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 1 October more than 100 countries, including the UK, will be able to exchange data on financial accounts under the Common Reporting Standard (CRS). CRS data will significantly enhance HMRC’s ability to detect offshore non-compliance. It is in taxpayers’ interests to correct any non-compliance before that data is received. The most common reasons for…
We are often quizzed by clients who are contemplating working from home: what are the tax consequences? And in particular, will I have to pay capital gains tax? Capital gains tax Generally speaking, if your business use is limited to allocating space for a home office, then as long as there is a duality of…
As a company director, you need to be kept up-to-date with the latest changes in regulations. Especially when extracting funding from your company as this poses significant challenges when legislation and personal circumstances are constantly changing. Because of this, we have put together a brief video that explains six options available to you that you…
It’s one of the first things a budding entrepreneur considers, what name to register their company as. If you intend to incorporate your business as a limited company, the registration process will filter out unacceptable names. Or, rejecting names that are too similar to a company already registered at Companies House. However, this registration process…
Although we strive to be non-political in this blog, it would seem that there is an increasing likelihood that when we leave the EU March next year the present free movement of goods will no longer apply. And so, putting aside our reaction to this possibility, what should we be doing to prepare for this…
The Bracey Bunch are hitting the road this month as we attend Unbound London, an exhibition aimed at creating partnerships and new opportunities with brands, corporate executives and investors. Featuring more than 5,000 entrepreneurs, investors, CEOs and brands, the two-day event will include talks from industry leaders, workshops and stands for attendees to visit while…
Have you been a victim of fake taxman emails? New figures show that HM Revenue and Customs (HMRC) requested a record 20,750 malicious sites to be taken down in the past 12 months. This represents an increase of 29% on the previous year. Despite a record number of malicious sites being removed, HMRC is warning…
In this article we’re looking at tax changes because last week the Treasury issued draft clauses for the forthcoming Finance Bill (to be published after the Autumn Budget later this year). These will set the scene for tax matters 2019-20 and beyond. The aim of the advance notice is to give interested parties a chance…
Those of you who have had the pleasure of working with our Edinburgh accountant Kirsty will know that she has recently headed across the border to replicate her success from our Hitchin office to the cobbled streets and bag-piped delights of Edinburgh. Bracey’s Edinburgh Accountant So, we wanted to speak to Kirsty, Bracey’s Edinburgh Director,…
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