Accountancy Blog

Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.

Countdown to new Capital Gains Tax Rules

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 […]

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VAT Domestic Reverse Charge for the Construction Industry – What You Need to Know

From 1 October 2020, there will be a major change to the way that VAT is calculated for businesses in the building and construction industries. The change, known as the Domestic Reverse Charge, is being introduced by HMRC to try and tackle fraud in this industry. Who does it apply to and when? The Domestic […]

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Why We Value Training

We understand that in order to be the best at what we do and continue to deliver Quality Advice-Quality Service, GWA needs the most knowledgeable and approachable employees. In order to achieve this, we recognise the requirement to invest in ongoing staff training – you will see us celebrating the resulting exam success in our newsletters. […]

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IRS or HMRC – Should You be Paying US Tax

Tax laws around the world have become increasingly complex in recent years with ever more scrutiny on tax evasion. The USA is no different, and the US Congress and tax authorities have been tightening up their compliance rules for US taxpayers with non-US income and assets. It is estimated that over 250,000 US taxpayers live […]

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The Road to Making Tax Digital

Spring is often described as the season of new beginnings, so it seems appropriate that 1 April was the launch date for, arguably, the biggest change in the UK’s tax system for 20 years. VAT registered businesses above the VAT threshold would be required to start recording their business transactions using digitally compliant software from […]

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News

Coronavirus/COVID-19: Update 7 April 2020

Although no new business support has been announced overnight, we are continuing to receive further clarity on existing measures. Some positive news we have received from a number of clients is that they have applied for and already received funding via the Small Business Grant Fund and Retail, Hospitality and Leisure Grant Fund.  If you […]


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Avoid the Cost of HMRC Investigation

Tax investigations by HMRC have been on the rise for a number of years. Anyone can be selected for an investigation by HMRC, whether you are a business, a director or an individual taxpayer. What does an investigation involve and why does it happen? Put simply, a tax investigation is when HMRC decides to take […]