by David Jones | Oct 21, 2021 | Business Tax
All businesses are taxed on their profits which are essentially, sales less allowable expenses. Revenue costs, better known as trading expenses, can be claimed in full in the year of expenditure. However, if a business purchases an item that will have a lasting...
by David Jones | Oct 14, 2021 | Business Tax, Opinion, VAT
Rishi Sunak, complete with his little red box and a compulsory glass of whisky, will be standing up in the House of Commons on 27th October to deliver this year’s budget. What will he say? No one outside of the Downing Street bubble has a clue, but given the havoc...
by David Jones | Oct 7, 2021 | Comments on Global News, Corona Virus, Personal Finance
The government has just announced that there will be no more restrictions on most winding-up petitions, but what does this mean for individuals and businesses? In recent times, the looming deadline on restrictions on serving statutory demands and presenting winding up...
by David Jones | Sep 30, 2021 | Corona Virus, Payroll Services, Self Assessment, VAT
It has been over 12 months since I posted the last of a series of blogs on the effects of the coronavirus on businesses and individuals. However, recently I’ve had quite a number of questions sent in that are Covid-19 related and today I will share a few of them...
by David Jones | Sep 23, 2021 | Personal Finance, Self Assessment
I have received quite a number of emails and phone enquiries in recent weeks, because of the impending introduction of MTD (Making Tax Digital) for landlords. HMRC are in the process of making changes to the rules governing individuals who receive income from renting...
by David Jones | Sep 16, 2021 | VAT
With all of the hullabaloo over Boris’s National Insurance levy, many of you may have missed the announcement of changes in VAT rates, with most sales by the hospitality industry set to carry 12.5% VAT from 1st October 2021. Which beggars the question: can your...
by David Jones | Sep 9, 2021 | Corona Virus
On Tuesday Prime Minister Boris Johnson announced a 1.25% increase in National Insurance from April 2022 to stem the post-Covid health and social care crisis, together with a similar rise in the tax on dividends. He was then accused of breaking a manifesto promise not...
by David Jones | Sep 2, 2021 | Pension, Personal Tax Planning
Buried in the news reports in recent months, especially with the pandemic and the Afghanistan debacle grabbing most of the headlines, was the revelation that many older married women had suffered from underpaid state pensions. And whilst this wrong is slowly being...
by David Jones | Aug 26, 2021 | Comments on Global News, Opinion
The planet is getting hotter and extreme weather events are increasing; with human actions clearly being responsible, a sobering new report from the UN’s climate change arm has warned. Efforts by businesses to limit or neutralise carbon emissions along with other...
by David Jones | Aug 19, 2021 | Self Assessment
In the last couple of weeks, HMRC have begun sending out the annual avalanche of P800’s to taxpayers up and down the land. If you are not familiar with the P800, it’s a tax calculation issued by HMRC if you have not paid the right amount at the end of the tax year. It...
David Jones is the Senior Partner and Founder of Morgan Jones & Company. Born in Liverpool and an Accountancy graduate of the University of Wolverhampton, David spent twenty years working for the Customs & Excise in London then Shrewsbury before starting his own business. David's depth of knowledge of the UK tax system and his ability to communicate this learning has seen Morgan Jones & Company grow into Shropshire's most respected Accountancy Practice. Email David