Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.
As a result of automatic enrollment, millions of people now have a workplace pension. Once enrolled not only will you pay into the scheme, but so will your employer. It is important to know that the contributions you make may also attract tax relief. An individual paying a pension contribution is entitled to tax relief […]
When we lose someone close it is always a difficult and stressful time. To then take on the responsibility to sort out your loved one’s finances, property and possessions after they’ve died makes it even more so. It’s not easy to talk about situations that are related to death. Therefore ‘Probate’, the word used to […]
Did you know that this year, 32% of businesses and 22% of charities have identified cyber security breaches or attacks. Among these organisations, the most common attacks are: phishing emails (80% of businesses and 81% of charities experiencing breaches or attacks) others impersonating their organisation online (28% and 20%) viruses or other malware, including ransomware […]
The Annual Investment Allowance (AIA) provides an immediate deduction to many businesses for the cost of most plant and machinery and office equipment purchased, up to an annual limit. This means if your business buys a piece of equipment that qualifies for the AIA (which for clarification does not include cars), you can deduct 100% […]
Individuals that own additional and buy-to-let properties have been under the HMRC microscope for a number of years now. And this focus by HMRC is set to continue. Following the reduction in relief for mortgage interest, plus increased rates of Stamp Duty Land Tax (SDLT) and Capital Gains Tax (CGT) on additional properties, HMRC are […]