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Labour to end 'scourge of tax avoidance' Leave a comment Read more »

Labour to end ‘scourge of tax avoidance’

It’s party conference time again and John McDonnell, the Shadow Chancellor, has just delivered his plan for a future Labour Government. Some may say there’s little chance of that happening but in today’s world, where Donald Trump can run for US President, anything can happen.…


Making tax digital - What it means for you Leave a comment Read more »

Making tax digital – What it means for you

Making Tax Digital – HMRC’s project to get all taxpayers to keep records digitally, and to send these to HMRC quarterly –  is the big story for accountants at the moment. And so it should be. Tax rates and rules change on a regular basis but this…


Back down to earth Leave a comment Read more »

Back down to earth

You can always rely on HMRC to ruin a party. Take Christmas, for example: enjoy your presents and Christmas dinner, they say, but don’t forget that your tax return needs doing, or that you’ll have a tax bill to pay come the New Year. And so it was…


Choosing an accountant Leave a comment Read more »

Choosing an accountant

Choosing an accountant can be a difficult task. For a start there’s a lot of us out there. And if you haven’t used an accountant before it can be difficult to know what services you need, and how much you should be paying for them. Thankfully…


Free calculator for foster parents Leave a comment Read more »

Free calculator for foster parents

We have a number of clients who are foster parents and so we understand how difficult it can be for foster carers to calculate their tax liabilities. Briefly, foster parents have an exempt amount for each year which is calculated, in part, by reference to…


The NICs Employment Allowance and one-man-band companies Leave a comment Read more »

The NICs Employment Allowance and one-man-band companies

Since April 2014, employers have enjoyed a reduction of up to £2,000 in their NICs bills. This is known as the Employment Allowance and, for many companies, it means that no Secondary Class 1 NICs are payable. From April 2016, the maximum amount of the employment…


Budget 2016 Leave a comment Read more »

Budget 2016

Yes, there has been another Budget. In the last 12 months George has stood up in the House of Commons to deliver Budget 2015, Summer Budget 2015, Autumn Statement 2015 and now Budget 2016. I see more of George Osborne than I do some of…


Alert! Charities with trading subsidiaries Leave a comment Read more »

Alert! Charities with trading subsidiaries

It is common for a charity to set up a subsidiary to carry on its trading activities. This is done for a number of reasons, including to secure a tax advantage. However, it is not tax avoidance: the principle of using a trading subsidiary is…


New Co. Sec. requirements for companies Leave a comment Read more »

New Co. Sec. requirements for companies

Given the current media obsession with Cameron, Bo Jo and pals you’d be forgiven for thinking that the only thing of interest in June is the EU Referendum. But you’d be wrong, at least if you have an interest in all things company secretarial. Forget…


New rules for employees' expenses Leave a comment Read more »

New rules for employees’ expenses

From April this year, new rules will apply with regard to the reporting and taxation of expenses relating to an employee. The current rules The rules in place up to and including 5 April 2016 work like this: the employee incurs an expense – say,…


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