De-Stress Your Audit

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

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Coronavirus Job Retention Scheme (CJRS) Extended

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

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Accounting for Import VAT on your VAT return

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

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WARNING! SEISS Phishing Scam doing the rounds!

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

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Recovery of VAT on Electric car charging

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

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No Change on IR35 for ‘Small’ Employers

‘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

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Reports of Furlough Fraud on the Rise

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

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Inland Revenue Cracks Down on Second Home Tax Loophole

Holiday home owners who have registered their property for business rates will now have to show HMRC that they have actively marketed their property and let it for 140 days per year in order to qualify. This could result in thousands of second homeowners facing rising costs. Second homes registered … Continued

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