Category Archives: Tax, Audit & Accounts

May 09, 2016

Don’t Forget Your Gift Aid Payments!

Comic Relief, Children in Need and Sports Relief are just three of the many charities that receive many thousands of donations each year from generous members of the public across the country.
May 09, 2016

Don’t Forget Your Gift Aid Payments!

Comic Relief, Children in Need and Sports Relief are just three of the many charities that receive many thousands of donations each year from generous members of the public across the country.
March 21, 2016

Reducing red tape or reducing something that adds value?

With the audit exemption raised for financial years beginning on or after 1 January 2016 to £10.2m providing either the balance sheet total is less than £5.1m or there are less than 50 employees many companies will no longer legally be required to have an audit.
March 16, 2016

Dividends – ‘Belt-and-Braces’

Dividends are a frequent topic of conversation with clients and even more-so over recent months, given the imminent introduction of higher rates of tax on dividends from 6th April 2016.
March 15, 2016

The concerns of property owners

Having exchanged long enough ago on my property for the elation of buying my first home to have passed and be replaced with the impending dread of having financially committed myself to what will likely be the single biggest purchase of my life, I have (somewhat understandably I think) begun to take a keen interest. . .
March 10, 2016

Trumped by the Taxman

A recent Tax Tribunal case involved what I’d consider to be a long-odds gamble by the English Bridge Union (“EBU”).  There’s little doubt that the card game Bridge is one of skill but the EBU were trying to argue that it was a sport.
March 01, 2016

Fuel Scale charges – why so many people get it wrong

What are fuel scale charges? If a VAT registered business purchases road fuel for business use, but there is also a private use element, an adjustment is required to account for VAT claimed on the private usage of the fuel.
February 16, 2016

Dispensing with dispensations….

So the current tax year ends on 5 April 2016 – weeks away you might think. However it is always advisable to look at “pre-year-end tax planning” a few weeks before 5 April each year in case any action needs to be taken. One area where action may need to be taken concerns P11D dispensations.
February 03, 2016

How “small” is your company?

Following a post I wrote back in April 2015, time seems to have flown by and as 2016 is now well under way, we are now looking at a new landscape of company size and audit thresholds as well as a major change to our accounting standards.
December 17, 2015

VW Company Car Drivers and Company Car Tax

Following the emissions scandal that erupted a few months ago HMRC have confirmed that benefits in kind that have already be calculated and declared by employers will not be restated if C02 emissions change on VW vehicles.
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