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Inheritance Tax Review by Office of Tax Simplification

29th December 2018 | Written by In Accountancy | Categories : HMRC, HMRC, Personal Tax, Tax
Inheritance Tax Review by Office of Tax Simplification

The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax. The first report sets out an explanation of the issues and complexities of IHT, gives an overview of concerns raised by the public and professional advisors during the review and then makes recommendations. This first report examines the administrative issues that people complain about Read the full article…


Phishing Tax Refund Email Targets University Students

27th December 2018 | Written by In Accountancy | Categories : HMRC, HMRC, News, Tax
Phishing Tax Refund Email Targets University Students

HMRC has warned that university students are being bombarded with fake tax refund emails. The scammers have targeted university students in an attempt to steal their banking and personal details using .ac.uk email addresses that look genuine, in order to avoid detection. Mel Stride, Financial Secretary to the Treasury said: ‘Although HMRC is cracking down hard on internet scams, criminals Read the full article…


Advisory Fuel Rates For Company Cars

24th December 2018 | Written by In Accountancy | Categories : Budget, Business, HMRC, Miscellaneous, News
Advisory Fuel Rates For Company Cars

New company car advisory fuel rates have been published which took effect from 1 December 2018. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or after 1 December 2018 are: Read the full article…


180,500 New Homeowners Benefit From Stamp Duty Tax Relief

23rd December 2018 | Written by In Accountancy | Categories : HMRC, News, Tax
180,500 New Homeowners Benefit From Stamp Duty Tax Relief

According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief introduced in November 2017 has saved eligible first-time buyers an estimated total amount of more than £426 million. Mel Stride MP, Financial Secretary to the Treasury, said: ‘These statistics show that the government was right to offer a helping Read the full article…


Leaving The EU With No Deal

21st December 2018 | Written by In Accountancy | Categories : News
Leaving The EU With No Deal

The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called ‘no deal’ Brexit. The guidance states: ‘The government does not want or expect a no deal scenario. However, it is the duty of a responsible government to prepare for a range of potential outcomes, Read the full article…


Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

14th December 2018 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, Making Tax Digital, Making Tax Digital
Committee Warns Small Businesses ‘Could Pay Heavy Price’ For MTD And Latest ‘Encouragement Letters’

The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has ‘failed to adequately support small businesses’ ahead of the introduction of MTDfV. MTDfV is generally set to come into effect for the from 1 April 2019 for businesses which have a taxable turnover above the 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…


Stockport Accountants IN Accountancy are Recruiting

11th December 2018 | Written by In Accountancy | Categories : Accounts, Business, IN Team, Making Tax Digital, News, Personal Tax, Tax, Team News
Stockport Accountants IN Accountancy are Recruiting

Award winning Stockport Accountants IN Accountancy are looking for a  dynamic, forward thinking accountant with at least seven years’ experience in practice to join their growing team as an Accounts and Tax Senior. The firm has gone from strength to strength in it’s almost six years in business, having started as an additional service providing tax review and reclaim work 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…


Setting 2019 Up For Success

28th November 2018 | Written by In Accountancy | Categories : Business, Events, Miscellaneous, News
Setting 2019 Up For Success

Last week Sarah took part in a local Stockport business event hosted by the team at Santander, where the theme was all about setting 2019 up for success. Sarah delivered an engaging and inspiring keynote on her Formula for Success to make 2019 your best year yet, which was followed by Hazel Carter-Showell’s of Carter Corson Business Psychologists highly entertaining and Read the full article…