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Keeping you up to date on the latest accounting and tax issues

Making Tax Digital: Software, spreadsheets or sheets of paper?

Richard DilleySep 14,2018

Making Tax Digital (MTD) is a Government initiative that represents a fundamental change to the current UK tax system. It is part of a plan to establish a more efficient, effective and user-friendly tax system. The Government anticipates that the taxpayer will benefit from a more streamlined means of record-keeping and of providing information to….

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Are you a small business owner? Find time to switch off!

George Hay Chartered AccountantsAug 17,2018

Small business owners typically take far less time off than employed individuals and struggle to strike a good work-life balance. This leads us to the question; have you thought about taking a break recently? According to a study carried out by Direct Line for Business, many small and medium-sized enterprises (SMEs) are struggling to stay….

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What triggers a tax investigation?

George Hay Chartered AccountantsAug 14,2018

Since 2010, HM Revenue & Customs’ (HMRC) total revenue from tax has increased year-on-year and in 2016-17 reached £574.9bn[1], with £28.9bn of this generated as a result of compliance activities[2]. These figures demonstrate that HMRC has, in recent years, taken a much more steadfast approach to identifying non-compliance and pursuing those responsible, leaving no stone….

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Boosting the value of your business before you sell

Martin WilliamsJul 26,2018

All business owners, whether still in the early days of their venture or running an established organisation, will likely have considered a time when they may not be at the helm anymore. In fact, selling your business, or at the very least passing it on to family, is an inevitability for most; whether motivated by….

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Business Awards: Blow the judges away

Toni HunterJul 24,2018

Whether you started up your business relatively recently, or you’ve been established for several years and whether you’re a local SME, or a large international organisation, making the most of opportunities to showcase your venture and have your accomplishments and successes recognised is essential. Business awards are not just about the sharp suits, high heels….

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