Month: October 2017

  • Best Advanced Taxation exam mark in the world

    We are delighted to announce that one of our up and coming accountants James Cox has achieved the best ACCA exam mark in the world, yes that’s right worldwide. With a mark of 93 in his September 2017 Advanced Taxation exam he continues his progress with outstanding success. As your accountants we are constantly working to give you the…

  • Pensions – Managing automatic re-enrolment

    Once you’ve been running auto-enrolment for three years you’ll need to re-enrol workers. Over the last five years there has been a seismic shift in attitudes towards retirement saving. Auto-enrolment means workplace pensions are now regarded by many employees as a normal part of working life. Although detractors argue that minimum contributions lull people into…

  • VAT and three-party transactions – the minefield explained

    A guide to the VAT implications of having three entities involved in a transaction. VAT can get very complicated when there are three parties involved in a transaction. This may happen in an agency situation where one party is arranging for the supply of goods or services in return for a commission, but it can…

  • Finance Bill 2017-19 round up – what you need to know

    The government has published Finance Bill 2017-19, containing a number of changes that will affect both savers and investors. Many of the measures in the Bill were expected in April 2017 but were withdrawn due to the snap general election, which took place on 8 June 2017. Most of them have now been reinstated with…

  • Sole traders and cash issues

    Nearly half (41%) of self-employed people struggle to save any money each month, leaving them exposed to financial problems. Insurer LV= surveyed 9,495 self-employed workers and found one in three could not survive for more than three months if they lost their income. Nearly two thirds (62%) of respondents said monthly bills eat up the…

  • Buy-to-let tax regulations and rent increases

    Landlords are increasing rent prices due to the recent introduction of buy-to-let tax regulations, according to a study. Estate agent Your Move analysed rental prices on around 20,000 properties and found the average rent in England and Wales rose by 3.1% in the past year to £874. The rise in rental prices can be attributed…

  • Paper tax return deadline 31st October

    The deadline to submit your self-assessment paper tax return for the 2016/17 tax year is 31 October 2017. All income received during the tax year running from 6 April to 5 April must be accounted for in your tax return. To report your income, claim tax reliefs or any outstanding repayments, you need to complete…