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Blog // 26/03/2019

Do the rising figures of corporate insolvencies tell the whole story?

With a rise of 0.7%, the number of corporate insolvencies grew from 17,317 in 2017 to 17,439 in 2018, showing a clear rise in the number of firms failing in England and Wales. Compared to 2017, the number of administrations also rose by 11.2% and CVAs increased by 16% in 2018. Additionally, Q4 2018 followed […]

Blog // 26/03/2019

Deal or no deal: Free movement of people

Ed Hussey – Director of people solutions Many people are asking what will happen after Brexit regarding the free movement of EU citizens working or planning to work in the UK. Ed Hussey looks at what we know, taking into account: Whether or not a transition deal is agreed. Whether or not an EU citizen […]

Blog // 25/03/2019

Making Tax Digital – What you need to know about the Government Gateway

Simon Armstrong – MTD Systems Expert So, you’ve got your head around HMRC’s Making Tax Digital (MTD) requirements and have a compliant software solution in place, but how, and when do you inform HMRC that you are MTD-ready? Digital Account? Business Tax Account? Government Gateway? Let’s make sense of it all… The MTD sign-up process […]

Blog // 21/03/2019

VAT Flat Rate Scheme and buy to let property ownership

Many self-employed consultants take advantage of the Flat Rate Scheme for VAT accounting as a way to reduce the level of administration work required. Whilst the record keeping may be more straightforward, care should be taken in choosing to use the Flat Rate Scheme if the individual has other sources of income. VAT returns for […]

Blog // 19/03/2019

How competitive is the UK’s tax system in relation to others?

Although the government is proud of the UK’s position with its most competitive tax system in the G20, initiatives such as the BEPS (Base Erosion and Profit Shifting) project, which has already been adopted by 124 countries, making it harder to stand out from the crowd. With tax becoming an increasingly important global topic, the […]