Advice and guides to help improve your finances !
35 Chequers Court, Brown Street, Salisbury, Wiltshire, SP1 2AS

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01722 336647

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Here To Help You

There are lots of reasons why people need advice from a financial adviser but there are also lots of different types of adviser, so it pays to know who to go to and when

Our Services

We can help you every step of the way.

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Our Community

Hugh-Davies in the community.

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Download our free App

This App provides you with important UK Tax rate information and dates for the current and previous year, get this app and you'll never be hunting for that tax card you've put in a 'safe place'. 

Businesses want answers on tax changes

Following the failure of Teresa May to win a majority at the election there is a lack of clarity as to which of the changes to the tax system will go ahead. Will there now be pressure to increase the tax on higher earners by either not increasing the higher rate threshold or otherwise changing the system to get a bit more tax out of higher earners? Will the reduction in the tax-free dividend allowance from £5,000 to £2,000 be re-introduced having been hastily withdrawn?

Ian Sheekey

 Ian Sheekey left Hugh Davies & Co to join Total Tax in Fordingbridge after more than twelve years. We are sorry to see him go but in some ways it may be beneficial to the firm. We are now a smaller firm, all working on the same floor of the office. This will be good for efficiency and client service.

Under the terms of our agreement I cannot act for his clients and he cannot act for mine. If this inconveniences some clients who still wish to be looked after in Salisbury there are arrangements in place for meetings and the drop off of records.

 

 

 

 

 

Chancellor to deliver Autumn Statement on 23 November

The Chancellor Philip Hammond will deliver his first Autumn Statement on Wednesday 23 November, it has been announced. The date was revealed in an appearance before the House of Lords Economic Affairs Committee. He said: ‘In the run-up to the Autumn Statement, I will be engaging with Britain’s business leaders and employee representatives through a series of industry round tables, meetings and visits.’

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Our Approach

We give you access to highly experienced professional expertise and use tried and trusted techniques combined with the most up to date business knowledge and practices to provide you with the best possible service - we want you to succeed.

“We choose to work with Hugh Davies & Co because we get a great deal more than just good accountancy services.”

Alex Hill, Vigo Limited

Latest News

2018 Budget

Wednesday, 05 December 2018

At Hugh Davies & Co we were primed for bad news - tax increases! After all the talk about extra money needed for the NHS and social care it felt like the ground had been laid, and that people were probably psychologically ready to accept some tax rises.

In the event there were no tax rises at all, apart from some indications about the tightening a number of rules for self-employed consultants and a proposed consultation on getting digital companies to pay some more tax.

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Making Tax Digital

Monday, 03 December 2018

Most VAT registered traders will be required to file their VAT returns using MTD-compliant software for VAT periods beginning on and after 1 April 2019. If your VATable turnover is likely to be over £85,000 for the year to 31 March 2019 it is crucial to understand this software issue.

If you already use accounting software to send your VAT return to HMRC automatically you are probably OK. But businesses with older versions of software will probably need to upgrade their package to be MTD-compliant.

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Trivial benefits – not so trivial

Monday, 26 November 2018

At this time of year I often get asked if bonuses can be given to staff without putting them through payroll. The answer, unfortunately, is no!

What I suggest is a very underused HMRC exemption known as 'trivial benefits'. You don't have to pay tax on a benefit for an employee if all of the following apply:

  • It costs you £50 or less to provide
  • It isn't cash or a cash voucher
  • It isn't a reward for their work or performance
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Contact Us

35 Chequers Court,
Brown Street,
Salisbury,
Wiltshire,
SP1 2AS

Telephone: 01722 336647
Fax: 01722 421799
Email: enquiries@hugh-davies.co.uk

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