Making Tax Digital – Changing Your Accounts and Tax Forever

May 23, 2017

Making Tax Digital (MTD) is HMRC’s modernisation of the UK tax system. It requires businesses to keep digital records, send in returns every quarter plus make an annual submission and declaration. You might have already heard about this as HMRC have been advertising it for several months now. You might have also heard that it […]

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Calling all GP practices – Don’t let quarterly tax returns take you by surprise

March 9, 2017

Tax is going digital. James Gransby* explains why and what you can do to be prepared In the March 2015 Budget the then Chancellor George Osborne announced the end of the personal tax return. Now, his successor Philip Hammond seems set on taking this forward. Come forth ‘Making Tax Digital’ (MTD) which will mean that […]

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Top Tax Tips for medical professionals

February 7, 2017

5 top tax tips for 2017 Not paying a penny more in tax than you should and making your money work harder should be on your list of New Year’s resolutions. Faye Armstrong** has five tips to get you started 1. Look at Lifetime ISAs Lifetime ISAs are a very tax efficient way of saving […]

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Your Christmas Party with help from the taxman!

December 23, 2016

CHRISTMAS PARTY TIME – WITH HELP FROM THE TAXMAN Last Christmas I looked at the subject of charitable gifting, and the nice stocking filler which the taxman gave you on top of this. This year I will look at another Christmas present. The company Christmas party season is coming up. Many of us are aware […]

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Are you maximising the use of your agricultural tax relief?

November 23, 2016

REAP WHAT YOU SOW Autumn can be a busy time for farmers. Arable farmers have their harvest – often involving a host of temporary workers – to ensure the crop is collected at the exact right time. Dairy and beef farmers have to deal with the transition from outdoor grazing to winter housing and ensuring […]

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Barringtons is the first Xero Platinum Partner in Staffordshire

November 4, 2016

Celebration time for Xero Platinum Partner Barringtons Champagne corks have been popping at Barringtons as we celebrate our new status as a Platinum Partner with the cloud accountancy software provider Xero. This is the highest partner status available and what’s more we’re the first accountancy firm in the whole of Staffordshire, Cheshire and Shropshire to […]

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There is no specific tax relief for school fees but

October 12, 2016

MAKE SCHOOL FEES LESS TAXING Having enjoyed our great British summer and spent quality time with your children, perhaps it’s a good time to consider that expensive topic of school fees now they’re now back at school. There is no specific tax relief for school fees but the application of general tax planning can definitely […]

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HMRC penalties for late VAT registration

August 25, 2016

VAT’S HOW TO DO IT (part 1) Value Added Tax or VAT is always a thorny subject and affects all of us indirectly as it impacts on the prices we pay. It is particularly interesting for small business owners whose turnover is close to the VAT threshold. The annual VAT registration limit is £83,000, so […]

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How new tax laws affect your ‘Buy to Let’ income

August 15, 2016

Profitable Property If you have a have a ‘buy to let’ property or a portfolio of properties then this article will concern you. The appeal of ‘buy to let’ is obvious – a steady income stream, low mortgage costs, and, in the long-run, an increase in value which has steadily been above inflation. Until recently […]

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GPs and practice managers need to act on an important NHS policy

August 2, 2016

Seize your chances to get one step ahead GPs and practice managers need to act on an important NHS policy document so they can turn it to advantage for their practices. Deborah Wood** casts an accountant’s financial eye over the General Practice Forward View Over the last decade investment in secondary care specialists has grown […]

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