The Autumn Budget 2018 – How will this affect me in 2019?

On Monday 29th October 2018, Chancellor Phillip Hammond delivered the UK’s final budget prior to leaving the EU. Although lots of measures were announced in the over-1-hour speech, affecting both individuals and businesses, this summary is targeted at how the … Continue reading

WARNING: Rise of fraudsters posing as HMRC

With the approach of the self-assessment tax return deadline, scammers claiming to be from HMRC are once again making victims of members of the general public. The most recent entry into the list of tactics used by scammers is a … Continue reading

Tax Relief On Christmas Gifts

Christmas is the season of giving, so businesses may wish to show their thanks to clients and employees with a gift. The problem with doing so, is that gifts generally fall into the category of entertaining, which means that they … Continue reading

Making Tax Digital: VAT Returns

For those unaware, Making Tax Digital (MTD) is the largest piece of tax legislation that has been written in years and it has far-reaching consequences for UK businesses. Its premise is that accounting/bookkeeping should be done in a more “real-time” … Continue reading

Proposed changes to the National Living Wage

Minimum wage legislation can often have unintended consequences. For example, with the minimum wage being lower the younger you are, employers can sometimes take this as encouragement to discriminate against older applicants in favour of taking on younger candidates. On … Continue reading

Claim Child Benefit for a Full State Pension

If you or your partner are earning more than £60,000 a year it can seem that claiming Child Benefit is an effort in futility. Things could not be further from the truth, and this misconception could result in stay-at-home parents … Continue reading

How to Choose an Accountant

Few decisions in business are more important than choosing the right accountant. A good accountant has the ability to save you money and time, and help your business grow, but a bad one could cost you money that would be … Continue reading

IFRS 16 Leases – Changes in accounting for leases

From accounting periods starting January 2019 onwards, International Financial Reporting Standards (IFRS) 16 will force companies to list leasing commitments on their balance sheets, income statement and cash flow statements. In the current system, leases are classified as either operating … Continue reading