How can we help you?

Contact Us For updates on Brexit upcoming Webinars Read our Blog


Blog

New study shows how cloud accounting software saves businesses “substantial time and money”

According to a major new study, published by HM Revenue & Customs (HMRC), implementing cloud accounting software could help businesses save substantial time and money.The findings form part of new research examining the impact of Making Tax Digital (MTD) for VAT in the workplace following...

Read More

Small And Medium-Sized Businesses – What are the advantages of outsourcing accounting?

Many small and medium-sized businesses may not have the resources to have a dedicated finance team employed full time but still need additional support to manage bookkeeping, accounting and tax tasks. This is where outsourcing can provide a powerful tool for small and medium-sized enterprises (SMEs),...

Read More

CHIEF service to close from March 2023, Government reveals

The Customs Handling of Import and Export Freight (CHIEF) system will be replaced by a single unified customs service from March 2023, it has been announced.HM Revenue & Customs (HMRC) said its replacement, known as the Customs Declaration Service (CDS), will save businesses time and...

Read More

Fraud and COVID support – Audit risk assessments

During the last year, lots of businesses have had to rely on the COVID-19 financial support provided by the Government. Unfortunately, there is growing concern about fraud that may have been conducted during the use of these schemes.That is why HMRC is already undertaking many investigations...

Read More

How to choose the right auditor for your business

Every business should regularly review the service levels and costs associated with their audit.Choosing the right auditor is an extremely important decision. You will work with your auditors year after year, so their insights are likely to be fundamental to your business' success.Most accredited auditors...

Read More

HMRC helpsheet to support residential property sellers with new CGT rules

New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.HM Revenue & Customs (HMRC) said the new helpsheet – which can be downloaded here - will support taxpayers in complying with new reporting...

Read More

Electric car registrations surpassed 10 per cent mark in UK

According to new data, 10.7 per cent of car registrations in June were completely battery electric vehicles.In the same month, the Tesla Model 3 (a zero-emission car) was the largest seller in the UK, making it the first time electric car sales went past the...

Read More

Time to take advantage of the Kickstart and Apprenticeship Schemes

Businesses looking to expand or rebuild their workforce should take full advantage of the Kickstart and Apprenticeship Schemes to fund the recruitment and cost of hiring new staff. Kickstart Scheme Launched last year, the Government’s Kickstart Scheme has undergone a significant change, meaning that a business...

Read More

Taxman targets cryptoassets for Capital Gains Tax

As the old saying goes, in this world, nothing is certain except death and taxes.So, it was inevitable that HM Revenue & Customs (HMRC) would turn its attention to cryptocurrencies.This is an area of which we hear plenty about, but few know much about, except...

Read More

Struggling to pay your taxes? Seek help now

By the end of July, millions of people across the UK who complete an annual self-assessment tax return will be required to pay their second payment on account.Under the payment on account system, taxpayers must effectively make advanced payments towards their Self-Assessment tax bill, which...

Read More

Tax after Coronavirus: The Government’s response

The House of Commons Treasury Select Committee released a new report called ‘Tax After Coronavirus’ earlier this year, calling for landmark changes to the United Kingdom’s tax system to coincide with the effect of the pandemic. Packed with recommendations for the Government to consider, the 80-page...

Read More

Do small or medium-sized businesses need an audit?

The laws around audits are complex and while many of the UK’s largest businesses are required by law to complete regular audits, many smaller and medium-sized firms may not have to.However, just because there isn’t a legal requirement to complete an audit doesn’t mean that...

Read More

Help to Grow: Management scheme now open

The Government’s landmark Help to Grow: Management scheme is now open for applications.The initiative offers businesses free or subsidised training to level up in the wake of the coronavirus pandemic.Here’s what you need to know.What is the Help to Grow: Management scheme?The initiative will offer...

Read More

Pension savers hit hard by lifetime allowance taxation

Pension savers have been hit hard by tax charges, according to the latest Government figures.The amount of tax charged for people breaching the lifetime allowance (LTA) and annual allowance (AA) limits rose to an eye-watering £283m for the tax year 2018 to 2019.The Lifetime Allowance is...

Read More

Have you claimed from the SEISS scheme? Make sure to record it on your next tax return

Beneficiaries of grants from the Self-Employment Income Support Scheme (SEISS) are being reminded that they must include income from the scheme on their next tax returns to HM Revenue & Customs (HMRC), as it is subject to Income Tax and National Insurance.This scheme was set...

Read More