September 21, 2023
Is your charity trading? Here’s what you should know
Is your charity trading? There are many organisations that, perhaps, would be unsure about how to answer this question. Trading as a charity can be complex. Some charitable organisations do not necessarily recognise what they are doing could be deemed a ‘trading activity’. Simply, trading is an exchange of goods
September 18, 2023
UK subsidiaries: Do you need an audit?
Many UK subsidiaries of overseas ‘parent’ companies are unaware that they may be required to have an audit. This is concerning given that so many international organisations use UK subsidiaries. This could be to scale up their operations or to move into new markets. Once an overseas entity establishes a
August 1, 2023
Digital Accountancy Show 2023: What did we learn?
The Digital Accountancy Show 2023 took place on 15 June at Evolution, Battersea. We couldn’t miss the opportunity to network and learn about the latest advancements in accounting tech. Our GH Online Accounting division offers an outsourced bookkeeping and cloud advisory solution, using market-leading software and the latest Apps and
June 16, 2023
Airbnb hosts face tax probe and penalties for undeclared income
HM Revenue & Customs (HMRC) are looking into the earnings of Airbnb hosts. Those not declaring their income correctly could face penalties and sanctions. This is part of routine activity to identify individuals not paying the correct amount of tax on their income. Airbnb, which allows property owners to advertise
June 5, 2023
Small company filing options to be streamlined by Companies House
Since September 2022, the Economic Crime and Corporate Transparency Bill has been making its way through parliament. The Bill, among other things, sets out key changes to small company filing options. The intention is to make more financial information available to the public, and improve transparency of the company register.
April 17, 2023
VAT at 50: The evolution of a not so simple tax
Value Added Tax (VAT) turned 50 on 1 April 2023. However, many would argue that it still has some growing up to do! Whilst many of us will know something of the biscuit vs. cake debate, this doesn’t even scratch the surface in respect of VAT’s nuances and complexities. In
March 8, 2023
ATED revaluations due for 2023/24
Companies taxed under the Annual Tax on Enveloped Dwellings (ATED) scheme are reminded that revaluations are required for 2023/24 returns. ATED annual charge ATED is an annual tax, payable mainly by companies (both UK-resident and non-UK resident) owning residential property in the UK. To be within scope of the charge,