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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.

The UK is set to leave the EU on 29 March 2019 and as things currently stand, it would seem that we are no closer to reaching a negotiated withdrawal agreement. The chances of Britain leaving the EU without any working agreement, known as a 'no... Read More

HMRC has advised that it has changed its approach to charging financial penalties when enforcing the National Minimum Wage (NMW) where there has been a transfer of employees from one employer to another under the Transfer of Undertakings (Protection... Read More

Perhaps we’ve been recommended to you, or you’ve been browsing our website and you like what you see. But what happens next?Firstly, talk to us! Whether that’s via an email, social media message or a phone call. A member of our Client Services Team... Read More

There are late filing penalties in place for employers that don’t report payroll information on time. The size of the late filing penalties depends on the number of employees within the PAYE scheme.Number of employeesMonthly filing penalty per PAYE s... Read More

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in their company cars or where employees are required to repay the cost of... Read More

Paying for a funeral can be expensive, and research shows that the average funeral arranged using a funeral director costs over £4,000.The Funeral Expenses Payment or Funeral Payment is a government scheme for people on low incomes, and receiving cer... Read More

The register of People with Significant Control (PSC register) came into effect on 6 April 2016. The PSC register is used to identify and record the people who exert significant control over UK companies, often known as beneficial owners.A PSC is any... Read More

The employment allowance of £3,000 per year, is available to most businesses and charities to be offset against their employers Class 1 NIC bill. The allowance can be claimed as part of the normal payroll process.An employer can claim less than the m... Read More

There are four tax-advantaged Venture Capital Schemes currently available:The Seed Enterprise Investment Scheme (SEIS) The Enterprise Investment Scheme (EIS) Venture Capital Trusts (VCTs) and The Social Investment Tax relief (SITR)There are a signifi... Read More

Costs that can be deducted by individuals that have a property rental business, depend on the type of property that is being rented out. There are three main categories of property business that need to be considered.Residential propertiesT... Read More

Employees who use their own car at work can under certain circumstances be paid a tax-free allowance by their employers when using their own car, van, motorcycle or bike for work purposes. This is known either as Mileage Allowance Relief or a Mileage... Read More

The Disclosure of Tax Avoidance Schemes (DOTAS) legislation, targets taxpayers who implement listed tax avoidance schemes as well as the promoters of tax avoidance schemes. New regulations came into force on 1 April 2018 that extended the scope of th... Read More