Entries by khokharmcadam

Accounting for Charities

An overview of accountancy issues in the third sector. If you’re in charge of running a charity, you will know how it differs from operating a business and how its motives and goals vary. Non-profit organisations are treated very differently under the law, and managing a charity’s accounts can offer some unique challenges as a […]

Insider May 2019

MPs call for break-up of Big Four’s accountancy services The UK’s largest accountancy firms should be split into audit and non-audit businesses, according to recommendations from a Government committee. The Big Four accountancy giants conduct 97% of large companies’ audits, while also supplying those companies with other accountancy services. The Business, Energy and Industrial Strategy […]

Personal Tax Planning

What you need to know for 2019/20. With the Brexit process rumbling on, Making Tax Digital finally coming into force, and Easter around the corner, now is the time to put your financial plans in place for 2019/20. Income The way you receive an income, and the rates and allowances that apply, should be at […]

Tax Return Deadline Approaching

To any of our clients still to provide tax return information, Please note we are extremely busy this time of year processing tax returns up to the period of 31 January.   We don’t want any of our clients to pay needless late filing penalties, and with only 2 weeks to filing date if you have already been reminded […]

The Let Property Campaign

If you have recently received a letter regarding The Let Property Campaign you may want to make use of the services of a specialist accountant.  We have dealt with many let property campaign cases and can take the stress and burden of dealing with HM Revenue and Customs on your behalf. The let property campaign was […]

HMRC clarifies tax break on gifts

Gift aid. If you’re a higher or additional rate taxpayer you can claim extra tax relief for charitable donations you make under the gift aid arrangements. This tax break applies to donations by individuals and not to those made by companies, organisations or groups of individuals. This has caused some newspapers to suggest that where […]

VAT tax points can improve your cash flow

If your business provides services under a continuous or long-term contract, special rules determine when you have to account to HMRC for VAT on the supplies you make. How can you delay this and so improve your cash flow? What’s the point? Tax points are a basic but important concept that every VAT-registered business should […]