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.

Child’s Play – Your Childcare Choices Explained

In order to support parents who currently work, wish to return to work or increase their working hours the government has introduced new ways to help with childcare costs. A: Tax Free Childcare Scheme This long awaited scheme will start being slowly rolled out by the government from 28 April 2017 and over time will […]

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Scottish Taxes – An Update

The Scottish Parliament has devolved powers to control certain taxes.  These ‘Scottish Taxes’ are: Fully Devolved Taxes Land and Buildings Transaction Tax Scottish Landfill Tax Air Departure Tax (from April 2018) Partly Devolved Taxes Scottish income tax rates and bands Assignment of taxes: VAT (expected to commence 2019/20) The decision by the Scottish Government to […]

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Can my company get a tax deduction for a parking fine?

Your business makes lots of deliveries by van to clients and quite often drivers have to park on double yellow lines as there is no available parking nearby. The result is quite a lot of Penalty Charge Notices (PCNs) issued by the local authority or the police. Your drivers are instructed to avoid parking in […]

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More People Paying Inheritance Tax

Latest figures from HMRC reveal a 22% increase in inheritance tax (IHT) receipts in the 2015/16 tax year. This is a significant uplift from the average 12% annual increases that have been experienced since 2010. There are several factors which have contributed to the latest increase including rising property prices and the static IHT nil […]

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Dealing with distractions

Research suggests that when we are distracted from a piece of work it takes between 10 and 15 minutes to get back to that point of focus afterwards. It is no surprise then that we often find it difficult to complete our scheduled work tasks. What can we do to manage our external distractions? Schedule […]

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News

COVID-19: 24 September Update – Rishi Sunak announces Winter Economy Plan

We now know that there will not be the usual Autumn Budget.  Instead, Rishi Sunak has outlined the government’s plan, dubbed the Winter Economy Plan, to support businesses and safeguard employment over the next few months. Included in this update is an overview of the key points to note.  No doubt further details will be […]


Blog

Tax and Crypto Assets

2009 saw the launch of Bitcoin. Originally seen as being just for geeks and possibly hackers, crypto assets are becoming more common and even considered mainstream by many. HMRC has noted this increased interest in crypto assets. If you invest or trade in crypto assets and you pay taxes in the UK, you need to […]