Would you like a tax efficient way to give little perks to your employee’s? (or even yourself!)
Employers are allowed to provide “trivial benefits”, without having to report them on a P11D, and without having to pay any tax or national insurance on the cost. In fact, the expense is tax deductible for the employer, and you may be able to recover the VAT.
So what sort of things could you give?
Store gift cards
What are the conditions?
The trivial benefit must cost £50 (incl. VAT) or less
The benefit cannot be cash or a cash voucher
The benefit cannot be a reward for performance
The benefit cannot be provided as a term of their contract
This “trivial benefit” rule also applies to the directors of a company, but please note for close companies there is a limit of £300 for each director each tax year.
These benefits aren’t just related to Christmas though, you can provide them to employee’s for any occasion… birthdays, anniversaries, or just because the sun is shining that day!
If you would like more information about this, please get in touch with us and we’ll be happy to help!
We have signed up for some great new software called “Receipt Bank” and we are offering it to all Wynne and Co clients free of charge!
It’s a great tool to cut down your admin time, so you have more time for the things that really matter to you. Simply take a photo of your receipt, email it, scan it, or pull it down from the supplier, and it will upload the information straight in to Xero for you. It really is that simple!
We can provide complete Xero and Receipt Bank training, as well as ongoing support, so if this has peaked your interest – please get in touch to find out more.
The office is manned full time by the same dedicated team who look after you in our Carmarthen office, rotating throughout the week, to make sure you have the same experienced staff, no matter which office you visit.
The office is open Monday – Friday, 9am – 5pm and our new address is:
We had some great news at Wynne and Co HQ on Friday when after three years of hard graft Amy had the results of her finals and she passed them all first time!!!
A huge congratulations to Amy on this achievement – with a little paperwork left to be done she should be a fully qualified Chartered Accountant before we know it!! We all enjoyed helping her celebrate and shed tears of pride after seeing all her hard work pay off.
After a well deserved holiday Amy will start properly developing her skills, working with clients in Carmarthen office on Mondays, Tuesdays and Fridays and Cross Hands on Wednesdays and Thursdays.
I’m extremely proud to say I’ve made the shortlist for the Chwarae Teg Womenspire 2017 Award for Women in Business/Enterprise!
The category is for women who have setup a business and in their words “bucked the trend” with regards scale and who also promote other women in business in Wales.
Anyone who has met me will already know that I believe the sky is the limit and I am doing my best to prove that women can have a successful business whilst also having a great family life and being totally committed to, and there for their children. You DO NOT have to chose between the two!
Do you know a women with a business idea?
Do you know a women who has a business idea but doesn’t know how to get started? Or who wants to grow their business? If so get them to ring me on 07811 394558 or email me email@example.com. I’d be happy to hear their idea and give any support I can.
Wondering where the future will take you?
Me too! Could this be the face of the future of Wynne and Co?
One thing’s for sure my future will always involve helping people develop themselves and their businesses, whether its be giving financial/business advice, helping minimise their tax bills or just giving plain old moral support when cash flow is giving them sleepless nights or staff aren’t performing as well as they should.
I repeatedly hear the same issues and challenges from my clients and friends in business – you are not alone and if you think I have all of this sorted in my own company then you are mistaken. At Wynne and Co we can work with you, becoming an extension to your team to help you through these struggles. Contact me if you want to grab a coffee and discuss how: firstname.lastname@example.org
Don’t have anyone to look after the kids whilst you come for a meeting with us?
So bring them with you!
Both Catrin and I have kids and are well used to the fun that is trying to have a conversation with the kids in the background. We even have some toys to keep them occupied in the office.
A huge thank you to those who have supported me and to the ladies who I know nominated me for this award. I will let you know how I get on.
I’m pleased to announce that Wynne and Co won the 2017 Carms Means Biz award for Business and Professional Services! I find it difficult to find the words to truly express how proud I am of the Wynne and Co team right now and how excited I am about our plans for the forthcoming year and beyond.
2016 – What a year?!
2016 brought about a substantial change for us when we moved to Forestry House. At first we felt somewhat lost in the huge building and we missed the Coracle Coaches team with whom we had shared our previous home. Both businesses had grown substantially and needed additional office space. We have been surprised how quickly we have grown into the building. We took on two new members of staff including a PA for me enabling me to spend more time with clients and ensuring that they have a point of contact at all times in office hours.
What does the future hold for Wynne & Co?
We are currently ensuring that all our clients comply with the huge changes in UK GAAP and understand the effect of the Chancellors changes to the taxation of dividends. I won’t bore you to death on this – if you want more information feel free to drop me an email.
We are actively working towards the introduction of Making Tax Digital (MTD), which at present will be brought in for unincorporated business with a turnover over £85,000 from April 2018. Watch out for our email updates on this with more information shortly. If however you want to discuss this now, then again feel free to drop me an email. We were very pleased after a recent routine inspection to be told we are way ahead of other firms on preparation for this.
We are Xero Certified Partners and are actively promoting the use of the software. It is both affordable and simple to use. We charge £60 plus VAT her hour for training and pride ourselves in our ability to get clients “up and running” in an hour and a half.
Clients using the software can generally save money on their year end accounts fees. Bad news for Wynne and co right??? WRONG! If you save money on your fees, you tell people and we get more clients!
Wynne & Co. is a trading name of Wynne & Co. Limited, a company registered in England & Wales. Company No. 08285594 Registered Office: Wynne and Co., Forestry House, Brewery Road, Carmarthen, Dyfed, SA31 1TF