Category Archives: BR Blog

June 01, 2018

Fraud attacks are ever present

As part of my role as an auditor I am required to ask my clients at the planning stage of an audit what fraud they are aware of and which fraud risks they envisage. Most clients seem to have experienced some form attack, even if on the whole they are unsuccessful.
May 16, 2018

New student loan limits starting on 6th April 2018

Student loans have been in the Press lately and look set to play a part in any upcoming election. The topic of interest rates charged by the student loan company and whether students are receiving value for money have been dominating the headlines recently.
May 16, 2018

A sigh of (SDLT) relief!

Announced initially as part of the Autumn budget, a new SDLT relief has been introduced, specifically aimed at first time buyers. This sees the abolishment of SDLT for first time buyers on properties costing less than £300,000.
May 15, 2018

Annual Accounting VAT Scheme

Overview For many small and medium sized businesses, keeping the company’s financial affairs up to date can seem like an ever increasing challenge. One of the most time consuming tasks is often the preparation and submission of quarterly VAT returns.
May 15, 2018

Specific taxes for specific spending commitments?

With Brexit and Russia dominating foreign policy, the single most important domestic policy area that the Government has to consider is what to do about public spending.
May 15, 2018

Tax on Directors loans – Watch out for anti-avoidance and don’t forget the P11d benefit

In owner managed businesses the shareholder directors frequently draw money from their companies, not as salaries to which PAYE and NI deductions are applied, but on account of dividends to be paid to them at some future date.
May 15, 2018

Tax-Free Childcare

The Government announced late last year that it will support working parents with the cost of childcare. This included doubling the 15 hours a week free childcare to 30 hours a week and introducing ‘Tax-Free Childcare’, which is now available to self-employed parents and all qualifying working parents.
March 19, 2018

Confirmation Statements – Is Companies House getting tougher?

Since 2016 all UK-registered companies and LLPs have been required to file a Confirmation Statements (Form CS01) at Companies House, which replaced the Annual Return.
March 14, 2018

Are Digital Currencies the future?

Digital Currencies or “cryptocurrency” is a virtual currency that uses advanced encryption technologies known as cryptography for its creation and to ensure security of transactions involving its use. Converting this concept of digital currency into reality all started with the creation of “Bitcoin” in 2009.
March 05, 2018

Pensions and automatic enrolment

It has recently been reported in the press that the first fines have been levied after a prosecution by the Pensions Regulator for the failure to comply with the new laws on workplace pensions.
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