Blog & News
Blog and NewsPlease have a look through our blogs, we have a variety of industry news and company news.
Capital Gains Update
New legislation has been introduced regarding the reporting requirements of UK residents disposing of UK properties. From 6 April 2020 a disposal of a residential property must now be reported and tax paid to HMRC within 30 days of the completion of sale. The new...
Solicitor Accounts Rules Changes
The Solicitor Accounts Rules (SAR’s) are a set of rules put in place to regulate solicitors and law firms of England and Wales. They are governed by the Solicitors Regulation Authority (SRA) which is the independent regulatory body created by the Law Society. The...
What is an audit?
What is an audit? An audit is an official inspection of an organisation’s accounts, which aims to provide an independent opinion on the ‘truth and fairness’ of a set of financial statements. This is important because often those that own the company, the...
Does my company need an audit?
Whether your company needs an audit will depend on a number of factors. It’s size, what the articles of association say and if the shareholders ask for one. For audit exemption a company must qualify as small, or have qualified as small in the previous year &...
What is the audit process?
The audit process includes procedures to obtain audit evidence to provide the auditor with reasonable assurance that the financial statements are free of material misstatement. An audit will examine the financial records of the entity being audited to verify they are...
Who needs to complete a Tax Return?
You may be starting to think about whether you need to complete a Tax Return this year? To help with this we have summarised the main points below. Generally those individuals who receive a source of income, that is not taxed at source e.g via PAYE, should be...
Making Tax Digital for Business: VAT
HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Regulations have now been issued which set out the requirements for MTD for VAT. Under the new rules, businesses with a...
Employer Provided Cars
The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are now announced well in advance. Most cars are taxed by reference to bands of CO2 emissions multiplied by the original list price of the vehicle....
Self-Funded Work-Related Training
The government had previously announced that it would consult on extending the scope of tax relief currently available to employees and the self-employed for work-related training costs. A call for evidence consultation has now been issued. Under current rules: • an...