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.
From a business perspective, there is not much to be merry about this year especially if you need some clarity regarding our impending exit from the EU. Never-the-less, business owners would be wise to consider the tax-free gifts that can be made to ease the financial needs for extra funds over the festive season. In…
Time to let your hair down? Enjoy a festive moment or two with your business colleagues and staff? If you are careful with your budgeting, you can enjoy the event without increasing your tax or National Insurance payments. Here’s what you need to consider: What’s exempt? You might not have to report anything to HMRC…
From 1 April 2019, ALL VAT registered businesses with turnover above the £85,000 VAT registration threshold will have to submit their VAT returns from within software that can link with HMRC’s networks. This is part fo HMRC’s vision of making tax digital. In techno-speak, your data will need to be transferred using a designated API…
Owners of properties on estates or sites that are obliged to pay service charges to a management company – for example, for the maintenance of common areas, gardens, or the employment of a site warden or caretaker – may be in for an unwelcome surprise. Previously VAT Exempt It would seem that HMRC have applied…
OpRA is the acronym for an optional remuneration arrangement. Before April 2018, these were termed “salary sacrifice” arrangements. Essentially, both are benefits in kind (BiK) offered to employees in place of salary increases. Recent changes ensure that, that where such benefits are offered recipients many are taxed as if the cash value of the benefits…
Truthfully, no one knows what trading conditions will be like once we exit the EU. Will supply chains seize up or will it be business as usual? If there is a possibility, however remote, that the commercial landscape will change, doesn’t it make sense to undertake an assessment of any downside risks and plan for…
Many small businesses, including landlords, use private bank accounts to lodge business receipts and make business payments. If traders in this situation are subject to an HMRC enquiry into their business affairs, HMRC would be entitled to request sight of all bank accounts that record business transactions even if those accounts are essentially, personal bank…
If you are about to move abroad and are already receiving a State Pension in the UK, you might like to read this article setting out some of the issues you will need to consider. If You Live Part Of The Year Abroad You must choose which country you want your pension to be paid…
Firstly, congratulations! This is another huge milestone in your career. There are over 7,545 GP practices and 34,000 GPs in the UK working on improving patient care and dedicating vast numbers of hours to our NHS services. Now you’re starting your career, you have options as to how you work with the NHS: Employed as…
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