Graduates join Clay Shaw Butler accountants

Two young graduates have joined leading Carmarthen accountants and business consultants Clay Shaw Butler as part of Welsh Government initiative.
Rhodri Morgan and Gwenallt Jones have joined the Lammas Street business as part of a six-month-long Go Wales Jobs Growth Wales project.
The project is designed to help graduates into the jobs market.
“Jobs Growth Wales is an innovative scheme and aims to give graduates that all important first step on the jobs ladder,” said Clay Shaw Butler director David Butler.
“We are delighted to have Rhodri and Gwenallt on board at Clay Shaw Butler and wish them all the best in the careers.”
Rhodri Morgan is from Llangunnor, Carmarthen, and is a BSc honours graduate from Swansea University, where he studied accounting and finance. He is a keen footballer and plays for Johnstown United.
Gwenallt Jones is from Johnstown in Carmarthen and graduated with a first class BSc degree in mathematics from Swansea University. He is a keen golfer.
About the Go Wales Jobs Growth Wales project:
The programme offers a six month job opportunity for graduates to become part of a company. The programme is aimed at young graduates or equivalent who are job ready but have had difficulty securing employment.
The benefits:
Six months good quality work experience where students can use and enhance graduate level knowledge and skills
The possibility of further work with the employer at the end of the six months.
A good basis for seeking quality employment with other organisations
Clay Shaw Butler has a team of team of 23 professional staff with a combined experience of more than 210 years. The team includes Welsh speakers at all levels.
Weblinks -
http://www.clayshawbutler.com
https://www.gowales.co.uk/en/Graduate/jgw
Pictured, left to right, Rhodri Morgan, David Butler and Gwenallt Jones.

David Butler's views on 2013 . . .

David Butler, director of Carmarthen-based-chartered accountants and business consultants Clay Shaw Butler, was asked to give his views on 2013 to the Western Mail and South Wales Evening Post.
Here is what he said -
“We are seeing an increasing number of graduates flooding the market seeking work experience and looking for small/medium enterprises locally to gain work experience and training and to acquire an accountancy professional qualification. Living locally minimises their costs as they live with mum and dad. Often these skills are lost in small Welsh towns and we welcome the opportunity for taking advantage of this opportunity.
“In view of the increased Annual Investment Allowance up to £250,000 from the 1 January 2013, many businesses will take advantage of this to move forward their businesses, take the associated tax savings and in turn help growth within the economy. Likewise. the reduction in the Corporation Tax Rate reduces the tax burden tremendously.
“More than 75 per cent of executives now engage in social media believing this to increase their business turnover and overall profitability. We feel this should also improve office productivity due to the availability of centralised information sharing and a centralised message board for staff. We have increased our online ‘webinar’ training availability to our staff, reducing our carbon footprint and doing away with the need to travel for training.
“In 2013, we know clients will require a more pro-active approach from accountants and will look for those who can offer a full service. Strong links with banks and lenders and other quasi partners, including Independent Financial Advisers, will be crucial here.
“Real Time Information for PAYE will be implemented, commencing from April 2013, and this will eventually roll out to all businesses. This is the most significant change to take place since PAYE started. We see many businesses not having the time or resources to be able to cope with this and outsourcing to accountants.
“Larger firms continue to ‘low ball’ in their fees approach to clients as they require additional turnover to cover their increasing overheads, although some have clearly reduced staffing levels.
“There is a lot of work to be done in 2013 to convince the banks to lend and support their business customers.
“We will be emphasising the moral responsibility to support long-standing profitable businesses experiencing cashflow problems often created by larger customers or Government agencies and local authorities.”
Clay Shaw Butler has a team of team of 22 professional staff with a combined experience of more than 210 years. The team includes Welsh speakers at all levels. http://www.clayshawbutler.com

Tax events due on January 19

The following Tax Events are due on 19 January 2013:
PAYE quarterly payments are due for small employers for the pay periods 6th October 2012 to 5th January 2013
What this means for you?
This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis. Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2013. Penalties may apply if payment is made late.
PAYE, Student loan and CIS deductions are due for the month to 5th January 2013
What this means for you?
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS. The contractors' monthly return showing details of payments made to subcontractors must also be filed by today even if a nil return. Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS. Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2013. Penalties may apply if payment is made late.

Merry Christmas from all at Clay Shaw Butler

Merry Christmas from David Butler, Ann Thomas, Nigel Roberts and all at Clay Shaw Butler!

Tax event due on December 30

The following Tax Events are due on 30 December 2012:
Online filing deadline for submitting 2011/12 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2013/14 tax code
What this means for you?
This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment of up to £3,000 only, you may request that HMRC collect any tax outstanding by making an adjustment to your tax code for the year 2013/14.
If we have already dealt with this matter on your behalf you need take no action.

We helped Carmarthen charity day

We were proud to sponsor the special Carmarthen Town AFC 'pink' kit for the recent charity day at Richmond Park.

Tax events due on December 19

The following Tax Events are due on 19 December 2012:
PAYE, Student loan and CIS deductions are due for the month to 5th December 2012
What this means for you?
This deadline is relevant to employers who have made PAYE deductions from their employees' salaries and to contractors who have paid subcontractors under the CIS. The contractors' monthly return showing details of payments made to subcontractors must also be filed by today even if a nil return.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 21st December 2012 unless you are able to arrange a 'Faster Payment' to clear on or by 22nd December. Penalties may apply if payment is made late.