GEM ACCOUNTANCY LTD

11/03/2025

Are you ready for all the upcoming changes with HMRC?

20/02/2025

So many HUGE changes are set to take place over the next 12/24 months with HMRC; one being the move to a fully digital tax system (MTD ITSA) which will present a lot of challenges for millions of business owners.

GEM Accountancy Ltd has already been preparing for these changes ahead of time and for the last 12 months we have been part of the HMRC Tax Agent pilot study, testing the new system.

As a nationally award winning firm, ensuring clients are at the centre of everything we do means you can rest easy, knowing we have your back to help you transition to the digital era with ease 💚

09/08/2024

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The most exciting collaboration is here! I’m honoured to be joining as a guest expert inside the EPIC membership later this month 😮‍💨🙌🏽

Whether you have a business or not, the subject of MONEY 💸 is a juicy one ☝🏽your money mindset will either help you thrive or hold you back, there are hidden stories we tell ourselves about money 💰 and there are hacks to uncover them.

I’ve got lots to share with you about this after working with other people’s money for well over 20 years! Including some personal stories about my own journey 💫

Strap yourselves in and mark your calendars 📆 for the “How to Create Wealth On Your Terms” Masterclass, inside it forms one of many amazing resources that will help you.…. And I’d love you to be a part of this conversation 💫

• Thursday 22nd August @ 7pm

See you there 📆🥳💻

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05/08/2024

**EXCITING ANNOUNCEMENT**
This September GEM Accountancy celebrates a 5 year business birthday!! Launching in September 2019 just before lockdown was a challenge! But thanks to many of you by the time we were “unlocked” I was fully booked and well on the way to building a business I absolutely love. It is so important that we celebrate the wins in life and business so for this reason I have decided…

…that I am throwing a 5 Year Party! 🎉

To show my gratitude to you as an important and valued client, I would love you to come and celebrate this incredible milestone with me!

This will be an exclusive CLIENT ONLY party - with all current clients of GEM Accountancy to join me in raising a glass, hitting the dance floor and enjoying the views together in St Ives.

Your invitation has been emailed to you requesting that you kindly RSVP with a Yes or No by 15th August please that will help us to create a night to remember! 🙌🏽 Your Office Pixie Gemma Heard - GEM Consultancy UK Gemma Heard - GEM Consultancy UK

23/03/2024

We are almost at another Tax Year End 🍃 where does the time go? ⏰

I’m encouraging my clients to file their tax returns earlier this year - you might not want to pay the tax earlier (which is fine) but knowing the amount due in advance will give you plenty of time to have it saved and ready to pay it.

With Easter falling right on Tax Year End and with a holiday booked for the end of April, it’ll be a juggle 🤹

If you would like your Tax Return at the front of the queue then please reach out to me EARLY so we can get your records in order 💚 email 📧 is best please!

Thank you for helping me build the business of my dreams whilst I continue to help you build yours! 💚

30/01/2024

If you’re struggling to pay your Tax Return on time, then you may be able to set up an instalment plan with HMRC to repay it. There are a few criteria to consider, so let’s go over it below 👉🏽

You can set up a Self Assessment payment plan online if you:

1️⃣ have filed your latest tax return
2️⃣ owe £30,000 or less
3️⃣ are within 60 days of the payment deadline
4️⃣ do not have any other payment plans or debts with HMRC

HMRC will ask you about your income and spending when you set up your plan, but if you need the service to help repay it then it’s better to use it as oppose to ignore it or not pay at all!

You can head to the government website and look up Time To Pay scheme! 💰

The link to to set it up is here 👉🏽
https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments

28/11/2023

Office Christmas dates 💚

08/11/2023

There are a lot of businesses in Cornwall who are struggling at the moment. This article highlights some figures which may help you to realise that if this is you, that you are not alone with these challenging times. There is no shame; part of being an entrepreneur is riding the highs and also the lows.

If you are a client of GEM Accountancy - you are definitely not alone and I am here to support you. Please reach out if you are worried about your numbers, so we can address it early 😊 and discuss some ways to help you navigate the storm ☔️

Cornwall sees 24% growth of businesses in financial distress https://bit.ly/3QFxHqb

28/09/2023

Air BNB is a big revenue stream for many people in the UK. It is attracting attention globally with the social impacts of so many jumping on board. There are two sides to every story of course! But reading the extract below sheds light on the global conversation that could bring conversations closer to home sooner than we think 🧐

Source - The Guardian (Anna Minton is the author of Big Capital)

"In England, the affordability crisis in tourist areas with a proliferation of second homes, combined with soaring rents in large parts of the country, is likely to lead to some change, with the government consulting on a possible registration scheme for short-term lets. In his response to the consultation, the London mayor, Sadiq Khan, called for the introduction of a licensing system, claiming that many property owners are renting out homes illegally and breaking the rules limiting Airbnb hosts to 90 days. For example, Camden council recorded more than 4,400 short-term lets last year, of which almost a quarter exceeded the 90-day limit.

But even if Airbnb’s dominance is successfully reined in, is it too little, too late? It is just one factor behind the soaring inflationary environment in cities around the world, forcing millions to pay unaffordable rents and excluding all but those on high incomes from getting on to the housing ladder. The main causes of the global housing crisis can be found not in Airbnb listings, but in the financialisation of housing, which means it is seen primarily as a financial asset rather than a social good. Combined with the consequences of monetary policy, from the inflationary impact of almost 15 years of quantitative easing to low interest rates facilitating a credit boom, followed by rising rates pushing rents up, controlling the growth of Airbnb can only be part of a much broader debate on how to solve the housing crisis."

Watch this space!

15/09/2023

Today I am both humbled and proud to have received the AATs (Association of Accounting Technicians) Past Presidents’ Award 🏆 for 2023 presented to me by Christina Earls BA IRRV FCPFA FMAAT.

My visit to London this past 24 hours to attend the AGM and also meet so many incredible people within the AAT has blown me away.

With an accounting body led by such talented, inspirational and innovative leaders I know I am amongst greatness. As a Licenced Member in Practice, I know this gives us genuine reason to be SO excited for the future of our profession as AAT Accountants 🚀

In particular thank you to Sarah Beale, Adam Harper and David Frederick of the Exec and Leadership team, for making me feel so welcome, I actually felt like I was amongst family!!

I’ll be sharing more about this in the coming weeks but for now - this is why I’m “out of office” 😂

Thank you to AAT, for the opportunities and for recognising my contribution to our incredible industry, one which I am so proud to be a part of ❤️🙏🏽

18/07/2023

💚 REMINDER 💚 Payment on accounts are due by 31st July 2023 🚨

To check if you owe one or how much you owe, you can log into your online Personal Tax Account 💰