Friday 7 May 2021 Update

I hope you have had a good bank holiday week.  It’s madness really as we tend to cram five days’ work into four. As we slowly move towards indoor dining, green light holiday destinations and a gradual return to offices, we thought it would be useful to share this excellent reminder of the various business support that is available.  Croner (terrible name for a business) provide us with technical support and our fee protection service.  Please do look at the attachment if you still need suppor...
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Friday 12 February 2021 Update

Thank Crunchie Its Friday The last two weeks have flown by and I have been jotting down ideas of things to put in my catch-up email.  It seems that there is so much happening in the world of tax and accounting aside from furlough, SEISS, CBILS & BBL’s, Time to pay etc. The Budget With much anticipation we will listen to The Chancellor on 3 March.  Rishi is likely to outline how he intends to repay the biggest borrowing position since WWII. There is much talk in the press about in...
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Monday 1 February 2021 Update

Is it really February? Accountants breathe a sigh of relief. I need to pinch myself this morning, can it really be February?  Well you only have to access HMRC’s website to check: HM Revenue & Customs Sorry, the service is unavailable You will be able to use the service later. It seems that taxpayers have broken the website attempting to pay their tax this morning. It was Tuesday last week, a matter of days before the filing deadline, that HMRC announced it was extending th...
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Friday 15 January 2021 Update

Welcome to 2021, the new year begins with Covid-19 continuing to dominate our lives.  I will break with tradition and start this update with Mostons news: We hope you received our Christmas card and enjoyed the light-hearted view of 2020.  Thank you to the clients and friends that let us know their thoughts and the positive feedback. Most of the team are currently working from home as required under the tighter restrictions.  This is working well, but we must ask for patience when dealin...
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Mostons Christmas Card

Personal Messages from the Team @ Mostons Despite the difficulties of 2020, I want to wish you a happy, healthy and Prosperous ’21.  Thank you for being part of the Mostons journey. Looking forward with optimism. Paul Wishing you all health and happiness this Christmas. Maria E x For Christmas this year, I will be holding a funeral for my pet turkey that unfortunately sacrificed itself on the 25 December. I will be inviting up to 30 of my family to mourn this sad loss. ...
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November 2020 Update

Wednesday 4 November 2020  When we wrote to you at the end of September, we were entering the second wave of increased Covid-19 cases and the Government had reacted with local lockdowns and other targeted measures.  These didn’t work as planned. We now find ourselves on the eve of lockdown 2.0 and business planning remains virtually impossible. This weekend’s announcement from The Chancellor, post Boris There were two major changes that we need to share: The replacement of the ...
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Friday 29 May 2020 Update

Paul I missed reaching out last week. The progress we are making as a country is slow and steady towards getting back to rebuilding confidence to get back to life as we expect it to be. I’m keen to express my gratitude to my team at Mostons. They have simply got on with new challenges set and adapted to difficult working circumstances. So this week this is about them, their words, my respect and love. So here is what they have been up to: Ellen I’ve had mixed feelings about lockdown....
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Friday 1 May 2020 General update

Friday 1 May 2020 – general update Good morning and welcome to May. BOUNCE-BACK LOANS On Monday the Chancellor announced that he would introduce loans that would be 100% backed by the Government. This is in response to criticism of the existing arrangements. This will be a simple two-page, on-line form and declaration and will offer sole traders, partnerships and Limited companies access to advances of £2,000 to £50,000. The amount is only restricted to 25% of your sales figure. So, ...
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Friday 17 April 2020 Update

Friday 17 April 2020 – general update Good morning and we hope that this latest communication from Mostons HQ finds you well and looking forward to a weekend.  In this last 4 day working week, a few things have developed, that are worthy of a mention. The most outstanding news item this week must be the efforts of Captain Tom Moore and his phenomenal fund-raising effort for NHS charities. a stunning amount of money raised and certainly more newsworthy than footballers pay cuts and Trump sa...
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Wednesday 8 April 2020 Update

