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Budget Will Not Now Take Place On 6 November

4th November 2019 | Written by In Accountancy | Categories : News
Budget Will Not Now Take Place On 6 November

On 25 October 2019 the Chancellor of the Exchequer Sajid Javid wrote to the Treasury Select Committee to confirm that the Budget will not now take place on 6 November 2019 as originally planned. You can read that letter here.


Tax Planning – What you should do if you run a profitable business, and when…

4th November 2019 | Written by In Accountancy | Categories : Limited Companies, Small Business Advice, Sole Traders, Tax Advice
Tagged in: Tax,
Tax Planning – What you should do if you run a profitable business, and when…

If you are running your own business holding a pre-year-end tax planning meeting with your tax advisors should be high onyour to do list. Here’s why…


Independent Review Of The Loan Charge

27th October 2019 | Written by In Accountancy | Categories : News, Tax Advice
Independent Review Of The Loan Charge

The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes used by individuals who entered directly into these schemes to avoid paying tax. Sir Amyas Morse,
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VAT Domestic Reverse Charge For Building And Construction Services Delayed

24th October 2019 | Written by In Accountancy | Categories : Client News, Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: CIS, supplier, VAT,
VAT Domestic Reverse Charge For Building And Construction Services Delayed

HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on VAT fraud. According to the government, large amounts of VAT
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Money Laundering Non-Compliance

21st October 2019 | Written by In Accountancy | Categories : Limited Companies, News
Money Laundering Non-Compliance

HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. HMRC is also advising that the published person may have changed their behaviour
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HMRC Collects Record Amounts Of IHT

19th October 2019 | Written by In Accountancy | Categories : Client News, Tax Advice
Tagged in: Government, HMRC, Tax,
HMRC Collects Record Amounts Of IHT

The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year. The increase comes on the back of a 15% rise in the number of estates liable for IHT.
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What is Profit and how do I calculate it??

18th October 2019 | Written by In Accountancy | Categories : Limited Companies, Personal Tax
Tagged in: Tax, Turnover,
What is Profit and how do I calculate it??

What exactly is profit and why does it matter? Or what’s the difference between net and gross profit and all the other related terms we hear? If this is a question you’ve ever asked or been asked, then hopefully the
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Experts Warning Over Insolvency Debts

16th October 2019 | Written by In Accountancy | Categories : Client News, News, Tax Advice
Tagged in: CIS, PAYE, small business, Tax, VAT,
Experts Warning Over Insolvency Debts

Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’, experts have warned Chancellor of the Exchequer Sajid Javid. The warning was issued in a letter from 11 business organisations and insolvency experts
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What is Turnover in relation to UK businesses?

15th October 2019 | Written by In Accountancy | Categories : Limited Companies, Small Business Advice
Tagged in: Turnover,
What is Turnover in relation to UK businesses?

What is Turnover? Turnover is a great indicator of business or sales performance, in fact it’s probably the most simple business metric there is. Turnover is not, however, an indicator of the health of your business though – read on
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Brexit-Readiness Events For Business

14th October 2019 | Written by In Accountancy | Categories : Client News, News
Tagged in: Brexit, Government,
Brexit-Readiness Events For Business

The Department for Business has launched a nationwide programme of events to help businesses prepare for Brexit. The free events are designed to provide free advice on a range of Brexit-related topics, including exporting, importing and employing EU citizens. Attendees
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Inheritance Tax and Gifting Made Simple

13th October 2019 | Written by In Accountancy | Categories : News, Small Business Advice, Tax Advice
Inheritance Tax and Gifting Made Simple

How to ensure your children pay less inheritance tax, and don’t get caught out by your financial gifts. Inheritance tax is an area we are frequently asked about. It seems to be the last area which business owners and individuals
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‘Major Gaps’ In No-Deal Brexit Guidance

11th October 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Small Business Advice
Tagged in: Brexit, Government, UK,
‘Major Gaps’ In No-Deal Brexit Guidance

According to the British Chambers of Commerce (BCC) there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses. The BCC carried out a review of official government no-deal Brexit guidance for businesses, and found that 31 of
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