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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 How Will Coronavirus Impact The Budget?

How Will Coronavirus Impact The Budget?

Most political analysts appear to agree that the growing disruption caused by the Coronavirus outbreak combined with continuing Brexit uncertainty are likely to impact demand and supply. A combination that may well result in a slow-down in global economic activity. Budget 2020 And SME’s It seems unlikely that the Budget announcements this week will do…

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View Self Employed Vs. Employed | The Pros And Cons

Self Employed Vs. Employed | The Pros And Cons

Should you be backing yourself to run your own business? Before you go making any dramatic and life-changing decisions, this article presents a few of the pros and cons of taking the step. The Pros Perhaps the most obvious advantage of being self employed is the opportunity it presents to gain more than one income…

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View Mis-Selling Of Leasehold Interests

Mis-Selling Of Leasehold Interests

The Competition and Marketing Authority (CMA) has published information recently that points to evidence of potential mis-selling and unfair contract terms in the leasehold housing market. Their concerns have been listed below: Ground Rents Homeowners having to pay escalating ground rents, which in some cases can double every 10 years. This increase is often built…

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View Residential Property Sales | 30 Days Or Else

Residential Property Sales | 30 Days Or Else

From 6 April 2020, residential property sales that are subject to capital gains tax (CGT) will need to be reported to HMRC within 30 days of the sale. Any CGT due will also need to be paid in this 30-day-period. Property Sales Affected a property that you’ve not used as your main home a holiday…

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View Tax Year 2019/20 | Bracey’s Are On Your Side

Tax Year 2019/20 | Bracey’s Are On Your Side

As we approach the end of the tax year 2019/20, it is worth reflecting on the role of HMRC in our tax affairs. Without a doubt, HMRC, tax legislation and its application, will continue to ensure that you pay your taxes. You can rely on HMRC to pounce if they feel that you have underpaid…

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View Dormant Money Scheme To Be Expanded

Dormant Money Scheme To Be Expanded

Money untouched for over 15 years in bank accounts has been funding good causes under the Dormant Assets Scheme that launched in 2011. Around £600m has been transferred from High Street banks and building societies to support community initiatives across the UK. The Government is now planning to extend the scheme. What Sectors Would Be…

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View Medical Update | GP Pension Tax Charges

Medical Update | GP Pension Tax Charges

New changes are being introduced to the annual allowance pension tax charges for NHS GPs. From 2019/20, clinicians who have reached their annual pension allowance and are subsequently notified of a tax liability, will be able to choose ‘Scheme Pays’ on their pension form, meaning that they don’t have to worry about paying the tax…

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View Budget 2020 Predictions

Budget 2020 Predictions

The resignation of chancellor Sajid Javid this month opened the door for Rishi Sunak to take on his role. But, also landed him with the enormous task of preparing the Budget within a month. There was some speculation that the Budget could be delayed. But, Boris Johnson is keen to press ahead with the original…

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View Discount Is Good News For Pubs

Discount Is Good News For Pubs

Publicans have a reason to celebrate with the Government’s announcement of a £1,000 business rates discount for pubs. The relief announced on 27 January 2020 will be available to public houses with a rateable value of less than £100,000 and it will apply for one year from April 2020. Central government will reimburse local authorities…

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