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.

BREXIT – Key Commercial Information for Exporters and Farmers

We know that the uncertainty over Brexit looks likely to continue for some time yet. Therefore, we make no apology for returning to the subject as Westminster continues to debate what our relationship with the EU will look like after we leave. HMRC have issued, and continue to update, guidance for businesses. We want to be […]

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Capital Taxes – What Does the Future Hold?

There are changes for both the 2019/20 and 2020/21 financial years in relation to capital taxes. We have highlighted a couple of these below. These and other adjustments are not major, however we want to encourage clients to review their capital tax position for the longer term in order to be prepared should any more […]

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Make Payroll a Priority

With the new tax year still in its infancy, it is worthwhile making sure you are up to date with all the new rates and regulations in relation to payroll requirements. National Living Wage & Minimum Wage On 1 April 2019 the national minimum wage and national living wage rates were increased across all bands. […]

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Year End Tax Planning Opportunities – February 2019

With the 5 April tax year end approaching now is a good time to review your personal finances and how to minimise your tax liabilities. It may seem like a recurring theme but there are usually opportunities, large or small, which can make a difference. Business Structure Ensuring you have the correct business structure can […]

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MTD for Rural Businesses

From 1 April 2019 all VAT registered businesses with taxable turnover over the VAT threshold, currently £85,000, must provide their VAT return data to HMRC digitally. Our recent seminars, held in conjunction with two of the leading software providers Xero and Farmplan, provided advice on how to make the switch from manual accounting records. At […]

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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 […]