Fee Indexation – 2024 year ends

by Jessica Garbett | Feb 26, 2024 | administration, WhitefieldNews

Some clients will recall back in 2022 we introduced annual Fee Indexation in order to regularise our previously ad hoc policy. At the time we started with a 3% increment and said “our intention is to remain at 3% for the next few years, subject to annual review...

Double Cab Pick-ups – Changes Announced and Withdrawn

by Jessica Garbett | Feb 26, 2024 | business taxation, employer returns

A rather bizarre situation recently. HMRC recently announced a change in how Double Cab Pick-ups were classified for Income Tax purposes in respect of (a) Capital Allowances and (b) Benefit in Kind Charge, the changes were to apply from 1st July 2024, and would...

Companies House Reform – Some Updates

by Jessica Garbett | Feb 26, 2024 | business issues

Economic Crime and Transparency Act 2023 Under the Economic Crime and Transparency Act 2023, there are some changes to procedures at Companies House.  These are being phased in. From 4th March 2024 (subject to Secondary Legislation being approved): PO Boxes can no...

R&D scheme – key considerations for a successful claim

by Jessica Garbett | Feb 26, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Ignorance of rules can be expensive R&D tax relief is provided by the government for any company with an R&D project which seeks to...

British Business Bank’s free new finance guide

by Jessica Garbett | Feb 23, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Understand the right type of finance for your business with this new guide We all know that starting a business doesn’t come with a set of...

New guidance for employers on holiday rules

by Jessica Garbett | Feb 22, 2024 | ACCA, business taxation, employer returns

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Employers will welcome publication of new government guidance on holiday pay laws for ‘part-year’ and ‘irregular-hours’ workers Following on...

UK company law updates

by Jessica Garbett | Feb 21, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Latest guidance from Companies House on upcoming changes following ECCTA Companies House is aiming to introduce the first set of changes...

Accounts preparation where not a going concern

by Jessica Garbett | Jan 31, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA ACCA’s new factsheet helps preparers, trustees and their independent examiners As an issue, going concern has grown in prominence with the...

HMRC- Help and support for cryptoassets

by Jessica Garbett | Jan 30, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA HMRC issues new guidance around cryptoassets Please see HMRC’s guidance on cryptoassets to check you’ve declared everything correctly: Check...

Tax Repayment Agents – ASA and HMRC enforcement notice

by Jessica Garbett | Jan 29, 2024 | ACCA, business taxation, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Efforts are being made by HMRC to improve the tax repayment agent market In a bid to raise standards in the tax repayment agent market, the...

Personal allowance claims for non-residents

by Jessica Garbett | Jan 26, 2024 | ACCA, personal taxatation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Guidance around thresholds and eligibility to Personal Allowances for Non Residents rental income savings interest wages. If you’re eligible...

Is a fine tax deductible?

by Jessica Garbett | Jan 25, 2024 | ACCA, business issues, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Reviewing the circumstances where a fine can be tax deductible Advisers generally agree that when a penalty or fine serves the purpose of...

HMRC successful at tribunal on denying R&D tax credit

by Jessica Garbett | Jan 24, 2024 | ACCA, business taxation

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA A recent R&D tax credit appeal on going concern grounds saw HMRC’s original decision upheld In a recent case decided at the First-tier...

Draft Scottish Budget 2024/25

by Jessica Garbett | Jan 23, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA For our Clients in Scotland, here is a useful summary from ACCA The Scottish Budget 2024/25 was unveiled by the Scottish government on 19...

Cyber security – AI and deep fakes

by Jessica Garbett | Jan 23, 2024 | ACCA, business issues

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Read the latest update from the National Cyber Security Centre Action Fraud, the UK’s reporting body for fraud and cybercrime, has received...