Latest blogs for Services

Beware: Fake HMRC telephone call scam. We have recently been contacted by a couple of our clients saying they have received phone calls claiming to be from H M Revenue & Customs.  One such phone call started with an automated message stating that “This is Her Majesty’s Revenue & Customs. We have been trying to reach…

Modern Slavery Act 2015: New disclosure requirements for large businesses. From accounting periods ending after 31 March 2016, under the Modern Slavery Act 2015, commercial businesses with a turnover of at least £36m which are either incorporated in the UK or carry on a business in the UK are required to publish a statement, on…

IT Savvy Farmers: AF Online Link helps automate book-keeping. Do you have an account with the buying group Anglia Farmers Ltd? Are you tired of entering invoices manually into your accounting software? Anglia Farmers have an online link called ‘AF Interactive’. Throughout the month Anglia Farmers publish their members invoices to this online portal. During…

Builders: Problems obtaining CIS refunds from HMRC ? Over recent years many limited company subcontractors working in the construction industry have experienced problems and delays in obtaining their CIS refunds from HMRC, due records not matching, i.e. the contractor who made the deduction has not correctly reported this on their monthly CIS returns. Subcontractors who…

In the Budget earlier this year the Chancellor announced that there would be a new rule aimed at stopping tax avoidance when a limited company is wound up and funds are distributed to the shareholders. Where certain conditions are met, the distribution will be treated as income in the hands of the shareholders rather than…

HMRC Online Services: Login problems? You may have recently noticed changes to the design of the H M Revenue & Customs (HMRC) website.  One of these changes has been to the Government Gateway login page.  Whilst the page fundamentally performs the same function, it appears the change is causing login problems amongst users with longer…

Taxing Gains on Life Insurance Policies: HMRC start consultation. These investments take many forms but they’re perhaps most commonly known as single premium investment bonds. The way in which the proceeds of full or partial encashment is taxed can produce some bizarre results. HMRC are consulting on ways by which the unfortunate experience of one…

Dreaming of Starting your own Business? The summer holidays are here, which means for most people you will have the traditional summer break, and then face the prospect of returning to work. This is when thoughts may wander to starting your own business – working for yourself rather than for someone else. For many this…

SME Growth: Will BREXIT spoil the party? SME’s are generally focused on growing the sales side of their business, to improve bottom line profitability. Having bounced back from the double-dip recession, then flat-lining for a couple of years, it looked like proper growth had once again returned to our local businesses: (Source Data) And then came…

Apprenticeships: Latest Developments. With apprenticeships increasing in popularity and offering a vocational alternative to full-time education the government has announced its latest developments to its scheme to ensure that employers are more involved in the whole process from recruitment, funding, training and appraisal of the apprentice, the aim to ensure that industry receives the candidates…