blog

The winds of change

The winds of change

A new King, the possibility of a change of government next year, and signs that we may, at last, be emerging from the disruptions created by Brexit and COVID.

Meanwhile, back at helms of our small

read more
New Bill to crack down on online fraud

New Bill to crack down on online fraud

New legislation aimed at cracking down on rip-offs, protecting consumer cash online and boosting competition in digital markets has been published.

The new far-reaching Bill will have the following

read more
Your tasks if a VAT-registered business

Your tasks if a VAT-registered business

The taxable turnover threshold that determines whether businesses should be registered for VAT is currently £85,000. Businesses with turnover below this level can also apply for a voluntary VAT

read more
Company cars – working out taxable value

Company cars – working out taxable value

Where an employee with a company car is provided with fuel for their own private use by their employers, the default position is that the employee is required to pay the car fuel benefit charge. The

read more
Simplified tax system for savers

Simplified tax system for savers

The government has announced a number of new measures to help millions of people boost their future savings. One of these measures is a simplification of the Help to Save scheme.

The Help to Save

read more
Landlord responsibilities

Landlord responsibilities

There are a number of responsibilities that fall on a landlord that is renting out a property.

These include the requirements to:

keep rented properties safe and free from health hazards;
make

read more
Mobile phones and tax

Mobile phones and tax

When an employer incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these expenses. This includes costs for phones provided to

read more
VAT on imported vehicles

VAT on imported vehicles

The Notification of Vehicle Arrivals (NOVA) is an online notification system for vehicles entering the country for permanent use on UK roads.

You can use the service if you are:

a VAT-registered

read more
Retaining an interest in a gift

Retaining an interest in a gift

The settlements legislation is contained in s.624 ITTOIA 2005. The legislation seeks to ensure that where a settlor has retained an interest in property in a settlement that the income arising is

read more
Stamp Duty on shared ownership property

Stamp Duty on shared ownership property

Stamp Duty Land Tax (SDLT) is payable whether you buy a freehold property, a new or existing leasehold property or a shared ownership property. SDLT has been replaced in Scotland by the Land and

read more
Paying tax by credit or debit card

Paying tax by credit or debit card

HMRC has not accepted personal credit card payments since January 2018 when credit card surcharges on personal credit cards were banned.

However, HMRC continues to accept payments by corporate credit

read more
Less could be more

Less could be more

Is there mileage in the old adage that it is unwise to keep all your eggs in one basket?

Most businesses build an expanding customer list; each customer a separate income stream for their

read more

Small Business - Smart Thinking - because YOUR ACCOUNTS MATTER