As a consequence of the increasing amount of missing trader VAT fraud in the construction industry forthcoming changes will alter the way that vat is calculated and paid by affected businesses. From 1 October 2019… Read More
Since its introduction IR35 has been fraught with uncertainty and it has never produced the millions of extra tax revenue that the Government predicted. HMRC have very few officers working on IR35 cases and following… Read More
We are delighted to announce that we have successfully submitted our first VAT return under the new Making tax Digital for VAT service #MTDfB. This makes us one of the first firms in the country… Read More
We are delighted to be partnered with Oxford Brookes University on their ACES project (Accounting for Community: Engaging Students) This week 16 undergraduates came to our office in Abingdon for a Charity Accounting Workshop. As… Read More
In under 6 months the Government’s first phase of digital taxation for businesses “ Making Tax Digital for VAT ” goes live, yet there still appears to be very little knowledge of what the rules… Read More
At the very heart of direct taxation for the self-employed is the concept of “wholly and exclusively for the purposes of the trade”. In order for an expense to be tax deductible the sole purpose… Read More
Many of our director/shareholders quite legitimately take their remuneration in the form of a small salary and the remainder in dividends. In most cases this avoids expensive National insurance charges which can be 12% for… Read More
Solicitors have in the past competently filled a role where they would handle the conveyancing of a property together with the Stamp Duty Land Tax Return, which is a form that must be filed with… Read More
It is that time of year again, when we start to think about the things we need to do for the tax year that we haven’t yet done. Save today for tomorrow! Accountants and Financial… Read More
Don’t forget to put November 22nd in your diary. It’s the Chancellor’s first official Autumn Budget. If you think that it seems like we have only just had a Budget you would be right. The… Read More
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