Category Archives: BR Blog
February 20, 2018
Setting your Lock Dates and why you should use them
When you come to the end of your financial year and are due to hand your accounts data over to your accountant, you may wonder what is the best way to assist them in their work.
December 19, 2017
Do your employees need a little motivation? EMI share options.
The EMI is an HMRC approved share option plan which is targeted at SME UK businesses to help them recruit and keep their best staff. The scheme is adopted by many UK companies, the main benefit of which is the tax benefits it can provide to its employees and the companies providing the option.
December 15, 2017
Posting expenses using Receipt Bank
Do you find yourself frantically searching at the end of the month for your expenses? Would you rather keep on top of them as they arise? With our assistance and the assistance of our Receipt Bank business partner you can maintain an up-to-date expense report, making the reimbursement procedure effortless and guarantee nothing is missed.
December 13, 2017
Allocation of Personal Allowance
As it is generally known, the Personal Allowance (“PA”) can be offset in the most beneficial manner for the taxpayer. In the past, this followed a fairly rigid structure, i.e. you allocated the PA first to the non-savings income, followed by the savings income and finally against the dividend income.
November 30, 2017
The pace of technology is leaving us all behind
A few months ago our eldest son went to University. (We think he’s doing okay, thanks for asking, but we generally work on the basis that no news is good news.) However, since he left there has been a running debate with me and Mrs Wallace as to whether he needs a TV license.
November 16, 2017
Phishing emails and other scams
HM Revenue and Customs have recently reiterated their advice regarding various potentially fraudulent activities that they have come across: Never download an attachment to an email purporting to be from HMRC regarding a tax refund. The attachment is linked to a phishing site asking for personal and financial information.
November 03, 2017
Corporation Tax simplification on the horizon?
A complete overhaul of the current corporation tax system has been proposed by the Office of Tax Simplification in order to radically simplify matters and make calculating the amount of tax payable much simpler for companies.
November 03, 2017
As Benjamin Franklin said, the only things certain in life are death and taxes, and unfortunately inheritance tax brings both together! Inheritance tax (IHT) is a tax levied on the transfer of an individual’s estate on his/her death to non-exempt beneficiaries.
November 02, 2017
VAT on Entertainment
Whilst preparing VAT Returns for our clients, we know that understanding the rules around VAT is important for those running VAT registered businesses in the UK. It can be challenging as there are many guidelines to operate within.
November 01, 2017
Operating Leases – all change in the future?
For companies that have adopted IFRS, the next major challenge for many will be IFRS 16: Leases. This will apply for accounting periods beginning on or after 1 January 2019, with early adoption permitted.1 2 3 4 Next »