News

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

What is an employee?

The risks to any business paying for the services of an individual are significant. Paying a person as if they are self employed can result in large arrears of PAYE and NIC being payable by the employer. An indication of the complexity of the issue is to be found in a report by the Office […]

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Changes to charity audit exemption thresholds

In July 2012, Lord Hodgson issued a report on the Charities Act 2006 which included a number of recommendations for charities in England and Wales. One of these was to increase the audit exemption threshold. Further to this report, two statutory instruments have been laid before Parliament and are effective in England and Wales for […]

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GWA Pirates compete in B.A.R.C. Trades 4’s

Well done to the GWA Pirates (from left to right: Andrew Dixon, Nicola McClymont, Brendan Thorburn and Martynas Zigmantavicius) who ably represented Greaves West & Ayre at the Berwick Amateur Rowing Club Trades 4’s on Saturday 29th August after only a few training sessions. This annual community event, ‘the Henley of the North’, brings together […]

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Recognising Phishing Emails

HMRC have published updated guidance on the gov.uk website on how to recognise when contact from HMRC is genuine and how to recognise phishing and bogus emails.  Phishing is the fraudulent act of emailing a person in order to obtain personal and financial details, such as passwords and credit card and bank account details. Phishing […]

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Prompt payment discounts and VAT

If you offer a discount to your customers for prompt payment, the VAT treatment in your VAT accounts has become quite tricky. For many years UK legislation has allowed suppliers to account for VAT on the discounted price offered for prompt payment even when that discount was not taken up. An example would be a […]

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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 […]