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Letting a Furnished Holiday Property

Posted on: February 4th, 2019 by Leighton Reed No Comments

Following the government’s decision to restrict mortgage interest tax relief for individuals acting as buy-to-let landlords, many would-be property investors have started looking into the potential of purchasing, or letting out existing properties, as furnished holiday accommodation. Leighton Reed, Director at MHA Broomfield Alexander, looks at the pros and cons of furnished holiday lettings from a tax perspective. (more…)

Brexit & VAT: An Update

Posted on: January 31st, 2019 by Liz Maher No Comments

With 60 days before B-Day here’s a roundup that Centurion VAT – the team that deals with complicated VAT – has brought together of VAT related arrangements should a No Deal arise.

HMRC’s has published a range of technical notices on Customs, Excise and VAT to alert businesses to the eventuality of a “No Deal” Brexit. Research suggests 245,000 UK businesses trade only with the EU and within that 144,000 are VAT registered. These should – by now – have received an HMRC letter to “encourage” them to review their “No Deal” impact areas. (more…)

Post Brexit Britain – Keep calm and keep preparing

Posted on: January 21st, 2019 by Linda Strange No Comments

Whilst the political furore continues following the vote on Mrs May’s Brexit Deal, and we wait to see the outcome of our democratic process, what can businesses do to carry out meaningful steps to protect their international trading activity?

What to do next to prepare for Brexit (more…)

Charity Governance – Leadership

Posted on: January 21st, 2019 by Sarah Case No Comments

One of the elements of the Governance Code is Leadership from the Trustees.  Charity boards should consider the leadership they provide to their Charity and assess themselves against the Governance code to ensure they are preforming at the high level required in todays tough third sector climate.  What should Trustees be considering as part of this assessment?  (more…)

An update on Brexit

Posted on: January 21st, 2019 by Linda Strange No Comments

We have all hoped for some degree of certainty as time runs out before the Brexit deadline. The dramatic events in the House of Commons last night have provided some clarity over the future direction of any debate in both Parliament and the EU.

What do we know? (more…)

Payroll Processing – Common Errors

Posted on: January 15th, 2019 by Clive Headon No Comments

With many legislative changes coming into force from April 2019, we thought we would point out some common errors employers can make when processing their payroll. (more…)

Conflict with Your Trading Subsidiary

Posted on: January 11th, 2019 by Sarah Case No Comments

Welcome to 2019 and our new publication, Using Conflict as a Catalyst for Change – A Guide for Embracing, Managing and Mitigating Conflict Within Your Charity.

It is essential to understand that conflicts affect all charities, large or small, simple or complex. Trustees have a legal duty to act in their charity’s best interests, they are expected to understand what conflict is, how it affects their organisation and to deal with any issue appropriately. Therefore, it is fundamental that charities follow the guidance issued by the Charity Commission. (more…)

New year business resolutions

Posted on: January 10th, 2019 by Judith Mallen No Comments

The beginning of a new year is the perfect time to reflect on what your business has achieved over the last year, while also setting some goals for the year ahead. That could be cutting out bad business habits or opening yourself up to new opportunities. (more…)

Outsourcing payroll

Posted on: January 9th, 2019 by Clive Headon No Comments

Does it make sense for your business?

Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll.

This task consumes a large amount of time each month, with multiple processes to complete in order to comply with legislation and pay workers on time. (more…)

OTS calls for inheritance tax system to be digitised

Posted on: January 9th, 2019 by Sarah Curzon No Comments

The Office for Tax Simplification (OTS) has urged the Government to implement a digital system for inheritance tax, following complaints the current form-filling system is too complex. 

On average, there are around 570,000 deaths in the UK every year, although inheritance tax is due on less than 5% of estates.  (more…)