Wilkins Kennedy LLP | Wilkins Kennedy

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“To Cloud or Not To Cloud”

The Cloud is becoming a common term in business conversations, having been used since the 1990’s as a metaphor for the Internet. With all the media talking about it you may be wondering if your business should start using it, …

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Cloud accountancy

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Hertford accountants take on office move

Hertford’s largest accountancy firm, Wilkins Kennedy LLP, has announced the successful move to their new premises to accommodate the significant growth of the firm. The move took place on Monday 29thJune 2015 and was prompted by the continual and steady growth of the practice and the new, modernised, spacious offices face out on to Ware Road, which is a much better location than previously at Yeoman’s Court and easier to find for visiting customers. Despite the physical move to a new building, frequent visitors to Wilkins Kennedy need not update their address books – as the office address and phone number will remain exactly the same.

Tax Dates

6 July 2015

Annual returns for 2014-15 employee share schemes to be filed by this date

6 July 2015

Premiums on certain life assurance contracts to be paid by now if tax relief is to be obtained

31 July 2015

Income Tax self-assessment second payment on account for 2014-15

WK Tax Factor

Prompt Payment Discounts

From 1st April 2015 VAT law in connection with prompt payment discounts is changing. The changes will not only affect those businesses that offer prompt payment discounts to customers but also those who receive invoices offering a prompt payment discount.

The current VAT legislation is relatively simple with the amount of VAT declared on the invoice as well as the amount of VAT the recipient of the supply can treat as input tax being calculated on the discounted price.

The amount of VAT does not change even if the prompt payment discount is not taken up by the customer.  - See more 

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