Archive for the ‘Uncategorized’ Category

Tax on residential property

Posted on: September 3rd, 2018 by Leighton Reed No Comments

How has devolution affected what tax you pay?

First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up to affect property taxes in Autumn Budget 2017.

Philip Hammond’s headline measure was to abolish stamp duty for first-time buyers on homes worth up to £300,000, and the chancellor didn’t stop there. (more…)

2018 Legal Benchmarking Report

Posted on: May 14th, 2018 by Seamus Gates No Comments

Our Legal Benchmarking Report 2018 reveals the need for firms to focus on organic growth, improving efficiency and billing processes as the sector faces the end of a three-year period of sustained growth. (more…)

Xero is constantly updating

Posted on: November 14th, 2017 by Judith Mallen No Comments

Recent new features include:

Expenses new and improved interface is free until the end of the year, but then will be a chargeable service added to the subscription. The new features include:

  • New user permissions
  • Ability to submit expenses on behalf of someone else
  • Easier review and payment features
  • Expense claims analytics reports

(more…)

Cautious businesses delaying investment

Posted on: November 9th, 2017 by Sarah Curzon No Comments

Businesses are in no rush to make investments amid the ongoing uncertainty of Brexit, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

More than one in four businesses are delaying investment decisions as the government continues negotiations with the EU. (more…)

12 Steps to Help You Prepare for GDPR

Posted on: June 19th, 2017 by Joanne Taylor No Comments

The EU General Data Protection Regulation (GDPR) will come into force across all members states (including the UK) on 25 May 2018. As the EU is the UK’s largest trading zone the UK will still be expected to adopt the GDPR, or something very like it, regardless of the eventual deal reached by UK Government as part of Brexit negotiations. So it is vital that UK businesses start to prepare for the changes that are coming.

The additional compliance requirements may be viewed as a burden, even costly and disruptive, however businesses regardless of size should also view GDPR as a great new opportunity to enhance their information security practice from technical, governance and legal perspectives.

To help prepare for GDPR here are 12 steps that the Information Commissioner’s Office advises that you take now: (more…)

Top 12 Guides for Trustees

Posted on: April 12th, 2017 by Sarah Case No Comments

The Charity Commission have a comprehensive library of guidance accessible by all.

In the current climate Trustees would be advised to work their way through the guidance ensuring they properly understand their duties and obligations but also with a view to obtaining a wider understanding of the charity sector.

These are our top 12 guides that we would suggest issuing to Trustees over a 12 month period. The aim being to achieve stepped marginal improvements in Trustee expertise and knowledge over time.

CC guidance our top 12 guides to pass to trustees – one a month?

Download our guide today!

‘Uncertainty’ and Article 50 – what do SMEs need out of Brexit?

Posted on: March 29th, 2017 by Seamus Gates No Comments

Seamus Gates, director of corporate finance at MHA Broomfield Alexander, takes a look at how Brexit needs to work for SMEs, as the UK prepares to officially leave the European Union.

 While much has changed since the UK public voted to leave the European Union last summer, one thing has remained the same – uncertainty. As political negotiations have gone back and forth, with the most recent resulting in the announcement that Article 50 will be formally invoked this week, many of our clients have voiced the same concern, that a lack of understanding of what Brexit will entail is disrupting their ability to plan a long-term strategy. Until this process is officially started this will remain the case, but there are several ways that our negotiators can ensure that our SMEs can get the “right deal”, as the Prime Minister put it. (more…)

Broomfield hosts Charity Finance Group Members Meeting

Posted on: March 15th, 2017 by Sarah Case No Comments

The above event is being held at our Cardiff office in April and may be of interest.

Charity Finance Group is a membership organisation especially for finance professionals.

More information about membership and events can be found on the CFG website.

 

 

Property Tax Changes

Posted on: February 7th, 2017 by James Dobson No Comments

Recently there have been a number of important changes to the way in which income from properties are taxed. Predominantly these changes affect owners of residential properties, however, changes to Stamp Duty Land Tax will impact commercial properties.

With respect to residential properties from 6 April 2016, the wear and tear allowance available to landlords of furnished residential lettings, has been abolished and replaced with a deduction for the actual cost of replacing furnishings. The wear and tear allowance was given at 10% of the net rents received in respect of fully furnished let properties. Some landlords who do not spend this amount over the course of a year on actual renewals costs may see an increase in taxable rental profits. (more…)

HM Revenue & Customs Advisory Fuel Rates – From 1 December 2016

Posted on: November 29th, 2016 by Sarah Curzon No Comments

Sarah CurzonHMRC have now issued the latest Advisory Fuel Rates for Company Cars.

The new rates are below (previous rate in brackets where there is a change):

 

 

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