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>Hannah Sheerin

About Hannah Sheerin

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So far Hannah Sheerin has created 41 blog entries.

What are Management Accounts, and Do I Need Them?

By | 2018-04-17T11:29:41+00:00 April 10th, 2018|

Simply put, Management Accounting provides regular, timely financial and statistical information to enable you to make informed business decisions. This is vital for all businesses, as it is used to drive performance, inform strategy, maximise profit and highlight issues. Depending on the size of your business, Management Accounts, should be prepared on a monthly or

Increases in Minimum Contributions for Automatic Enrolment Pensions

By | 2018-04-17T11:27:32+00:00 March 28th, 2018|

The total minimum contribution for automatic enrolment pensions increases from 2% to 5% of qualifying earnings on 6 April 2018, by law. This contribution will increase again on 6th April 2019 to a total minimum amount of 8%. As an employer you must ensure that you have increased the amount of their minimum contributions into their staff's automatic

We’ve been shortlisted!

By | 2018-03-12T14:59:52+00:00 March 12th, 2018|

Franks Accountants are proud to announce that we have been shortlisted for the Independent Firm of the Year Award in the Yorkshire Accountancy Awards 2018!   The Yorkshire Accountancy Awards were developed to celebrate the achievements and successes from the region’s best and brightest within the accountancy sector. We’re excited to have been shortlisted for

Tax Investigation Protection

By | 2018-03-07T12:38:58+00:00 February 21st, 2018|

When you’re with Franks Accountants, we want to make sure you’re protected from unwanted and often random HMRC enquiries. That’s why we offer Tax Investigation Protection cover for free through Abbey Tax to all our clients. This will protect you from the professional fees associated with a compliance check, and ensure you get the best

Bitcoin and the Tax Implications

By | 2018-03-12T15:25:15+00:00 February 9th, 2018|

Bitcoin is a new digital currency using peer-to-peer technology and no central authority or banks, otherwise known as a ‘cryptocurrency’. The bitcoin is currently trading at £7579.17 to 1BTC (February 2018), following a fall from £15,000 in December 2017. As the value of the bitcoin rises and falls, many are considering the tax implications of

Introduction of the Dividend Tax – Why your tax return may be higher than expected

By | 2018-03-12T15:25:31+00:00 January 29th, 2018|

If you noticed your tax return being a little higher this year, here may be the reason: Many company owners pay themselves in the form of dividends, rather than a salary. However, in 2016 a new regulation was introduced called the ‘Dividend Tax Allowance’ whereby only the first £5,000 of your dividend payment will be

Last Minute Tax Return Help

By | 2018-01-25T13:44:52+00:00 January 12th, 2018|

The deadline for your 2016-17 tax return assessment is now only a week away, on Wednesday 31st January 2018. As the paper deadline has already passed (October 2017), you must now submit your assessment online. Not doing so, will mean you incur a penalty, unless you have exceptional reasoning and proof (such as a hospital

We’ve Been Nominated!

By | 2017-12-18T12:27:44+00:00 December 18th, 2017|

At Franks Accountants, we are devoted to supporting our local community and helping it thrive, and each year we try to do even more. This year, after letting our Facebook friends choose the charities we'd be supporting, we've provided our accountancy services totally free to The Wetherby Lions, as well as, Autism Angels. Our charitable

Never get caught out by Spam emails

By | 2017-12-18T12:31:22+00:00 December 8th, 2017|

Make Sure You're Savvy About Spam Emails As we approach Christmas and the festive season malware infections increase, so we want to make sure all our clients, family and friends know how to check if our emails are genuine. Hackers can often impersonate a company, leading to unsuspecting people giving away payment information or contracting a

Autumn Budget 2017 – The Highlights

By | 2017-12-18T13:54:19+00:00 November 22nd, 2017|

When the Autumn Budget is released the amount of information provided can often be overwhelming. So here you'll find the important highlights that could affect your business: From April 2018, personal allowance will rise in accordance with inflation, from £11,500 to £11,850. From April 2018, the basic rate threshold will be increased to £34,500, meaning an