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Limited Companies

Businesses Urged to Prepare for Post-Brexit Customs Declarations

8th February 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, HMRC, Limited Companies, News
Businesses Urged to Prepare for Post-Brexit Customs Declarations

HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a letter sent to 145,000 affected businesses, HMRC explains changes to Customs, Excise and VAT procedures in the ‘unlikely event’ that the UK leaves the EU without a Brexit deal. HMRC’s letter advises businesses to take three actions ahead Read the full article…


MTD for VAT – Pilot Extended to all Eligible Businesses

7th February 2019 | Written by In Accountancy | Categories : Business, HMRC, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, Tax
MTD for VAT – Pilot Extended to all Eligible Businesses

HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However, MTDfV for some ‘more complex’ businesses has been deferred until 1 October 2019. This deferral applies to: trusts; not for profit organisations not Read the full article…


How to Change Accountants… it’s easier than you think

23rd January 2019 | Written by In Accountancy | Categories : Accounts, Business, Contractors, HMRC, Limited Companies, Making Tax Digital, Miscellaneous, News, Personal Tax, Tax
How to Change Accountants… it’s easier than you think

I’ve been asked half a dozen times recently how to change accountants, with local businesses being put off moving away from poor service, mistakes or high fees because they are worried the process might be difficult, complicated or expensive. In reality it is really simple and straightforward to change accountants – my quick video below outlines everything you need to Read the full article…


HMRC Publish Details of Deliberate Tax Defaulters

18th January 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Limited Companies, Tax
HMRC Publish Details of Deliberate Tax Defaulters

HMRC have updated the list of deliberate tax defaulters. The list contains details of taxpayers who have received penalties either for: deliberate errors in their tax returns deliberately failing to comply with their tax obligations HMRC may publish information about a deliberate tax defaulter where an investigation has been carried out and the taxpayer has been charged one or more Read the full article…


HMRC Reminder to Employees to Claim their Tax Deductible Expenses

17th January 2019 | Written by In Accountancy | Categories : Business, HMRC, Limited Companies, Tax
HMRC Reminder to Employees to Claim their Tax Deductible Expenses

HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry, could be entitled to a tax refund. Workers, including nurses, hairdressers, construction workers and those working in retail and food sectors, may be able to claim tax rebates. Read the full article…


Discounting – Christmas Deals or Don’ts??

13th December 2018 | Written by In Accountancy | Categories : Budget, Business, Client Focus, Limited Companies, Miscellaneous, News
Discounting – Christmas Deals or Don’ts??

It’s that time of year again when everyone is getting excited for the bargains they might find in the January sales, which if you ask me have been getting earlier and earlier in recent years. But if you’re in business and are participating in the sales season, be it the recent Black Friday, Cyber Monday, Shop Local Saturday, Boxing Day or Read the full article…


RBS Business Banking Switch Scheme

30th November 2018 | Written by In Accountancy | Categories : Accounts, Business, Limited Companies, News, Tax
RBS Business Banking Switch Scheme

If you are clients of RBS we now have more information in relation to the Business Banking Switch which will go live in late February 2019. Matthew Young, a long standing connection of ours from his RBS days, who is now with Yorkshire Bank came in to see us earlier this week and shared his insights and a great deal Read the full article…


Making Tax Digital – Pilot Update

27th November 2018 | Written by In Accountancy | Categories : Accounts, Business, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, News, Tax
Making Tax Digital – Pilot Update

Making Tax Digital for VAT (MTDfV) is still the hot topic of the moment (aside of course from Brexit madness!), and while there has been some speculation that, under the influence of the House of Lords, roll out of MTDfV may be delayed April 2020, other evidence suggests that this is highly unlikely. HMRC has now begun writing to businesses Read the full article…


Making Tax Digital for VAT Public Pilot Opens and Deferral for Some Businesses

24th November 2018 | Written by In Accountancy | Categories : Business, HMRC, Limited Companies, Making Tax Digital, News
Making Tax Digital for VAT Public Pilot Opens and Deferral for Some Businesses

HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot. However certain VAT-registered businesses (around 3.5% according to HMRC) with more complex requirements will be deferred from being subject to MTD for six months. Essentially, the public pilot is now open to sole traders and companies using standard VAT accounting. This applies whether returns are done monthly or Read the full article…


Autumn Budget 2018 for Contractors – IR35 explained

5th November 2018 | Written by In Accountancy | Categories : Budget, Business, Contractors, HMRC, HMRC, Limited Companies, News, Pensions and Payroll, Pensions and Payroll, Personal Tax, Tax
Autumn Budget 2018 for Contractors – IR35 explained

The Autumn Budget 2018 announced that changes to off payroll working in the private sector would not be introduced before 2019/20 tax year, and even then would only apply to large and medium sized businesses. We have had questions from a number of our contractor clients who are concerned about what any changes in relation to IR35 legislation may mean Read the full article…