Tired of laborious desktop software and spreadsheets?

As a business owner, I’m sure you have recently found yourself asking questions like – Is now the perfect time for switching to cloud based accounting?

Advertisements

HMRC delays Making Tax Digital scheme

BREAKING NEWS – As of yesterday (13 July 2017) ministers have confirmed a new timetable for Making Tax Digital and have delayed rollout by ‘at least’ two years until 2020, although quarterly VAT reporting using the system will be mandatory from 2019.

Pension time bomb

Planning to prevent the financial equivalent of climate change

Millions of workers across the UK could be heading for a significant shortfall in the amount of pension they need for an adequate income. The World Economic Forum (WEF) has issued a warning that calls on the Government to impose faster pension-age rises as it earmarks the UK as one of several countries facing a ‘pension time bomb’, with the UK pension savings gap reaching £25 trillion by 2050 if action is not taken soon.

Corporation Tax: The Patent Box

The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10%. This guidance only refers to patents but your… Continue reading Corporation Tax: The Patent Box

INCORPORATING A PROPERTY BUSINESS

Investors in residential property may be feeling like the government is out to get them. Increases to stamp duty, higher capital gains tax rates and the mortgage interest relief restriction have combined to make property investment much more expensive.