Capital Gains Tax on sale of shares
Have you sold or disposed of any shares in the past few years and made a profit? If yes, did you remember to disclose this on your annual self-assessment tax return? Any sale of shares must be declared on your…
Payroll News 2024/5
Payroll News With the new tax year approaching fast, our Payroll news for 2024 below is a summary of information that will affect your payroll in 2024/25. Please take a moment to check the details as action may be needed…
Furnished holiday lets tax regime abolished
In the 2024 budget, the Government has announced the furnished holiday lets tax regime will be abolished from April 2025 Several announcements in this week’s budget will affect property owners. Please take a moment to see if these affect you…
Spring Budget 2024
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes The Chancellor made further changes to National Insurance contributions (NICs),…
Negligible value claims for shares
What are negligible value claims for shares and why do they matter to you? Have you purchased shares in a company which have ended up being worthless whilst you have owned them? If yes, you may be able to make…
Top five accounting errors
Accounting errors and how to avoid them Accounting errors are all too frequent which can have a detrimental impact upon any business. From incorrect financial statements affecting business decisions to penalties from HMRC, errors must be avoided at all costs.…
Accounting for VAT on Imports – C79 and PVA
Businesses in the UK must pay import VAT on goods worth more than £135, since Brexit, this has included goods imported from the EU. Due to the potential cashflow implications this may have on businesses HMRC introduced an alternative to…
The Autumn Statement 2023
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National…
New Vacancy for a PA to Join our Firm
Due to continued expansion, we have an exciting role to join our firm as a Personal Assistant (PA) to one of our Senior Accountants. The role is ideal for anyone with existing PA experience looking for a new challenging role…
Register for VAT paper form to be removed by HMRC
Are you one of the 5% of new or existing businesses planning to register for VAT using the current paper VAT1 form? If yes, you need to be aware that from next month, the paper VAT 1 form will no…