Making tax digital – what it means for you

Making tax digital – what it means for you

We ask Sue Jones, Financial Director at Helmsley Group about the impact on our clients of making tax digital

Sue says: ‘Both Helmsley Group and Colenso are making the necessary preparations to ensure the smooth transfer to Making Tax Digital, which comes into force from 1st April 2019.

VAT returns will have to be submitted either through compatible accounting software, or through ‘bridging’ software.
The financial team at Helmsley Group has been preparing for this move with seminars and training, to see which software will be most valuable for our clients.

For LLPs and any companies requiring accounts, we’ll be moving from preparing accounts manually using excel spreadsheets, to an accounting package called Xero.  This is very user friendly, cloud based software and will cost £264 per company per year.

For our syndicated properties, which don’t require annual accounts, we’ll be submitting VAT returns through bridging software called Absolute Accounting, whereby we input the necessary figures into the software, which it then uploads to HMRC. The cost will be £40 per syndicate per annum.

For any questions please contact Sue on sue-jones@helmsley.co.uk

11,000 sq ft of industrial space sold at £2M business park

11,000 sq ft of industrial space sold at £2M business park

11,000 sq ft of light industrial and warehouse space has been sold at the Broadhelm Business Park at Pocklington near York. Helmsley Court comprises eight trade counter units offering local operators much needed business space adjacent to the A1079 between York and Hull.

Ed Harrowsmith from Helmsley Group comments: “The development is a joint venture between Helmsley Group and Broadmanor Developments which follows the construction of a bespoke Howdens unit and Pocklington Service Station. The venture has held the site for a number of years and it is exciting to finally see occupiers and activity on what is an excellent roadside and industrial location.

For further details please contact Ed Harrowsmith on: edward-harrowsmith@helmsley.co.uk

New board members for York Professionals

New board members for York Professionals

York Professionals has strengthened its representation of the property and finance sectors with the appointment of three new board directors.

Richard Peak, managing director of The Helmsley Group, Jackie Senior, Garbutt + Elliott director, and Jonathan Doyle, senior manager at Clive Owen LLP, have taken up positions on the York Professionals board this month.

York Professionals represents the city’s professional services economy in the business support, creative and digital, finance, legal, marketing, people and property sectors.

Working alongside strategic and corporate partners, the organisation supports and champions professional services providers, helping them grow their businesses and networks, driving economic growth and showcasing the city as a superb place to live and work.

Richard says: “York Professionals is full of talented people from across the cities’ best businesses. I’m looking forward to helping the team create recognition for York as a world leading centre for business and enterprise.”

For more information please see www.york-professionals.co.uk

Definitions

High Net Worth Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm they have an annual income of not less than £100,000, or net assets, excluding their primary residence, of not less than £250,000.

Certified Sophisticated Investor – An individual who has a written certificate within the last 36 months by an FCA Approved Person confirming that the Investor is sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream pooled investments

Self-Certified Sophisticated Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm that have sufficient knowledge to understand the risks associated with engaging in investment activity in a non-mainstream pooled investments.

Thank you for your submission, a member of our team will be in touch shortly.