With only days until Making Tax Digital for VAT (MTD for VAT) comes into effect on 1 April, HMRC has issued a notice to UK businesses that they need to allow …
Spring Statement Summary – what you need to know
From Making Tax Digital and changes to entrepreneurs relief to considering capital allowances. We have a handy summary of everything you need to know about the Spring Statement. Amid economic …
Reviewing the changes to capital allowances
In Autumn Budget in 2018, Chancellor Philip Hammond announced changes to capital allowances, including a new one called, the Structures and Buildings Allowance (SBA). Here’s what we know about these …
Team strengthened to provide cost-effective solutions as small businesses see cost hike
According to the latest research, small businesses in the UK are spending 15% more than in 2011 on tax and costs relating to employment. Compliance with government initiatives costs small …
Government shortens the payment window for Capital Gains Tax on residential property
The new 30-day reporting and payment deadline has been confirmed from 6 April 2020. This new deadline is applicable when second homes or rental property is sold. Currently, Capital Gains …
Are you doing your own tax returns? Client claimed back £1200 in loss relief
Many of our clients come to us after a period of doing their own tax returns. In every business there will be opportunities to save money by doing some of …
Autumn Budget Summary – what you need to know
From inheritance and pensions to corporation tax – we’ll update you on what you need to know following the Budget on Monday 29th October 2018. Read our full summary here …
Government updates National Insurance Contributions
The government recently announced that it will not be abolishing Class 2 national insurance contributions (NICs) during this Parliament. As a result of this unexpected announcement, we wanted to provide …
What you need to know about Making Tax Digital
What is making tax digital? HMRC has announced a new initiative to bring taxpayers online. The idea is to try and make the management of tax easier and more efficient. …