Coronavirus Business Interruption Loan Scheme (CBILS) – Some Guidance  Wednesday 8 April 2020 – Please forgive the mid-week intrusion.  On 17 March The Chancellor Rishi Sunak said government-backed packages worth £330 billion will be made available to support the economy amid the coronavirus pandemic. He also said the "unprecedented package" could go further if demand is greater and vowed to do "whatever it takes" to help the economy.  £1 billion of this amount was to be used to create a n...
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Monday 6 April 2020 Update

Monday 6 April 2020 General update - Happy New Tax Year 2020/21. So today is the beginning of a new year for tax purposes.  The landscape of the year ahead has certainly been altered for everyone. At this point in the country’s economic progress we should have been looking forward with positivity with a New Government, a new year, Brexit out of the headlines and a March Budget setting the tone for the economy (we predict another later this year).  Then everything changed almost overnigh...
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Monday 30 March 2020 Update

Monday 30 March 2020 In the space of a weekend two main issues have become frontrunners for topics to address for clients this week’s email. In the same few days it’s been heartening to see three quarters of a million people step up to help others by volunteering to support the NHS. The topics that most clients are contacting us about are: Directors of Limited companies on basic pay and furloughing themselves, and Bank support through the Coronavirus Business Interruption Loan ...
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Friday 27 March 2020 Update

Friday 27 March 2020 In Monday’s update (23 March) I mentioned that the Self-employed had been widely overlooked in the business support measures being rolled out during this health and economic crisis. Last night this was addressed by the Chancellor and yet again it leads to questions from clients over whether they qualify for help. My simple interpretation of this is that The Government might as well have said “don’t call us, we’ll call you”. HMRC know who will qualify for this fina...
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Monday 23 March 2020 Update

Monday 23 March 2020   Mostons remain fully functioning, albeit with some remoteness from each other.  We are still able to offer support and guidance and if you do need to talk then please do give us a call.  Please remember though that this is a rapidly changing situation and we urge you to follow guidance given by the Government.   It is our aim to keep in touch by sending a weekly email to clients.  These emails cannot replace the on-line detail but may provide you with...
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Mostons Spring 2018 newsletter

Welcome to Mostons Spring 2018 newsletter, we hope you find this newsletter informative. This issue includes information on: Avoiding VAT Penalties and VAT on rewards for crowdfunding Gifts liable to IHT Checking your PAYE code for interest Annual tax on enveloped dwellings Spring 2018 Newsletter If you need any tax advice please call the office for an appointment on 020 8886 1884.
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Mostons Summer 2017 Newsletter

Welcome to Mostons Summer 2017 newsletter, we hope you find this newsletter informative. This issue includes information on: PAYE Codes are changing Reclaiming the SDLT Supplement Making Tax Digital – not passed before Parliament Cash Basis – Individual landlords with annual turnover under £150,000 Summer 2017 Newsletter If you need any tax advice please call the office for an appointment on 020 8886 1884.
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Mostons Spring 2017 Newsletter

Welcome to Mostons Spring 2017 newsletter, we hope you find this newsletter informative. This issue includes information on: Making Tax Digital Long-term implications of child benefit VAT – How to de-register/Claim VAT on pre-registration costs/Flat Rate Changes National Minimum Wage (NMW) from 1 April Spring 2017 Newsletter Today is the last March budget and we are keeping a close eye on how these budget changes affect our clients. If you need any tax advice please cal...
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Mostons Autumn 2016 Quarterly Newsletter

Tax update and Newsletter
Welcome to Mostons Autumn 2016 quarterly newsletter.  This is our first newsletter where you can find out about tax updates and issues that may affect you or your business. This issue includes information on: Spreading dividend around the family Pensions lifetime allowance protection Landlords VAT flat rate scheme  Student loan deductions Issues with CIS mostons-autumn-2016-newsletter   We hope you find this newsletter informative.  Here at Mostons we feel it...
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HM Revenue & Customs 31st July Payment on account

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Your 31st July payment on account is now due.  This is your second payment on account towards your 2016/17 tax liability. ‘Payments on account’ are advance payments towards your tax bill (including Class 4 National Insurance if you’re self-employed). You have to make 2 payments on account every year unless: your last Self Assessment tax bill was less than £1,000 you’ve already paid more than 80% of all the tax you owe, eg through your tax code or because your bank has already deduc...
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