Latest blogs for Services

  If you have a residential property which is worth more than £500,000 and is held in a company then you will be required to complete an Annual Tax on Residential Dwellings (ATED) form. The deadline is fast approaching with all ATED forms for 2018 to 2019 tax year being due for filing by 30th…

  A contractor in the construction industry, Mark Daniels, has won his appeal against HMRC. In MDCM Ltd v Revenue & Customs, HMRC were defending their decision that a contract between Mr Daniels’ personal service company MDMC Ltd and recruitment agency Solutions, which provided his services to Structure Tone Ltd,  should have been caught by…

  Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the management team of its £1m buyout of an insurance brokerage. The Whiting & Partners team, led by Chris Kelly, was approached by the management team after they had a potential opportunity to acquire the insurance brokerage from the founding…

  Making mistakes on self assessment tax returns however innocent can lead to enquiries, investigations and additional tax, interest and penalties. Below are some of the top mistakes many people make: Forgetting to include income from a previous employment that ended part way through a tax year. Forgetting to include benefits from a previous employment…

  The current system for processing customs declarations for imports and exports with non-EU countries is changing. The current CHIEF system is to be replaced with the new CDS (Customs Declaration Service) to be phased in from August 2018 into early 2019.   The old system is nearly 25 years old and has become inflexible…

  The UK Government has announced a six month extension on the closure of Childcare Voucher schemes, previously due to close to new members on 6 April 2018. This announcement comes in light of pressure from members of the public who signed a petition to prevent closure and also from the Labour Party who had…

  Payments on Account (POA) tend to cause confusion for individuals submitting a Self Assessment Tax Return and may result in cash flow issues for some taxpayers. POA are payments which HMRC require in advance for the current tax year, based on the liability in the previous year. You will have to make POA if…

With 5 April fast approaching, you must ensure that you send your final Full Payment Submission (FPS) on or before your employee’s final pay day within the tax year, ensuring that you tick to confirm that this is the final submission for the year on your payroll software. If you forget to tick this box,…

  All employers and employees currently paying the minimum contribution of 1% will have to factor contribution increases into their cashflow in order to meet the rise in the level of auto enrolment funding. From 6 April 2018 to 5 April 2019, the employer minimum contribution will increase to 2% with staff contribution equalling 3%.…

  The “Beast from the East” didn’t stop Accountants, the Self-Employed, Developers and Small businesses as they attended QuickBooks Connect London on 27th and 28th February. Attendees from all over the world had gathered to develop the knowledge in QuickBooks online, meet QuickBooks Add-on Exhibitors, hear from featured speakers who were specialists in their industry…