Search This Page

Blog

We like to keep ahead of the curve wherever we can – whether that’s technological advances, legislation, or just what’s happening in accounting. Then share it all as free advice on our blog page.

View What options are left for you to pay your tax?

What options are left for you to pay your tax?

You want to pay your tax. Well, you have to pay your tax – but how can you do it? As we have previously reported, HMRC will no longer accept payment of tax using a personal credit card. Also, payments cannot be made at the Post Office. So how can you pay your tax? The remaining…

Read More


View National Minimum Wage is mandatory – except when it isn’t!

National Minimum Wage is mandatory – except when it isn’t!

In most cases the National Minimum Wage is an obligation not a guide. There is a temptation to consider that the National Minimum Wage (NMW) and National Living Wage (NLW) rates are a guide to the amounts you should be paying employees. In fact, they are the minimum rates you should use (unless you are…

Read More


View Timing is Paramount Part II

Timing is Paramount Part II

Organise your affairs sooner rather than later. The week before Christmas we posted an article stressing the value of checking out the tax consequences of investing in new plant and equipment. We stressed the importance of timing. But this is just one issue that should be considered before the end of the current tax year. Every business…

Read More


View VAT disaggregation explained

VAT disaggregation explained

It’s all about the planning Vat Disaggregation may be a term you haven’t heard. So we’ll explain it here. There are many businesses that benefit from not being VAT registered. In the UK, there is no obligation to register until your taxable turnover exceeds £85,000. For many smaller businesses, especially those that buy and sell…

Read More


View An unhappy new scam for the new year

An unhappy new scam for the new year

Unfortunately, the season seems to bring out the good and the not so good in human nature with a new scam that targets the vulnerable. Readers are advised to be wary of the following scam that is targeted at vulnerable and elderly taxpayers. The notice issued by HMRC says: HM Revenue and Customs (HMRC) is…

Read More


View Have a Mock VAT Inspection by our former HMRC Higher Officer

Have a Mock VAT Inspection by our former HMRC Higher Officer

Can you think of anyone better to carry out a mock VAT inspection than our friendly ex HMRC Higher Officer? Neither can we. It’s a perfect way to get all the results without the ramifications. Because no matter how watertight you feel you may be, an inspection by Her Majesty’s Revenue and Customs is likely to…

Read More


View Timing is Everything For Self Employed

Timing is Everything For Self Employed

Timing is everything for the self employed as ee are fast approaching the end of the 2017-18 tax year. In fact, the 31 March (or 5 April) is probably the most common trading year end date for sole traders, partnerships and limited companies. And individuals have no choice, the self-assessment tax year ends on 5…

Read More


View What You Can Claim On Staff Entertainment

What You Can Claim On Staff Entertainment

AKA: Can you claim back on drinks? Michele is a former HMRC Higher Officer who worked for HMRC from ‘88 to ‘16. She has the rare ability to explain to laymen and experts alike, in as simple terms or as detailed as her audience would like. She was recently asked a question regarding staff entertainment. Given…

Read More


View A Check List For GDPR In 2018

A Check List For GDPR In 2018

You Have To Comply With GDPR As of 25 May 2018, businesses that store the personal data of staff, customers, suppliers and business contacts has needed to comply with the General Data Protection Regulation (GDPR). Basically, you will need to know what personal data you keep, where you keep it, who you share it with…

Read More


Get in touch with us

Contact Us
Contact Us

© Copyright 2019 Bracey's   |   Web design by Strand PR