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HMRC Taskforce Tackles Dishonest Dog Breeders

6th July 2019 | Written by In Accountancy | Categories : Business, CASH, HMRC, HMRC, News
HMRC Taskforce Tackles Dishonest Dog Breeders

A taskforce has recovered more than £5 million by tackling dishonest dog breeders selling pups on the black market. HMRC set up the taskforce in October 2015 after discussions with animal welfare groups that were concerned that tens of thousands of puppies were being reared in unregulated conditions and sold illicitly every year. The taskforce uncovered fraudsters selling puppies on Read the full article…


Forms P11D – Reporting Employee Benefits

4th July 2019 | Written by In Accountancy | Categories : Business, CASH, HMRC, HMRC, Tax
Forms P11D – Reporting Employee Benefits

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 and completing the forms can take some time, so it is important that this process is not left to the Read the full article…


OTS Calls For Simplifying Everyday Tax For Smaller Businesses

3rd July 2019 | Written by In Accountancy | Categories : Business, CASH, HMRC, HMRC, Limited Companies, Tax
OTS Calls For Simplifying Everyday Tax For Smaller Businesses

A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to ‘address long-standing concerns about the experience of smaller businesses’. The report considers the business lifecycle, especially those starting up and provides recommendations in five areas: providing simple step-by-step guidance about the key things a business needs to do in its early days to Read the full article…


Cash Accounting for Landlords

28th June 2019 | Written by In Accountancy | Categories : Accounts, Limited Companies, News, Personal Tax, Self-Employed, Tax
Cash Accounting for Landlords

Landlords – remember to prepare your accounts on the cash accounting basis. Unless you have specifically opted out of cash accounting (which you need to do each year on your tax return), remember that the cash basis now applies automatically to all unincorporated property businesses so long as their rental income is less than £150,000 per annum. What does ‘the Read the full article…


Marriage Allowance in 2019

27th June 2019 | Written by In Accountancy | Categories : HMRC, News, Pensions and Payroll, Personal Tax, Tax
Marriage Allowance in 2019

So, perhaps not a reason to pop the question, but if you are married, and are eligible you should definitely check whether you have been claiming any marriage allowance available to you. What are the tax benefits for married couples in 2019/20? Did you know that marriage allowance for married couples and civil partners allows an individual, who earns less Read the full article…


Tax Free Childcare – what you need to know

26th June 2019 | Written by In Accountancy | Categories : HMRC, local interest, News, Personal Tax, Tax
Tax Free Childcare – what you need to know

Tax Free Childcare is something which all new parents and parents to be should be aware of. For many working parents, childcare costs can play a large role when planning a return to work, or considering their career options and working hours. As traditional childcare vouchers have now closed to new entrants, some working parents and parents to be are concerned Read the full article…


When a car is not a car (for VAT purposes)

24th June 2019 | Written by In Accountancy | Categories : Accounts, Business, HMRC, Limited Companies, News, Tax, VAT
When a car is not a car (for VAT purposes)

For VAT purposes, it’s important to know the difference between cars and other vehicles. This is because in most cases, VAT-registered businesses can’t reclaim the VAT when they buy a car. But they may be able to reclaim the VAT when they buy a commercial vehicle, motorcycle or motor home.


IN-Troducing Sue

21st June 2019 | Written by In Accountancy | Categories : News, Team News
IN-Troducing Sue

  We are absolutely delighted to welcome Sue Harris to the IN Team as Senior Accountant. Sue is an FCCA MAAT qualified accountant and joins us with more than 30 years experience in two of the area’s leading accountancy firms, having previously worked with Andy over 20 years ago while he was a partner at Hurst Accountants (and yes, she Read the full article…


Cycle to work scheme – updated June 2019 to include E-Bikes

19th June 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Limited Companies, Miscellaneous, News, Personal Tax, Tax
Cycle to work scheme – updated June 2019 to include E-Bikes

As cycling continues to grow in popularity with e-bikes leading the way in getting more and more people using pedal power, the government has at last lifted its cap on the value of bikes and associated safety equipment which can be bought through a cycle to work scheme. In the period from 2013-2017 only 4% of people cycled to work, Read the full article…


‘Flexible Extension’ To Article 50

7th June 2019 | Written by In Accountancy | Categories : Brexit, Business, HMRC, local interest, News
‘Flexible Extension’ To Article 50

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have commented on the six-month ‘flexible’ extension of Article 50, granted to the UK by EU leaders. The extension potentially pushes ‘Brexit Day’, the day when the UK officially leaves the EU, to 31 October 2019. Reacting to the news, the BCC stated that Read the full article…