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Recent Posts by Dev12

Can’t pay your tax?

A reminder that HMRC may consider extended options for settling your outstanding tax bill. The key is to contact HMRC, explain why you can’t pay on time, and discuss how you can settle any outstanding liabilities. If you can’t pay before the deadline, call the Business Payment Support Service. Anyone can use this service, not…
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Creating a high-performance organisation

High performance organisations stimulate more effective employee involvement and commitment in order to achieve increased profits, improved productivity and higher levels of customer loyalty. We are living in uncertain times. The highest performing businesses will, by their very nature, ride out the storm more effectively than their competitors. So how do you create a high…
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Too Much Indecision Surrounds Brexit

How do we prepare for Brexit when so much is undecided? It is hardly surprising that Brexit is fast becoming as big a turnoff as tax. How on earth are we supposed to react or adapt to such far-reaching changes when the exact details of our exit are still undecided just a few weeks before…
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A trio of tax nasties

Here’s three cheers for the new year - and a trio of tax nasties to beware of 2019 presents some key opportunities for GPs arising from the last Budget. Faye Armstrong* outlines three to be aware of and warns of three more potential pitfalls to watch out for What’s good? Lifetime allowance increase The lifetime…
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Proposals for consumer protections when companies collapse

The government is to consider new laws to protect consumers who have prepaid for products when a business becomes insolvent. • Government to consider new laws to protect consumers who have prepaid for products when a business becomes insolvent • proposed measures will include guaranteeing consumer schemes like Christmas savings clubs can safeguard customers’ money…
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Top tips for when you have a partnership change

As soon as there is any change in partnership property or partnership membership speak to your accountant to check all the financial and non-financial factors to consider. Nick Holmes* advises on what to watch: Existing partners: with a change in profit sharing ratios is there to be a change in property ownership as well? Ensure…
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Brexit may be in limbo, but Making Tax Digital is not

As we have highlighted in many posts to this blog, from 1 April 2019, ALL VAT registered businesses with turnover above the £85,000 VAT registration threshold will have to submit their VAT returns from within software that can link with HMRC’s networks. In techno- speak, your data will need to be transferred using a designated…
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A possible, unwelcome increase in service charges

From 1 November 2018, owners of properties on estates or sites that are obliged to pay service charges to a management company - for example, for the maintenance of common areas, gardens, or the employment of a site warden or caretaker - may be in for an unwelcome surprise. It would seem that HMRC have…
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