Godfrey Laws Chartered Accountants

21/08/2025

Did You Know? HMRC Launching Digital Campaign on Tax Relief Claims for 2024/25

HMRC will run a digital campaign to ensure that income tax self assessment (ITSA) taxpayers do not claim tax relief for personal expenditure when completing tax returns for 2024/25.

17/07/2025

📢 You're Invited!

Join us for the HR & Employment Law Insights Breakfast Event 🍽️

📅 Wednesday 8th October 2025
🕘 9:00 AM – 11:00 AM (Arrival from 8:45 AM)
📍 65 Knowl Piece, Wilbury Way, Hitchin SG4 0TY

Hosted by Godfrey Laws & Co & Howden Group, this is a must-attend event for business owners, managers, HR professionals & employers.

What to expect:
✨ Expert insights on Sexual Harassment Legislation, Capability Management, Employment Rights Bill, and more!
✨ Practical advice & free guidance tailored to your business
✨ Tea, coffee, pastries, and a chance to ask questions in a dedicated Q&A session.

🔗 RSVP in our bio or by scanning the QR code.

Don’t miss out on the opportunity to stay compliant and improve your workforce management!

18/02/2025

🚀 Maximising Your Property Investment 🏠

🔑 The Perfect Time to Review Funding & Tax Options

Join us for an exclusive event designed to help you unlock the full potential of your buy-to-let investments. Whether you're a seasoned investor or just starting out, this is your chance to learn from the experts!

🌟 What to Expect: • Insights on Capital Gains Tax and how it impacts buy-to-let investments, from tax and property experts at Godfrey Laws. • Expert, unbiased mortgage advice from Private Finance Ltd, offering a range of tailored solutions for UK property investors. • Practical strategies to boost your property portfolio, including guidance on funding and current market trends.

📅 Don’t miss out on this exclusive opportunity to level up your investment knowledge and connect with industry professionals.

🔗 RSVP now to secure your spot : https://www.eventbrite.com/e/maximising-your-property-investment-current-funding-and-tax-options-tickets-1235485021959?aff=oddtdtcreator

16/01/2025

🚨 Reminder 🚨

Don't forget, your Self Assessment Tax Returns are due by 31st January 2025! ⏰

Make sure to file your return on time to avoid any late fees or penalties. ✅ Whether you're a freelancer, contractor, or self-employed, it's important to stay on top of your tax responsibilities.

📞 Contact us today on 01462 421521 to see how we can help make the process easier for you! We're here to assist and ensure everything is filed correctly.

Take action today and keep your finances in check! 📑💼

19/12/2024

🎄 Christmas Opening Hours 🎄
• 23rd December: 9:00 AM - 5:30 PM
• 24th December - 1st January: Closed
• 2nd January: 9:00 AM - 5:30 PM

We wish you a Merry Christmas and a Happy New Year!

06/12/2024

Did you know your Self-Assessment Tax Return is due on 31st January 2025? 🗓️

Don’t leave it to the last minute – get ahead and ensure everything is submitted on time! Avoid penalties and stress by getting in touch with us today. 💼

✅ Need help with your tax return? ✅ Have questions about your filing?

Contact us now and let’s make sure you’re all set for the deadline!
📞 Get in touch today: 01462 421521

26/09/2024

Why bringing an Accountant onboard can transform your business.

• Save Time & Reduce Stress: Here at Godfrey Laws we handle complex tax laws, filings, and financial reports so you can focus on what really matters—growing your business or balancing life! 📊⌛

• Maximise Tax Savings: Godfrey Laws will be able to help with deductions, credits, and reliefs available to you, helping you save on your tax bill! 💸✅

• Stay Compliant: Navigating UK tax laws, deadlines, and regulations can be tricky. Here at Godfrey Laws we ensure you are staying compliant and up-to-date. 📅🔒

• Peace of Mind: Whether you’re a sole trader or managing a large corporation, partnering with experts like us at Godfrey Laws ensures that your finances are expertly handled, giving you peace of mind knowing that everything is in good hands. 🧘‍♂️✨

Don’t wait until tax season— Get in contact with us at Godfrey laws today and keep your finances in perfect order!

10/09/2024

Did you know..

When setting up a limited company, you are required to provide both a registered office address and an email address. The registered office address must be a physical location in the UK and located in the same country where the company is incorporated. For example, if your company is registered in Scotland, the address must also be in Scotland.

The registered office address must also be appropriate, meaning that someone at this address can receive and confirm the delivery of any post sent to the company. PO Boxes are no longer acceptable as registered office addresses. If you use a service provider’s address, such as an accountant or solicitor, that address must also meet these requirements.

27/06/2024

Essential accounting tips for large businesses:

• Make sure to use modern accounting software that follows UK rules and works well with other systems.
• Smart tax planning by staying updated on tax laws and use experts to help save on taxes legally.
• Identify and reduce unnecessary expenses, and negotiate better terms with suppliers.
• Good Governance by setting clear policies and involve top management in financial decisions.
• Conduct internal and external audits to ensure accuracy and transparency.

28/05/2024

Key dates for July 2024

6th of July – Deadline to submit P11Ds and P11D(b)s to HMRC, and for copies of P11Ds to be sent to employees

19th of July – Payment deadline by cheque for Class 1A National Insurance owed on expenses or benefits for the previous tax year

22nd of July – Online payment deadline for Class 1A National Insurance owed on expenses or benefits for the previous tax year

31st of July – Deadline for second ‘payment on account’ for the tax year

30/04/2024

Did you know that from April 2024, the Capital Gains Tax allowance will be reduced to £3,000 for individuals, and to £1,500 for trustees.

11/04/2024

Essential accounting tips for small businesses 📋
⚫️ Make sure to keep your personal and business finances separate

⚫️ Ensure that your records are organised and precise.

⚫️ Be sure to remember and adhere to tax deadlines.

⚫️ Retain your records for a duration of six years.

⚫️ It is advisable to budget for taxes throughout the year to avoid surprises during tax season.