of how your business is performing. You'll also find it saves you a lot of time compared with trying to pull everything together once a year for your tax return.

4) If your bookkeeping is accurate and up to date, you will have a better handle on how much tax will be due, thereby avoiding any nasty surprises in January each year.

If you would like help setting up your bookkeeping system, or you would like to outsource this, we'd be happy to discuss your options.

Key tax deadlines every SME business owner should have in their diary.While tax deadlines might not be the most exciting...
24/02/2026

Key tax deadlines every SME business owner should have in their diary.

While tax deadlines might not be the most exciting part of running a business, missing one can result in penalties, interest charges and unnecessary stress.

We’ve put together a list of the key UK tax deadlines every business owner should note in their diary.

You can read the article here: https://bit.ly/4qXPUPR

Employers, don't forget, the National Living Wage and National Minimum Wage rates go up from 1 April 2026.The new hourly...
17/02/2026

Employers, don't forget, the National Living Wage and National Minimum Wage rates go up from 1 April 2026.

The new hourly rates will be:

🔴 National living wage - 21 yrs and over - £12.71
🔴 18-20 year old minimum wage - £10.85
🔴 16-17 year old minimum wage - £8.00
🔴 Apprentice minimum wage - £8.00

If you employ staff on the national living or national minimum wage rates, don't forget to increase your wage budgets and make sure your payroll software is updated accordingly from 1 April.

If we can help, please get in touch.

Are you a sole trader who is VAT registered?If so, and your annual gross income is £50,000 or above, in addition to comp...
13/02/2026

Are you a sole trader who is VAT registered?

If so, and your annual gross income is £50,000 or above, in addition to complying with Making Tax Digital (MTD) for VAT, from April, you will also have to comply with MTD for Income Tax.

Even though you submit quarterly income and expense data for MTD for VAT, the rules surrounding MTD for Income Tax require you to make separate quarterly digital submissions to HMRC's MTD for Income Tax portal.

To comply with MTD for Income Tax you will also need to use relevant HMRC recognised software.

We can explain the new regulations and what you need to do. Please call us on 01566 777189 or email [email protected].

Read our Guide to MTD for Income Tax here: https://www.hwca.com/accountants-launceston/opinion/mtd-a-guide-to-making-tax-digital-for-income-tax/

Are you getting proactive, helpful advice from your accountant, or just the basics? At Haines Watts, we do more than cru...
06/02/2026

Are you getting proactive, helpful advice from your accountant, or just the basics?

At Haines Watts, we do more than crunch the numbers. We partner with ambitious business owners to help them grow, stay tax-efficient, and make confident decisions.

Working with farms and businesses across Devon, Cornwall and beyond, our expert team offers tailored advice that actually moves your business forward.

Get in touch today to book your free, no-obligation consultation and see how the right support can make a real difference.

Call 01566 777189 or email [email protected] to arrange your free consultation.

Visit https://www.hwca.com/accountants-launceston/ to learn more about our services and read real-life case studies from many of our clients.

Attention all farming households! The Royal Agricultural Benevolent Institution (RABI) are offering grants of £400 per h...
30/01/2026

Attention all farming households!

The Royal Agricultural Benevolent Institution (RABI) are offering grants of £400 per household to farming people.

Phase 2 of their Winter Grant Scheme opens on Monday 2 February at midday, where another 1,000 grants will be available.

Click on the link to see how to apply: https://rabi.org.uk/wintergrant/

Address

9 Western Road
Launceston
PL157AR

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