Norwich  01603 766078  |  Aylsham  01263 735284 |  Lowestoft  01502 531100 |  London  020 374 01857

What’s happening?

Here you can keep up to date with our latest news, as well as the latest goings-on in the world of accounting.

Now we are getting used to the idea that the various vaccines will provide some defence against COVID outbreaks, what would a vaccine for our businesses attempt to prevent? We have listed below a few strategies that you might like to consider that w... Read More

HMRC’s published guidance titled ‘Check a list of genuine HMRC contacts’ has been updated. The list is intended to help taxpayers check if recent contacts purporting to be from HMRC are actually a scam. The guidance contains a list of emails, phone c... Read More

The Statutory Sick Pay (Coronavirus) (Funding of Employers' Liabilities) (Amendment) Regulations and the Statutory Sick Pay (Coronavirus) (Funding of Employers' Liabilities) (Northern Ireland) (Amendment) Regulations 2021 have been laid before Parlia... Read More

SDLT changes for non-UK residents

Posted by: Amy Patterson

Non-UK residents purchasing residential property in England and Northern Ireland will be subject to a Stamp Duty Land Tax (SDLT) surcharge from 1 April 2021. Under the new rules, a 2% surcharge will apply on top of the SDLT rates charged to UK reside... Read More

As we reach a year of lockdown, Emma our Head of Marketing discusses her experience of a year of working from home."For the last few years, I’ve mostly been commuting between Norwich and London which meant super early mornings and a 4-hour round trip... Read More

If you use your own vehicle for business journeys, then you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance Payment or MAP. The allowance is available if employees use their own car, van, motorcycle or b... Read More

Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you have both or either type of income highlighted below then you can claim a £1,000 allowance for each. The £1,000 exemption... Read More

Following the end of the Brexit transition period, the process for exporting goods to the EU mirrors the process for all other international destinations. Businesses, especially those that only trade with EU should by now be aware of the rules and b... Read More

There are special rules in place which limit the ability to change a company’s year end date. A company’s year-end date is also known as its ‘accounting reference date’ and is historically set by reference to the date the comp... Read More

When deciding whether an expense is allowed or disallowed for tax purposes it is important to bear in mind that the expenditure must be incurred wholly and exclusively for the purposes of your trade or employment. Under the legislation any expenditu... Read More

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current tax-free threshold of £7,500 per year has been in place since 6 April 2016. If you are using this scheme you should ensure t... Read More

Although it cannot be understated, that COVID has resulted in widespread personal tragedies and business hardships, there are stories circulating of businesses that have managed to buck the downward trend. Very often this is due to being in the righ... Read More