- “I would just like to thank you & your friendly staff for the excellent service I have received.
Everything was so clearly explained...”
Jane Wootton Smith - “Thanks to Nick Park’s advice we secured a sizeable tax and VAT rebate which was very helpful towards our barn conversion.”
G.G Sevenoaks - The winner of the feedback prize draw for March 2013 is Elysium Cymru. A box of chocolates are on their way to them.
- “It gives us great confidence knowing we are able to rely on you and your team to solve our tax problems...”.
J Matthews JM Hair Ltd - “I don’t think you could improve your service to us as everyone we deal with is great. Nothing is too much trouble...”.
Christine Grey, Grey’s Health & Safety Solutions Ltd - Having hired Ed Gooderham at Green and Co, we now enjoy more freedom to concentrate on other areas of our business, and have a lot less stress...
Mark Cushing – Twisted Pair Limited - "During the past 21 months, when I have needed help and guidance, Green and Co have assisted me in every way".
Carol Jones, K Jones Electrical Limited - “What a fantastic service these guys give, they not only sort your accounts they give impartial advice to ensure all your affairs are up to date and working effectively.”
All Sorts Training - “Becoming a limited company is a big step but with the support of Sam and Ed this transaction will be made smoothly.”.
Vixtay Web Design - “Being my first visit to an Accountant's office I was a bit nervous about what to expect, I was totally surprised... and my fears dispelled...”.
A potential client - “Nick Park fully understands our business and we therefore have confidence in his judgement. We feel we receive excellent service”
Bev Baker – B E Baker & Sons Limited - “It’s a really nice team, feel like human beings. Advice is excellent and reassuring. Would recommend to friends”
Giles Davis - “Thank you very much, I will definitely recommend you!”
Charlie Fleming – April House Farming - We have saved clients £2,293 in tax for every £1,000 in fees.
- “Thank you very much, I will definitely recommend you!”
Charlie Fleming – April House Farming - “We have been with Green and Co for just 8 months but wish we had come to them sooner. The advice we have been given has been invaluable. Thank you.!”
Mr and Mrs TEJ Morris - “We are extremely happy with the excellent personal service you provide, and of your knowledge of our particular sector.”
Milton Farm Partnership
Overview: 'No miracle cure' as Osborne's austerity drive continues
On 5 December Chancellor George Osborne delivered his third - and arguably most significant - Autumn Statement to the House of Commons, against a background of global economic uncertainty.
With the past year bearing witness to ongoing difficulties in the eurozone, and fears of a double-dip recession in the UK being realised, the Chancellor faced something of a balancing act in his bid to encourage growth while sticking to the austerity programme.
As predicted by economists, the Chancellor announced that growth will be slower and borrowing levels higher than previously anticipated. The Office for Budget Responsibility has significantly downgraded its growth forecasts, with the UK economy set to shrink by 0.1% this year, compared with its previous prediction of 0.8% growth. Public borrowing is expected to reach £108 billion.
Although the Government remains 'on course' to meet its first fiscal mandate, the Chancellor will miss the target for reducing the national debt, instead being forced to extend austerity measures to 2018.
Despite this, Mr Osborne argued that 'turning back now would be a disaster', and was keen to emphasise that high earners would bear their 'fair share' of the load. While ruling out the introduction of a so-called 'mansion tax' on high value properties, the Chancellor confirmed speculation that the annual cap on tax-free pension contributions will be cut to £40,000 and the lifetime allowance will also be reduced, with effect from April 2014.
Significant announcements on personal taxation included an additional increase in the basic personal income tax allowance from April 2013.
Tax avoidance was another key concern voiced by the Chancellor, with a General Anti-Abuse Rule set to be introduced next year.
In a bid to encourage enterprise and investment, the Chancellor announced some headline measures for businesses, including an additional 1% cut in corporation tax from April 2014, an increase in the Annual Investment Allowance limit from £25,000 to £250,000 for a two year period starting from 1 January 2013, and the creation of a new £1 billion Business Bank.
One further measure likely to be welcomed by both individuals and businesses was the cancellation of the 3p per litre rise in fuel duty planned for January 2013.
At a glance
- Income tax personal allowances to increase
- Reduction in annual and lifetime pension contribution allowances
- Cancellation of planned 3p fuel duty rise
- Corporation tax falling to 21% from April 2014
- Annual Investment Allowance rising to £250,000
- Small Business Rate Relief extended for another year
- New Business Bank to receive £1bn of capital
- Capital gains tax annual exempt amount to increase
- Inheritance tax nil-rate band extended from 2015
- ISA allowance to rise to £11,520
