Autumn Statement 2015 – Date announced

November 4, 2015

The Chancellor has announced the date of the Autumn Statement. In late July, the Chancellor announced that the results of […]

Buy-to-let landlords selling up ahead of tax crackdown

October 29, 2015

Landlords and their accountants are realising the implications of the tax changes introduced in the Summer Budget. Big mortgage? All higher-rate taxpayers who own buy-to-let properties on which there’s a large mortgage will pay more tax.

HMRC accelerates to £1bn of collections

October 26, 2015

HMRC’s accelerated payments programme has now collected £1bn from users of tax avoidance schemes. Will you be next?

Capital vs revenue expenditure

October 21, 2015

Knowing whether business expenditure is revenue or capital is essential to the preparation of accounts, do you know which is which? HMRC has recently updated its guidance on the most common errors.

National minimum wage (NMW) rises

October 16, 2015

The government has announced some of the biggest real-term rises to NMW rates in recent years. From 1 October 2015, the hourly rates for workers aged 18 or over will go up by 3%, with a 2% increase for 16 and 17 year olds.

Financing start ups with SEIS

October 6, 2015

Raising finance for a start up company can be difficult at the best of times, but it can be easier if investors are protected should your company do less well than expected.

Pensions freedom

October 2, 2015

The pensions freedom rules are very useful for people in retirement – providing lots more flexibility – but there are dangers if you draw funds without thinking through the possible tax consequences.

HMRC time to pay arrangements – introducing mandatory direct debit

September 29, 2015

Direct debit has always been HMRC’s preferred method of payment for any regular time to pay arrangement. However from 3 August 2015 payment by direct debit is mandatory.

Ultra-low emission vehicles

September 25, 2015

An ultra-low emission vehicles (such as electric cars, electric vans and other ultra-low emission cars with low C02 emissions) benefit from a number of tax advantages, although somewhat less so since 6 April 2015.

Employers liability insurance: compulsory not voluntary

September 18, 2015

Have you got employers liability insurance? It’s compulsory. If you don’t have this insurance in place, then you can expect to be fined up to £2,500 for every day you are not properly insured.