Construction Industry Scheme

The construction industry scheme sets out rules for how payments to subcontractors for construction work must be handled by contractors in the industry, taking into account the subcontractor's tax status. We take a look at who the scheme affects and [...]

2019-08-05T09:33:08+01:00August 5th, 2019|Business|

Saving for Your Retirement

Almost half a million people over the age of 70 were in full or part-time work at the end of March 2019, according to the Office for National Statistics. This represents a rising year-on-year trend, and a 135% increase on [...]

2019-08-05T09:30:58+01:00August 5th, 2019|Personal Tax|

The Tapered Annual Pension Allowance

The tapered annual pension allowance for high net-worth individuals was in the headlines again recently. During 2019/20, the tapered annual allowance will have a much larger impact on those affected. If you are a consistently high earner, you are unable [...]

2019-07-11T17:11:04+01:00July 1st, 2019|Personal Tax|

Identifying Inefficiencies in a Business

One of the key principles in achieving greater efficiency is identifying recurring problems and addressing the cause rather than applying the same hack every time. Areas to improve efficiency could include cashflow, processes, accounting and tax. The greatest potential for [...]

2019-07-11T17:11:20+01:00July 1st, 2019|Business|

The Scourge of Late Payments

When you supply goods or services, you expect to be paid promptly, but there is a deeply embedded culture of late payments. For some businesses, delaying payment is an essential part of the business model. Outstanding payments are problematic for [...]

2019-06-03T16:51:03+01:00June 3rd, 2019|Business|

Accounting For Charities

In recent years, charities have felt under pressure, a combination of reduced investment from central government combined with economic uncertainty - more people are looking for help from charities, while at the same time fewer people feel able to give. [...]

2019-05-08T10:56:52+01:00May 8th, 2019|Accountancy|

Risk Assessment and Contingency Planning

It has been a challenging and eventful few years for UK businesses from the continued pressure of uncertainty relating to Brexit to events such as extreme weather and cyber-attacks. How would your business cope if it was affected by something [...]

2019-05-08T10:54:13+01:00May 8th, 2019|Business|

Registering For Making Tax Digital For VAT

The moment has come: if your business has a taxable turnover above the VAT-registration threshold, which is currently £85,000, you're now obliged to keep records in digital form and file your VAT returns using HMRC-approved software. If you prepare and [...]

2019-04-01T10:35:46+01:00April 1st, 2019|VAT|

Personal Tax Planning

With the Brexit process rumbling on, Making Tax Digital coming into force, and Easter around the corner, now is the time to put your financial plans in place for 2019/20. The way you receive an income, and the rates and [...]

2019-04-01T10:33:59+01:00April 1st, 2019|Personal Tax|