Blog

Accountancy, bookkeeping and taxation are fast-moving areas. It is our job to keep up with changes so that you don’t have to! However, from time to time, we do share urgent, important or even entertaining subject matter with you in the form of our blog. Please browse at your leisure, and if there is any issue about which you would like more detail, please do not hesitate to call us today.

What is reasonable care

Date: 20th December 2019

The inaccuracy penalty system is intended to make penalties simpler to understand and more consistent across many taxes. HMRC has the power to significantly reduce the amount of penalties due. The largest reductions are for unprompted disclosures (as

Read more

Basis periods and change of accounting date

Date: 20th December 2019

HMRC’s guidance lists the following useful examples about a change of accounting date:

If your accounting date in 2016 to 2017 is more than 12 months after the end of the basis period for 2015 to 2016, your basis period is the period between

Read more

Paying wages to connected persons

Date: 20th December 2019

The definition of a connected person for tax purposes includes certain relatives, trustees, partners and companies.

A person is connected with an individual if that person is

the individual’s spouse or civil partner
a relative of the

Read more

Implications of the General Election result for employment law

Date: 19th December 2019

With the Conservative Party having won a majority in the General Election 2019, this has the following implications for employment law reform:

Manifesto commitments

The Conservative Party’s manifesto promised various measures,

Read more

Advice from Government when buying children’s presents

Date: 18th December 2019

As the election upheavals are now completed, the Government has issued a timely news release to help people shop safely for children's presents this Christmas. The Office for Product Safety & Standards (OPSS) is a part of the Department for

Read more

Government alert for charities

Date: 18th December 2019

The Charity Commission is the non-ministerial department responsible for registering and regulating charities in England and Wales, to ensure that the public can support charities with confidence. The Commission has published an alert after receiving

Read more

Cash gifts this Christmas

Date: 18th December 2019

We thought it would be useful to remind our readers of the IHT implications of making cash gifts this Christmas. You can give away up to £3,000 worth of gifts each tax year. This is known as your annual exemption. Any unused part of the annual

Read more

Could you claim a Christmas tax bonus?

Date: 18th December 2019

If you are entitled to the marriage allowance and have not yet applied, then you could receive a well-timed Christmas bonus of up to £1,150 from HMRC. The marriage allowance is available to qualifying married couples and those in a civil

Read more

When VAT should not be charged

Date: 18th December 2019

When a VAT registered business issues an invoice to their customer, they must seek to ensure that they charge the correct rate of VAT. Whilst most businesses in the UK charge VAT at the standard rate of 20%, there are a number of different VAT rates

Read more

Overview of foreign income taxation

Date: 18th December 2019

Income Tax is generally payable on taxable income received by individuals including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust income. The tax rules for

Read more
Page 40 of 47 1 38 39 40 41 42 47