Accountants in Kent

Phebys Accountants Opens New Office in Kent

16th April 2018

Phebys Accountants has just opened a new office in Maidstone, Kent It is with great pleasure that Phebys Accountants is able to announce the opening of its new offices in Maidstone, Kent. Despite being originally based in Cambridgeshire, Phebys Accountants has gained a substantial client base in Kent over the years. To this end, we…

R&D Tax Credits

Has Your Accountant Told You About R&D Tax Credits?

28th March 2018

What are R&D tax credits? R&D tax credits appear to be one of the most untapped tax-saving tricks around. R&D stands for “research and development”, and generally encompasses any investment into the development of new products, processes, services or technologies; or the enhancement of existing ones. In 2000, the government introduced a tax relief scheme…

Accountants in Huntingdon

An Accountant’s Breakdown of the Spring Statement

15th March 2018

The Spring Statement: An Accountant’s Perspective It seems like just yesterday that we wrote our Accountant’s Breakdown of the Autumn Budget and, yet, here we are again. The Chancellor, Phillip Hammond, delivered his first Spring Statement this week. A lot was covered, and to some people these announcements can seem confusing and it’s hard to…

Accountants in Huntingdon

Phebys Accountants is Throwing a Summer BBQ at its Huntingdon Office!

6th March 2018

Phebys Accountants Throws Summer BBQ at Huntingdon Office Phebys Accountants is pleased to invite you all to an exciting Summer barbecue at its Huntingdon office! The barbecue will take place outside our Woolley Office at 4pm on 21st June 2018. Absolutely anyone who wishes to attend is more than welcome to. Plus, it’s totally free!…

Minimum wage errors

Common Minimum Wage Errors

21st February 2018

It’s not uncommon, for a number of reasons, for minimum wage to be miscalculated, which leads to firms underpaying their employees. This is, of course, something that they can be severely reprimanded for. To some extent, payroll software such as Xero can smooth out the kinks, but some level of human oversight, maybe from an…

HMRC support

New HMRC Support for Medium-Sized Companies

11th January 2018

New HMRC Support for Medium-Sized Companies HMRC has announced that it is extended the support it offers to medium-sized enterprises. “Medium-sized” refers, in this instance, to business with an annual turnover of £10 million or more, or with at least 20 employees. It is worth noting that a business need only meet with one of…

credit card

HMRC asks accountants to remind clients of credit card payment termination

10th January 2018

HMRC has urged accountants, both in Cambridgeshire and nationwide, to remind their clients that, as of 13th January 2018, it will no longer be possible to settle a self-assessment bill with a personal credit card. This comes as a response to the impending government ban on credit/debit card surcharges which is, in turn, a reaction…

Accountancy year ahead

Accountancy in 2018: Advice on the Year Ahead

1st January 2018

As 2017 draws to a close, we at Phebys Accountants are beginning to focus our minds on the year ahead, especially with reference to important accounting advice and information that will directly affect our clients. We have hand-picked a few key dates and changes that are worth taking note of as we head into a…

National Insurance Contributions

NIC Reform for the Self-Employed

21st November 2017

Big changes are on the way for the self-employed and their National Insurance contributions. As of 6th April 2018, class 2 NI contributions are to be abolished and class 4 contributions will be reformed. The existing contributions provide the means by which the self-employed earn an entitlement to the state pension and to certain contributory…

Interest rate

Forecasts show interest rate may not rise

31st October 2017

According to a forecast by the EY Item Club, a forecasting body, the Bank of England should refrain from interest rate rises rates next month. Bank governor Mark Carney, however, says that rates could still be expected to rise in the “relatively near term”, with many analysts still expecting the rate to be raised in…