James Banks

Hammett Spire : A fresh approach to accountancy, tax, audit and advisory services. Set up to help support owner-managed businesses in today's world.

[James Banks @spireaccountant]

MTD Quarterly Updates: Are You Ready?
MTD quarterly updates require digital records and regular HMRC submissions. Are you set for your first deadline? Make sure everything's ready now. #MakingTaxDigital #Tax #HMRC https://t.co/gkgpRfBX3C

[James Banks @spireaccountant]

Check Your Commercial Property for Hidden Tax Relief
Did you know a key tax relief on commercial building costs often goes unnoticed? Check if your property spend qualifies for valuable capital allowances today. #TaxRelief #BusinessFinance #Property https://t.co/DmaWBpBwn6

[James Banks @spireaccountant]

Unexpected Tax Risks From Employee Perks
Even small employee perks can trigger extra tax and reporting rules. Are your benefits unintentionally creating tax headaches for your business? Stay informed. #Tax #EmployeeBenefits #HMRC https://t.co/IxFtYu2pEH

[James Banks @spireaccountant]

Are You Claiming All Business Costs?
Not all business costs are claimed when self-employed. Knowing which expenses reduce taxable profit can protect your income and ease tax time. #TaxRelief #SmallBusiness #Finance https://t.co/j48hpgmFQK

[James Banks @spireaccountant]

60% Tax Band Hits £100k+ Incomes
Incomes between £100k and £125,140 face an effective 60% tax rate due to personal allowance reduction. Pension or charity contributions could reduce your tax burden. #Tax #Finance #UKTax https://t.co/vmPlN6UzsS

[James Banks @spireaccountant]

Why Fund Manager Pay Rules Matter Right Now
Fund manager pay depends on profits and risk tests, influencing how returns are taxed. This affects investment fund payouts significantly. #finance #investment #tax https://t.co/FbvZViQu9c

[James Banks @spireaccountant]

CIS Nil Return Rule Returns
Contractors must file a nil return monthly when no subcontractor payments are made, preventing late payment penalties and keeping CIS compliance on track. #Construction #CIS #TaxCompliance https://t.co/5BEqT9BPlp

[James Banks @spireaccountant]

2026 Class 1A NICs Deadline Alert
Class 1A NICs must be paid by 19 July (postal) or 22 July (electronic) to HMRC. Pay on time to avoid penalties and keep reporting accurate. #TaxDeadline #NICs #Payroll https://t.co/BmmKXaMkzI

[James Banks @spireaccountant]

New charge linked to income affects Child Benefit
If your income rises above £60,000, a charge can reduce your Child Benefit payments. Learn how your household finances might be impacted and what you can choose t... #ChildBenefit #TaxUpdate #UKFinance https://t.co/xFpkv8Oseg

[James Banks @spireaccountant]

Overseas Expansion Could Trigger Unexpected UK Taxes
Launching abroad? Your fixed presence could create a permanent establishment and trigger UK tax rules. Make sure you know the implications before you start. #Tax #Business #GlobalMarkets https://t.co/7juWcClCuB

[James Banks @spireaccountant]

Staff loan tax rules you need to know
Employers must watch tax rules on staff loans below HMRC rates, but loans under £10k or fixed terms often avoid tax charges or reports. #Tax #Payroll #Finance https://t.co/QxFWDq5lE1

[James Banks @spireaccountant]

Tax Rules for Company Mobile Phones
Employers must follow strict tax rules when providing phones or reimbursing costs. Contract ownership determines if tax applies. Stay informed and compliant now. #Tax #Business #Compliance https://t.co/CHzluhOHHy

[James Banks @spireaccountant]

Dividend Tax Rules Update 2026-27
Dividend tax rates and allowances for 2026-27 could change your take-home dividend payments and tax due. Know how your dividend income affects your tax band and what you must repo... #DividendTax #UKTax #FinanceUpdate https://t.co/JIXrYv61zo

[James Banks @spireaccountant]

Claim Tax Relief on Professional Subscriptions
Many can claim tax relief on professional subscriptions paid themselves, including for previous years. Check if you qualify, you could be owed a refund. #TaxRelief #ProfessionalFees #Finance https://t.co/YME4srNgGt

[James Banks @spireaccountant]

New Rules on Employee Travel Expenses
Certain employee travel costs don't need reporting if exempt. Employers using HMRC scale rates avoid extra paperwork. Know your travel rules now. #TaxUpdate #BusinessTravel #Payroll https://t.co/KuUkgUwSo1

[James Banks @spireaccountant]

Check your National Insurance record now
Check your National Insurance record online to spot gaps and see if voluntary contributions could improve your State Pension. Act now for a clearer future. #NationalInsurance #StatePension #UKFinance https://t.co/d9RIuEELnZ

[James Banks @spireaccountant]

Know Your Tax-Free Employee Perks
Employers can offer tax-free benefits like one business phone, parking, and staff meals without a tax charge if rules are met. Know your tax-free perks now. #TaxBenefits #EmployeePerks #Workplace https://t.co/qqj0Xrm1Kh

[James Banks @spireaccountant]

How to Get More from Your Charity Donations
Gift Aid boosts charity donations by 25p per £1. Higher rate taxpayers can claim extra relief via self-assessment or tax code adjustments. Know your options now. #GiftAid #TaxRelief #Charity https://t.co/ILhKVnQS22

[James Banks @spireaccountant]

Spot Check Your Tax Code Accuracy
Your tax code can shift with new jobs, pensions or benefits. Checking it could avoid surprises on your payslip. Make sure yours is right now. #Tax #HMRC #Finance https://t.co/xMZC9QQlwU

[James Banks @spireaccountant]

Key Facts on Capital Gains Tax You Need
Selling shares or investments? Remember, you only pay tax on gains above £3,000 and rates vary by income. Keep records to stay compliant and informed. #Tax #Investing #Finance https://t.co/uZCaLmG0wO