In recent times, you may have heard of incentives to switch your bank account to a new bank provider and receive a cash bonus up to £175 (Dec 2022). Great news, get cash for pretty much nothing, as the new bank provider will switch over all your direct debits for you, you may just need …
Audit is the process of independently verifying the accuracy of an organisation’s financial statements. When a company’s accounts are required to be audited, it is typically because the company’s turnover exceeds £10.2m, has 50 employees or more, a balance sheet value of £5.1m or more, or operates within a regulated industry. Before setting up a …
How having an LLP impacts your audit – introducing our travel industry client Read More »
The annual personal tax return crunch-time is now far in our rear-view mirror, much to the delight of accountants and tax advisers across the UK. Yet HMRC’s relaxing of the rules due to the pandemic has made for some confusion for individuals in Self Assessment. The good news: HMRC will not pursue penalties as long …
If you ever considered buying a business and operating it as an LLP then this case study with our LLP client Wolfgang Capital can help you answer some questions about the process. Wolfgang Capital is an M&A investment company that focuses on operational profitability and cash flow by investing in SMEs and converting them into …
To prevent furlough fraud, HMRC now has the power to charge a penalty where there has been “deliberate non-compliance”, but will directors who made an honest mistake escape unscathed?
HMRC are continuing to intensify their battle against businesses that they perceive, rightly or wrongly, to be evading or avoiding tax, following few token gestures to businesses struggling due to Coronavirus.
HMRC is being “inundated” with claims for tax relief on items such as office furniture and printer ink, despite Coronavirus pandemic, find out more.
Although many people would consider themselves too smart to be preyed upon by scammers, unfortunately businesses continue to fall victim to fraudsters pretending to be HMRC, especially at such a trail time like now. Find out how to avoid being scammed.
Chancellor Rishi Sunak extends the Job Retention Furlough Scheme, however, starting in August, there will be changes to the scheme. Find out what they are.
A tax tribunal, in part of a long running legal saga with the news outlet, has set a new precedent in how some online news content is treated for the purposes of tax, specifically value added tax.
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