Changes to the VAT Flat Rate Scheme

Posted by on Mar 31, 2017 in HMRC, Uncategorized, VAT | 0 comments

From 1 April 2017 the VAT Flat Rate Scheme will be changing for some small businesses. Currently the flat rates percentages range from 4% to 14.5% depending on the type of business. The new percentage is 16.5% and applies to businesses with low expenditure relative to their sales. The test is if the VAT inclusive […]

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Christmas and New Year Holiday Opening Hours.

Posted by on Dec 23, 2016 in Team News | 0 comments

  Merry Christmas! Just a note to remind you all that we’re closed for the Christmas period from the 24th December. We reopen on Tuesday 3rd January at 9am. Have a great Christmas and we’ll see you in 2017!        

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Axe the Tenant Tax – Buy-to-let mortgage tax relief setback

Posted by on Nov 6, 2016 in HMRC, tax | 0 comments

In October 2016, the group legally challenging the government’s decision to cut tax relief on buy-to-let loans, suffered a setback when their challenge was rejected by a judge advising that it was “bound to fail” and therefore should not proceed to court. The group is called “Axe the Tenant Tax” and was represented by Cherie […]

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HMRC – Making Tax Digital

Posted by on Oct 3, 2016 in cloud accounting, employees, employers, HMRC, SME, tax | 0 comments

  Below is a brief summary about the ‘Making Tax Digital’ consultations and proposals from HMRC.   HMRC’s vision is for businesses to be able to easier understand and manage their tax affairs. It wants to make greater use of the information that it already holds such as bank and building society interest to make […]

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2016 Budget Summary

Posted by on Apr 13, 2016 in HMRC, small business, SME, tax, Uncategorized | 0 comments

On 16 March 2016 George Osbourne presented his budget, the budget was followed by the publication of the finance bill on the 24 March. Here are the top key points affecting small business. Personal Allowance For 2017/18 the personal allowance will increase to £11,500 (2016/17: £11,000). The basic rate band will increase to £33,500 (2016/17: £32,000), resulting […]

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The Town That Took on the Taxman

Posted by on Jan 21, 2016 in HMRC, small business, SME, tax | 0 comments

  There was a great programme on the TV last night. “The Town That Took on the Tax Man’” You can catch up with it on iPlayer here: A group of traders from Crickhowell, set up a multinational tax avoidance scheme using the same techniques used by the likes of Starbucks, Amazon & Facebook […]

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We are recruiting for a new accountancy apprentice

Posted by on Sep 11, 2015 in Team News | 0 comments

If you are interested in starting a career in the accountancy profession you may be pleased to hear we are recruiting for an apprentice.

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Is VAT recoverable on car derived combi-vans?

Posted by on Jun 3, 2015 in HMRC, SME, VAT | 0 comments

HMRC have issued a list of makes and models of car derived vans and combi vans which VAT registered businesses can use to determine if the VAT paid on the purchase can be reclaimed as input tax. The issue is that VAT will normally be claimable in full on the purchase of a commercial vehicle. However […]

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Auto Enrolment

Posted by on Feb 9, 2015 in employers, HMRC, Uncategorized | 0 comments

We’re posting a series of short blogs regarding auto enrolment, if you are an employer and you have staff this WILL apply to you. Too many employers are still burying their heads in the sand, the start date for the largest employer was 2012 and the smallest employers are caught in 2017. Read on and […]

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Starbucks (Tax Planning) vs The EU

Posted by on Nov 16, 2014 in tax | 0 comments

The US coffee chain, Starbucks has been receiving some fairly heavy criticism over the last couple of years after it has emerged that they have paid almost no tax in the UK between 2002 and 2012. Actually, it’s amazing that a company which has posted such significant losses within the UK is still trading. Since […]

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