Build Your Business, and Keep More of Your Money

Chartered Accountants & Business Advisors

Call Us Today!


Collecting Unpaid Tax For 2017/18 Through Your PAYE Coding

Under certain circumstances, it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on 31 January. This will depend upon the amount outstanding and the amount of income taxable under PAYE. There is a further condition that the return is submitted to HMRC online before […]

Read more December 7th, 2018

Not All Shares Qualify For CGT Entrepreneurs’ Relief Now

As the result of changes announced in the Autumn Budget, and now incorporated into the latest Finance Bill, not all ordinary shares necessarily qualify for the 10% CGT entrepreneurs’ relief rate on disposal. As mentioned in last month’s Budget newsletter the definition of a personal company was tightened up so that from 29 October the […]

Read more December 7th, 2018

Gift Aid to Charity

Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief on the payment. For example, where an individual makes a £20 cash donation to a charity the charity is able to reclaim a further £5 from HMRC […]

Read more December 7th, 2018

What Is Making Tax Digital (MTD)?

What MTD means: Making Tax Digital (MTD) is the latest change to the method by which businesses must keep and administer their accounting records. Initially MTD for VAT will require VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form and file their VAT Returns using software. Many […]

Read more December 6th, 2018