News

Read our latest Practice News as well as sector specific and accountancy updates from across the UK.

FREE Digital Marketing Master Classes for Berwick Businesses

Social media and digital marketing have transformed the way business is carried out. Knowing how to capitalise on this is crucial as more and more customers are using digital technologies to find the businesses they require. This month and next the iNorthumberland programme is hosting two free full day events to demonstrate how Berwick and […]

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Tartan tax is around the corner

The Scotland Act 2012 introduced the Scottish Rate of Income Tax (SRIT).  This gives the Scottish Parliament power to set Income Tax rates for Scottish taxpayers.  It is due to come into effect from April 2016. It will impact employers and employees throughout the UK, not just in Scotland. Who does it apply to? All […]

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Maximising tax relief for two homes

The UK tax regime provides an important relief from the capital gains tax charge (CGT) on the gains made by owner-occupiers on the sale of their private homes. This is known as Principal Private Residence relief (PPR). The general principle is that only one home can count as a PPR at any one time. However […]

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Spreading income around the family

Owner managed companies often seek to minimise the tax position of shareholder-directors by involving members of the same family and using personal reliefs and lower rate tax bands of each person. Income is therefore diverted from the higher rate taxpayer. However, anti-avoidance rules need to be considered as to whether a diversion is effective. This […]

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Self assessment tax returns still need to be submitted on time

You may have seen in the press or on the TV a couple of months ago, news stories that implied that it would be easy to get out of paying an automatic £100 minimum penalty for the late filing of a self assessment tax return. The background to the initial news stories was the leaking […]

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News

Staff News Summer/Autumn 2020

Appointments Since our last newsletter two new faces have joined our team in Berwick. Diane Lyons has  joined our Accounts team and Loren Veitch has started work alongside our Wealth Management team. In September we also welcomed back Danielle Campbell to our Corporate Services/Tax team following the birth of daughter Evelyn Grace last year. Work […]


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 […]