H M J T

Jervis & Partners, one of the oldest accountancy Practices in Northamptonshire, was established in 1970. Over the years, we have fostered strong links within the local community, working closely with individuals and businesses in an ever-changing environment. We take pride in offering a friendly, personal, and professional service that is always tailored to our clients' individual needs. If you feel that you would benefit from this type of working relationship, please do not hesitate to contact us. Our initial consultations are always free of charge.

Michael Mead FCA and Neil Picton FCA, the Managing Directors of Jervis & Partners, are committed to maintaining the firm's reputation for excellence. We have a team of dedicated professionals who are experienced in providing a comprehensive range of accountancy and business advisory services. Our clients include small businesses, large corporations, and individuals, all of whom value our expertise, dedication, and willingness to go the extra mile.

Our Services

At Jervis & Partners, we offer a comprehensive range of services, some of which are summarised below:

*Accountancy*: We provide a full range of accountancy services, including the preparation of financial statements, management accounts, and bookkeeping services. Our team is experienced in working with a variety of accounting software packages, ensuring that your financial records are always up-to-date and accurate.

*Audit and Assurance*: Our audit and assurance services are designed to provide stakeholders with confidence in your financial statements. We use a risk-based approach to identify key areas of focus, ensuring that our audits are efficient and effective.

*Book-keeping and VAT Returns*: Our book-keeping and VAT return services are designed to take the hassle out of your financial record-keeping. We use the latest accounting software to ensure that your financial records are always accurate and up-to-date.

*Business formations and valuations*: We can help you with all aspects of business formations, from company registrations to business plans. We can also provide valuation services, helping you to understand the value of your business and make informed decisions about its future.

*Payroll Bureau*: Our payroll bureau services are designed to take the hassle out of running a payroll. We can handle all aspects of your payroll, from calculating employee salaries and deductions to producing payslips and managing HMRC submissions.

*Personal and Corporate Taxation*: Our personal and corporate taxation services are designed to minimise your tax liability and ensure compliance with all relevant tax regulations. We can provide tax planning advice, prepare and submit tax returns, and represent you in tax disputes.

Business News

The way vehicle tax is calculated has changed for cars and some motor homes that were first registered with DVLA from 1 April 2017. The change does not affect any vehicle registered before 1 April 2017, but drivers can check the vehicle tax rates to make sure they know what they need to pay. The rates explained:

• Vehicle tax for the first year is based on CO2 emissions.
• After the first year, the amount of tax that needs to be paid depends on the type of vehicle. The rates are:

+ 140 a year for petrol or diesel vehicles

+ 130 a year for alternative fuel vehicles (hybrids, bioethanol and LPG)

+ 0 a year for vehicles with zero CO2 emissions

• New vehicles with a list price of more than 40,000:

+ If a vehicle has a list price (the published price before any discounts) of more than 40,000, the rate of tax is based on CO2 for the first year.

+ After the first year, the rate depends on the type of vehicle (petrol, diesel, alternative fuel or zero emissions) and an additional rate of 310 a year for the next 5 years.

+ After those 5 years, the vehicle will then be taxed at one of the standard rates (140, 130, or 0, depending on vehicle type).

Significant changes have been announced for the amount of VAT that many small businesses will have to pay. This will affect businesses that use the VAT Flat Rate Scheme but which spend very little on goods, including raw materials - such as firms providing services. The VAT Flat Rate Scheme simplifies businesses' record-keeping, and makes it easy to work out the VAT they have to pay. The proposed changes are the most important element of the Autumn Statement for this type of business.

The Adjudicator's Report: The annual report for 2015/16 makes interesting reading in relation to HMRC. In 2015-16, the Adjudicator completed 914 investigations into complaints about HMRC and substantially or partly upheld 666 (72%) of those in favour of the complainant. By contrast, in 2014-15, 1,543 investigations were substantially or partly upheld as against 1,808 completed, showing a rate of 85% upheld. An improvement certainly, but with nearly three-quarters of complaints resolved partly or wholly in favour of the complainant, there is still some way to go.