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New Tax Year… New Changes…

Posted on: March 22nd, 2019 by Clive Headon No Comments

The time has come again for us to start implementing the changes in readiness to process payroll in April 2019.

We have outlined the main changes that will affect the processing of payroll below… (more…)

Conflict Between the Needs of Today with the Demands of Tomorrow

Posted on: March 18th, 2019 by Sarah Case No Comments

Welcome to month three of our publication, Using Conflict as a Catalyst for Change – A Guide for Embracing, Managing and Mitigating Conflict Within Your Charity. Last month we focused on conflicting roles and this month we will be focusing on conflict between the needs of today with the demands of tomorrow. (more…)

Spring Statement 2019: A reassuring vision of business as usual

Posted on: March 15th, 2019 by Leighton Reed No Comments

Once again, Chancellor Philip Hammond has demonstrated his commitment to the principle of the Spring Statement as a low-key event, at least in terms of tax and public spending announcements.

With none of the pomp and circumstance of the Autumn Budget, Hammond stuck in large part to summarising key points from the updated economic forecast from the Office for Budget Responsibility (OBR). Though he presented the numbers with a flourish, the OBR was mildly pessimistic in its own presentation, especially around a reduced estimate for growth in 2019, down from 1.6% to 1.2%. (more…)

Agriculture Business structures

Posted on: March 11th, 2019 by Sarah Curzon No Comments

Post-Brexit farming will change with farmers needing to adapt to a more market facing world. This means the way farmers manage their businesses may have to change too, including the basic structure of the business.

Landowners will need to bear in mind several factors when considering new arrangements, including the new payment system and the tax situation. Below are some arrangements that could be considered: (more…)

Capital Allowances

Posted on: March 11th, 2019 by Sarah Curzon No Comments

The 2018 Budget included announcements on the capital allowances that may be claimed by businesses, and changes to capital gains tax reliefs. (more…)

Fighting for gender equality in the workplace

Posted on: March 7th, 2019 by Sarah Case No Comments

This week (on 8th March) sees individuals and organisations across the world marking International Women’s Day – an initiative set up 44 years ago by the United Nations to shine a light on the accomplishments and successes of a group that has historically suffered inequality in the workplace, as well as in wider society. Sarah Case, from MHA Broomfield Alexander, shares her experience of rising through the ranks in the traditionally male-dominated finance sector. (more…)

The politics of tax breaks

Posted on: March 5th, 2019 by Sarah Curzon No Comments

How did we end up with such a complex system of tax reliefs?

If there’s one thing accountants love, it’s identifying obscure tax reliefs to which you may be entitled and using them to reduce your tax bills.

(more…)

Preparing businesses for leaving the EU

Posted on: March 5th, 2019 by Leighton Reed No Comments

What can your firm do before 29 March 2019?

As the clock continues to tick down to the 29 March 2019, when the UK is scheduled to officially leave the EU at 11pm, there is still much uncertainty around what Brexit will mean for UK business.

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Government launches service to prepare firms for EU exit

Posted on: March 5th, 2019 by Laura Farrow No Comments

The Government has launched a new website service to help businesses prepare for the UK’s exit from the EU later this month. (more…)

HMRC error hits early-paying self-assessment taxpayers

Posted on: March 4th, 2019 by Rachael Ball No Comments

HMRC admitted an error which saw hundreds of early-paying taxpayers wrongly issued with late-payment notices before the deadline for self-assessment tax returns.

The deadline for 2017/18 self-assessment submissions and any tax owed came and went at midnight on 31 January 2019, with £100 penalties in place for not filing on time. (more…)