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Ring in the changes – or else!
There are a number of obligations that business owners should be aware, that involve them informing HMRC of changes to their business…
Why looking back is as important as looking forward
We are always being told not to look back. “Don’t look back, you are not going that way” is one saying that I come across…
Capital Gains Tax liabilities
Capital Gains Tax (CGT) is defined by the Government as: "Capital Gains Tax is a tax on the profit when you sell (or ‘dispose…
Tax Credit Changes Approved
The government has recently confirmed that the draft Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations…
8K – Recurring Revenue
Onto week 5 of the 8 Key Drivers of Business Value: Recurring Revenue! Having a reliable and consistent source of income without…
January 2017 Q&A
Q. I am thinking of renting out a small outbuilding that I own to a friend so that he can store his work equipment in it when he's…
The Autumn Statement 2016
This is aimed at those who didn't receive our client newsletter - that is still available at http://eepurl.com/cqcb0b. If you do…
We must be doing something right for our clients!!!!
The British Franchise Association (bfa) has announced that the UK's largest network of accountants, TaxAssist Accountants, has won…
Clothing for employees
If you provide clothes for your staff to wear at work you need to be aware of the tax and VAT implications which may vary according…
September 2015 Q&A
Q. I have recently registered for VAT. What is the difference between ‘normal’ and ‘cash’ accounting? A. Under the normal…
Employment Allowance (Employer’s NIC relief)
The Summer Budget 2015 contained two announcements affecting the employment allowance (EA). Broadly, the EA potentially cuts every…
August 2015 Q&A
Q. I have realised that I made a mistake on my most recent VAT return. What should I do? A. You can adjust your current VAT account…
Buy to Let Properties
Following our post about the tax aspects of property investment, this covers issues relating to 'Buy to Let' properties. As always,…
Employment status case turned on right of substitution
Employment status tax cases often make the headlines in the professional press and the recent case involving Deliveroo riders was…
When tips are taxable
Confusion often arises regarding tips and gratuities as the tax and NIC treatment depends on how they are paid to the recipient.…