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The AV Blog

Certificates of Tax Deposit Schemes Closed

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 […]

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New Year’s Resolutions – Success or Epic fail!

Whether you think you can or you think you can’t, you are right either way! – Henry Ford Every year it is reported that millions of us make New Year’s Resolutions but less than 10% of these ever succeed. The ritual of making a New Year Resolution is not new.  The tradition can be traced […]

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The Virtual Finance Director

An innovative cost effective way for small businesses to manage their finances  By Becky Wemyss ACA 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 […]

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HMRC phishing emails, texts and tax scams

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, […]

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Christmas Opening 2017

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 […]

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Are Wages for Family Members Fully Deductible?

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 […]

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HMRC Payment Changes

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 […]

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Abolition of Class 2 NIC delayed until 2019

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 […]

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FREE EVENT | Understanding your Numbers – Predicting the Future

How would you like to know the impact of a decision, before you’ve made it? With Management Accounts, you can! How do Management Accounts help business owners? Having management accounts allows you to make informed decisions as they enable you to see your business’ financial position in detail. Management accounts collate information such as revenue, […]

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