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The AV Blog

Accounting made simple!

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 […]

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We’re Hiring – UK Accountant/Client Manager

Exciting opportunity! UK Accountant/Client Manager job for an innovative, exciting company based in Milton Keynes, paying £35,000-45,000 p/a basic salary dependent on experience.  Part-time and flexible working patterns are available for suitably qualified applicants.   For more information visit our Careers Page…

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Changes to Minimum Pension Contributions from April 2018

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 […]

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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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