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Rental expenses

by | Jan 3, 2017 | ACCA, property taxation

Guidance on revenue and capital expenditure on rental income. Generally, when calculating the rental business profits, expenses will be treated as revenue expenditure provided they are incurred wholly and exclusively for the purposes of the business and are not of a...

A reminder about Scam Emails

by | Dec 20, 2016 | business issues

If its sounds wrong, or too good to be true, it probably is. This email was received earlier this afternoon, telling me the Insolvency Service was investigating my company for “abuse”. However although it looks plausible, there are a couple of giveaways:...

ACCA on Making Tax Digital

by | Dec 14, 2016 | ACCA

Making Tax Digital (MTD) received the smallest of mentions in the Chancellor’s Autumn Statement, but it is a concerning one. The Office for Budget Responsibility Economic and Fiscal Outlook Report highlighted that HMRC has reported progress in delivering MTD and it is...

Auto enrolment and seasonal workers

by | Dec 12, 2016 | ACCA, pension reform

Guidance for employing seasonal staff. The Pensions Regulator has highlighted a note of warning with regards to this question: Do you employ seasonal or temporary staff? Automatic enrolment duties will apply… If you employ seasonal staff over the Christmas period, or...

IR35 Public Sector Reforms and the Autumn Statement

by | Dec 6, 2016 | IR35

In the Autumn Statement the Chancellor confirmed that the government will be reforming the Intermediaries Legislation (IR35) for workers who are engaged by a Public Authority. They have published draft legislation, and subject to parliamentary approval and Royal...

Autumn Statement 2016

by | Nov 29, 2016 | budget

Our latest technical briefing, including a look at important content in the Autumn Statement, is now up at: Autumn Statement 2016 Key things that may interest our clients are: Flat Rate VAT scheme restriction – eliminates it for most PSCs Confirmation of the new...

Say hello to YogaTax

by | Nov 28, 2016 | administration, yoga

We are pleased to announce the launch today of our new daughter brand for our work with Yoga Teachers, YogaTax This new daughter brand enables us to bring together in one place our services for Yoga Teachers and related therapies, such as Pilates Teachers, Massage...

Economic crime: AML and Brexit

by | Nov 18, 2016 | ACCA, business issues

CCAB launches first Economic Crime Manifesto advising government to ‘lead by example’ to fight money laundering. The first Manifesto for Fighting Economic Crime has been published by CCAB, the collective of five accountancy bodies – ICAEW, ACCA, CIPFA, ICAS and...