An innovative cost effective way for small businesses to manage their finances  The Virtual FD is an effective way for your businesses to get access to an experienced financial professional at a fraction of the cost of a full-time FD. What do they do for you? Handle all the duties of a traditional FD, but […]

Cloud accounting products like Xero are without doubt disrupting the small business accounting world, and you may wonder why, or not really understand what it is! By Nikki Adams, CEO One of the barriers to small business owners and entrepreneurs talking to their accountants at the right times, when their advice is really needed, is […]

Under the Pensions Act 2008, the minimum amount an employer must pay into auto-enrolment pension schemes will increase over the next two years, with minimum contributions initially rising effective from 6th April 2018 and further increases outlined from 6th April 2019. In recent times, and up until 6th April 2018, the minimum contribution has been […]

Recent First-tier Tax Tribunal cases have held that non-resident property owners cannot be excused from penalties through ignorance of the law, with HMRC standing firm over late filing penalties for Capital Gains Tax (CGT) returns. Introduced in April 2015, non-residents must file a CGT return within 30 days of the disposal of a UK property, […]

The government have put an end to the Certificate of Tax Deposit scheme (CTD), announcing they are no longer available to buy from midnight on 23 November 2017. Although this decision has been made to ensure “the tax system is simpler and fairer”, current certificates will be honoured for an additional six years after the […]

We are aware that some taxpayers have recently received emails, claiming to be from HM Revenue and Customs (HMRC), asking for personal details or information relating to a tax return. In many cases, they are suggesting that the taxpayer is due a refund and should click on a link to claim the repayment. To clarify, […]

Our office will be closing for the Christmas period at 1pm on Friday 22nd December and will re-open at 8:30am on Tuesday 2nd January 2018. We wish you a very Merry Christmas and a Happy New Year! Friday 22nd December – 8:30am-1pm Monday 25th December – Closed Tuesday 26th December – Closed Wednesday 27th December […]

A high-profile case (McAdam v Revenue and Customs 2017) hit the headlines recently, with HMRC winning a First Tier tax tribunal in relation to the wages paid to the wife of a self-employed plumbing and heating engineer. In this particular case, Mr McAdam was paying his wife £90 per week for duties including answering the […]

HMRC have announced two significant changes to the way in which taxpayers and their agents are able to make Tax/NIC payments to HMRC. From 15th December 2017, it will no longer be possible to make payments to HMRC at the Post Office. The change derives from falling demand for the service and coincides with the […]

The Government has announced that the implementation of the new National Insurance rules will be delayed until April 2019. This allows for further consultation over concerns of the effect this will have on individuals with low profits. Under the current rules, if you are self-employed and earn more than £6,025 per annum you pay class 2 […]