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Tax Advice

Congratulating Kathryn!

16th May 2019 | Written by In Accountancy | Categories : News, Tax Advice, Team News
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Congratulating Kathryn!

Big shout out to Kathryn who was invited to attend a ceremony in the Houses of Parliament last week in celebration of achieving her ATT (Association of Accounting Technicians) qualification. Kathryn has an incredible work ethic, having studied continuously since
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Cashflow – Mind Your Margins to Increase your Cashflow

14th May 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Tax Advice
Tagged in: Budget, sole trader, targets, Tax,
Cashflow – Mind Your Margins to Increase your Cashflow

In the next in our series of articles on how to improve your cashflow we take a look at margins, and how simply understanding them better, and focusing on them more regularly will have a knock on effect on improving
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HMRC Wins Disguised Remuneration Avoidance Case

2nd May 2019 | Written by In Accountancy | Categories : Tax Advice
HMRC Wins Disguised Remuneration Avoidance Case

HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised
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Call for Tax on Social Media Businesses

30th April 2019 | Written by In Accountancy | Categories : Tax Advice
Call for Tax on Social Media Businesses

A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s Mental Health and Wellbeing recently published a report which outlined the
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Pension rules impact successful small business owners

29th April 2019 | Written by In Accountancy | Categories : Pensions and Payroll, Personal Tax, Tax Advice
Pension rules impact successful small business owners

  There has been a great deal in the news recently about pensions, and specifically about how changes to pensions rules are impacting on certain individuals’ ability to save for their retirement. Doctors and other high income employees who have
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Reporting Benefits in Kind – Forms P11D

23rd April 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Reporting Benefits in Kind – Forms P11D

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information
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Changes to Income Tax for 2019/20

20th April 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Changes to Income Tax for 2019/20

The new tax year brings changes to income tax bands and allowances. The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over
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MTD for VAT

15th April 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, Tax Advice
MTD for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital
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April 2019 – Tax Update and News in Brief

1st April 2019 | Written by In Accountancy | Categories : Contractors, Limited Companies, News, Pensions and Payroll, Personal Tax, Tax Advice
April 2019 – Tax Update and News in Brief

At last the clocks have gone forward, days are becoming longer and some warmth is in the air (well, almost, although it didn’t feel like that from the side lines of the football pitches I was at over the weekend!!).
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Tax Efficient Investments Ahead of the Tax Year End

25th March 2019 | Written by In Accountancy | Categories : Client News, Tax Advice
Tax Efficient Investments Ahead of the Tax Year End

With the end of the tax year looming there is still time to save tax for 2018/19.   Make full use of your ISA allowance – ISAs can offer a useful tax free way to save, whether this is for
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Start Date Looming For Making Tax Digital For VAT

18th March 2019 | Written by In Accountancy | Categories : Limited Companies, Tax Advice
Start Date Looming For Making Tax Digital For VAT

The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC’s progress on delivery of Making Tax Digital (MTD). He confirmed there would be no further delays in implementation. For most
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Gift Aid Tax Relief Video

15th March 2019 | Written by In Accountancy | Categories : Charity, Client News, Personal Tax, Tax Advice
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Gift Aid Tax Relief Video

Gift Aid Tax Relief for higher rate tax payers – when and how to claim As we are fast approaching the end of another fiscal year (yep, that time already!), and with Red Nose Day almost upon us, we thought
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