Local accountant joins call to scrap VAT on fire safety products

A SHROPSHIRE and POWYS accountant is urging the public to back a campaign to scrap VAT on fire safety products. Rob Ellis, Welch and Ellis Accounting in Oswestry, is throwing his support behind the Axe Safety Tax campaign, launched by company Gas Tag as he believes it is wrong to charge VAT on products designed Read More…

We’ve been featured in Magical Penny’s recent article on How Business Owners Are Preparing For Making Tax Digital

Valuing unquoted shares for tax purposes

When unquoted shares are involved, it is likely that HMRC’s share valuation division will negotiate an acceptable value with you. The approach will differ according to whether you are disposing of a majority or a minority shareholding.

Changes to the taxation of residential property

Individuals that own and let property are facing a number of changes to the way in which their rental income, and more importantly, the deductions they can make from their rents for income tax purposes, are changing.

They include:
1. An increase in the rent-a-room allowance.
2. The abolition of the wear and tear allowance if you let furnished residential property that is not part of a holiday lets business; and the introduction of a new replacement furniture relief.
3. The gradual restriction of higher rate income tax relief for finance costs.

Worried About The Budget Hype? – Accountant Will Advise For Free On Skype

A SHROPSHIRE and POWYS accountant is offering free advice sessions via Skype to help those living in remote rural communities who are concerned about the new budget changes.

Rob Ellis, Managing Partner of Welch and Ellis, which is based in Willow Street, Oswestry is offering free sessions to anyone who is interested, but is particularly keen to help those who live in remote and rural communities, or who may find it difficult to find time to visit an accountant for brief advice due to family or work commitments or health issues.

How the Oswestry Accountants Welch & Ellis logo was designed

An early break from the ‘Tax and Snacks’ formula in order to show this video from Jolly Good Causes – the agency responsible for the branding of Welch & Ellis, including this website and our great new logo. You can see how they came to the final design in the video below.

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