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Shapcotts Accountants’ 35th Business Anniversary

Today, Shapcotts Accountants are proud to celebrate 35 years in business. We have been advising and supporting businesses, both locally and nationally, since 30 July 1984. It was founded by Melvin Shapcott FCA, the day after his daughter was born, working from the kitchen table. Since then Shapcotts Accountants has expanded to 20 employees and […]

Read more July 30th, 2019

Creating An Employer Brand

The businesses that attract the best talent all have one thing in common – a great employer brand. All businesses have an employer brand – it’s what your employees, customers, suppliers, peers and potential employees say about your business. A strong employer brand can help your business to compete for the best talent and can […]

Read more July 30th, 2019

Managing Employees Who Have Their Own Business

A recent study suggests that 25% of employees in the UK are running at least one business project alongside their day job. Having a secondary business or job has become particularly popular among millennials, who tend to start a side gig as a hobby or in order to explore a new challenge. Millennials tend to […]

Read more July 30th, 2019

Scaling Up Your Business

How do you scale up your business and take it to a new level? A scale-up business is any company that is looking to grow in terms of market access, revenues, and the number of employees, adding value by identifying and realising new opportunities. Scale-up businesses are the engine of growth for the UK economy, […]

Read more July 30th, 2019

Advisory Fuel Rates for Company Cars June 2019

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 June 2019. Where there has been a change the previous rate is shown in brackets. Note that for hybrid cars you must use the petrol or diesel rate. You can continue to use the previous rates for up to […]

Read more July 15th, 2019

Using a PAYE Settlement Agreement To Pay Some Of Your Employee’s Tax

PAYE settlement agreements (PSAs) are arrangements under which an employer can settle the income tax and National Insurance liabilities on benefits in kind and expenses payments provided to employees and officeholders. Setting up a PSA avoids passing on an unexpected, and potentially demotivating, tax charge to employees. Where a PSA has been agreed with HMRC, […]

Read more July 12th, 2019

New VAT Rules For The Construction Sector

Under new rules due to come in on 1 October 2019 builders, subcontractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. With these new rules, supplies of standard or reduced-rated building services between VAT-registered businesses in the supply chain will not be invoiced […]

Read more July 10th, 2019

Make School Holidays Easier With Tax-Free Childcare

Did you know there is a government scheme available that can help contribute towards childcare costs which may mean fewer of your employees will need time off at the same time this summer. Tax-Free Childcare is a scheme available to working parents with children from 0-11 years and many parents are not taking advantage of […]

Read more July 9th, 2019

Staff Summer Party Can Be A Tax-Free Benefit

Your organisation may have an annual Christmas party for staff, but the tax rules also allow staff parties at other times of the year which are a tax-free benefit as long as certain conditions are satisfied. The exemption applies to an annual party (e.g. a Christmas party), or similar annual function (e.g. a summer barbecue), […]

Read more July 9th, 2019

Stamp Duty Land Tax – Recent Rulings

In a recent ruling, HMRC has lost a case at the tax tribunal where the higher stamp duty rate was not payable. So what happened? A couple purchased an uninhabitable property so completed the Stamp Duty return on the basis that they would only pay a stamp duty bill of £1,500. However, when HMRC received […]

Read more July 4th, 2019