Insights

Tax, Audit & Accounts

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October 2, 2023

Don’t get caught in the VAT penalties net


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Many VAT-registered businesses still find VAT too complex. No surprise then that more businesses than ever are getting hit with penalties for inaccuracies.

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September 25, 2023

Fraud countermeasure drives R&D tax relief changes


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The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure.

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R&D tax enquiries
May 20, 2022

R&D tax enquiries on the increase & how to minimise your chances of an enquiry


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HMRC continue to focus on R&D tax enquiries and cutting down R&D fraud. Find out how to minimise your chances of an R&D tax enquiry.

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November 22, 2016

100% Capital Allowances on Cars?


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Capital Allowances and 100% deductions under the Annual Investment Allowance (AIA) have been with us for some time now and whilst you can claim AIA on most items of plant

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October 27, 2016

Cycle to Work Scheme


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Now that the Olympics are all over and given the fantastic success team GB had in the Velodrome I thought I would get back on my bike after a rather

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October 10, 2016

Micro Entity Accounts


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Following on from my colleague’s blog ‘The end of FRSSE’ which stated that for accounting periods beginning on or after 1 January 2016, the latest incarnation of FRSSE (2015), will

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September 2, 2016

The end of FRSSE


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After the seismic change to medium sized company’s financial statements with the move to FRS 102, the next change is the end of the road for FRSSE (Financial Reporting Standard

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August 30, 2016

Pension Auto Enrolment update


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The number of businesses required to automatically enrol into a pension scheme is set to peak over the next 18 months, with an estimated 1.8 million small (5-49 staff) and

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August 18, 2016

Tax Compliance – Proposed Increased Fines and Regulations


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HMRC are proposing the following changes which they would like to introduce over the next few years:- A sliding scale of penalties for the late filing of Tax Returns. 4%

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July 15, 2016

Autumn Statement November 2015


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Mr Osborne’s primary goal was to deliver the Spending Review, so there was a heavy emphasis on departmental expenditure and the £4,000bn expected total government spending over the next five

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June 28, 2016

Solicitors Accounts Rules – The New Approach


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In July 2015, the Solicitors Regulation Authority announced changes to the format of accountants’ reports for solicitor firms. These changes were approved by the Legal Services Board and take effect

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June 10, 2016

Pension reminder for 2016/17


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It should be noted that the following changes to allowances have been introduced with effect from 6 April 2016:- Lifetime Allowance Tax efficient upper limit fell to £1m. If fund

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