Hollis Accounting Limited

Suzanne Graham joined the team in summer 2010 and is a Chartered Certified Accountant Suzanne became a partner in 2016

In July 2012 Anne-Marie MacLellan joined the firm and she is a member of the Association of Taxation Technicians Margaret Leeming joined us in March 2015 and has now qualified as a Chartered Accountant having done her training with us

Our clients are very important to us and we aim to ensure that all clients can be confident that their financial affairs are in good hands As part of the service, a full scoping meeting is held to ensure we understand the needs of our clients and can tailor our services to their requirements

To find out more about the scope of services we can provide go to our 'services' page

• our team benefits from a number of years experience with a
• background working within medium and large accounting firms,
• we will bring this expertise and
• quality of service to you
• at a reasonable cost

WE ARE CURRENTLY RECRUITING

• Payroll and Accounts Administrator role: https://uk
• indeed
• com/job/payroll-and-accounts-administrator-20f0e99b62e9e447 CAPITAL GAINS TAX (CGT) CHANGES The Chancellor announced, in his autumn statement 2022, that the Annual Exempt Amount (AEA) available for individuals each tax year will decrease from 6/4/23 The AEA (for individuals) will drop to £6,000 for 2023/24 tax year and then to £3,000 for 2024/25 onwards The AEA is the annual tax free allowance towards any capital gains

HMRC introduced several changes to Capital Gains Tax (CGT) regime, specifically in relation to properties, from 6 April 2020, which include:

• 60 day reporting & payment window (note 30 day window if sale completed pre 27/10/2021)
• abolition of letting relief
• 50% reduction in deemed own home relief (PPR) MAKING TAX DIGITAL (MTD) MTD ITSA - Making Tax Digitial is also being introduced for income tax from 6 April 2026 This will impact sole traders, partnerships and landlords as it is relevant for business &/or property income over £10,000 MTD of Income Tax Self Assessment (ITSA) will change how you report your income to HMRC as it will involve providing digital quarterly updates to HMRC As with MTD for VAT we are fully aware of the requirements & will be contacting you nearer the time, once all the requirements have been finalised by HMRC (as its introduction has been delayed a number of times), to explain what is required and what action needs to be taken to meet these requirements

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