Are you required by law or regulations to have your financial statements independently audited? Our Audit Team are experts in developing note based and cost-effective audit plans. We are not city centre based and can offer the best value audits for your business. #MoreThanJustNumbers #AccountingForTheFuture External Audits For more information, … Continued
The guidance has been updated with the CJRS end date and information on when claims for September must be submitted. The CJRS has been extended until 30 September 2021. From 1 August 2021, the Government will pay 60% of wages up to a maximum cap of £1,875 for the hours … Continued
HMRC have recently updated their guidance on accounting for VAT on goods imported from outside the UK which, since Brexit, includes the European Union. Businesses registered for VAT in the UK can account for import VAT on their VAT Return for goods imported into: Great Britain (England, Scotland and Wales) … Continued
HMRC have updated their guidance on claiming relief for company trading losses to take account of the extended carry back announced in the Spring Budget and now legislated in the Finance Act 2021. The guidance sets out the details required by HMRC where a company is making a claim for … Continued
We’ve been made aware by some clients that they have received an e-mail which looks as though it’s from HMRC with ‘IMPORTANT APPLICATION’ – You’re eligible for the fourth and fifth grants’ in the Subject field – A screen grab of this e-mail is featured here. The e-mail has a … Continued
If you sell residential property in the UK, with a few exceptions, you must file a ‘UK Land Return’ within 30 days of completion and pay the Capital Gains Tax (CGT) due. We are finding that clients are not being advised of this by their solicitors, so if you are … Continued
The Government is committed to encouraging more and more people to drive electric cars and have reduced or eliminated the income tax benefits of providing electric company cars or charging points for employees. Since 6 April 2019 there has been no taxable benefit for employees where they use an electric … Continued
In the Budget on 3rd March, the Chancellor announced a new 130% tax relief for expenditure on new plant and machinery incurred between 1st April 2021 and 31st March 2023. However, it now transpires that this tax relief is only available to limited companies, with the latest Finance Bill revealing … Continued
‘Small’ businesses will be outside the new IR35 obligations that we posted about on 5th February this year. Such organisations will continue to use the current IR35 rules, with the worker and his own company self-assessing whether the rules apply to the contract they have with their client. The definition … Continued
Reports to HMRC of possible furlough fraud have doubled in recent months. The Furlough scheme has protected 11.4 million jobs, costing £57 billion of Chancellor Rishi Sunak’s total bailout plan of £352 billion. Reports of potential fraud on this and other COVID support schemes such as the ‘bounce’ back’ loan … Continued
