Lifetime ISA

February 1st 2017

The lifetime ISA will launch in April 2017. A lifetime ISA can be opened by anyone between the ages of 18 and 40. Savings of up to £4,000 a year made before the individual’s 50th birthday will earn a government bonus of 25% - a potential bonus of up to £1,000 a year. There is no minimum contribution.

Get your affairs in order

January 18th 2017

HMRC are currently running a number of campaigns to encourage taxpayers who have undeclared income to come forward and bring their tax affairs up to date in return for lower penalties. In particular, campaigns are available in respect of let property, second incomes and credit card sales. If you have income from any of these sources which you need to tell HMRC about, please talk to your adviser as to how you can get the best possible deal under the available campaigns.

What is a transposition error?

September 20th 2016

Often, clients will make transposition errors when inputting their data into spreadsheets or their favourite accounting software. A transposition error is where you accidentally swap two characters, lkie tihs!

Government to replace EU funding

September 2nd 2016

Thousands of British organisations will receive guarantees over EU funding in a new move by Chancellor Philip Hammond last month. Key projects supporting economic development across the UK will be given the green light, ending uncertainty over their future following the UK’s decision to leave the European Union.

New successes for HMRC in the courts

September 2nd 2016

HMRC seem to be making progress in their attempts to discourage, and recover unpaid tax, from participators in tax avoidance schemes. 

A new broom

August 9th 2016

Philip Hammond has been appointed Chancellor of the Exchequer as George Osborne returns to the backbenches.

Bogus emails and now, bogus phone calls

July 20th 2016

The “phishing” emails sent by nefarious individuals, purporting to be from HMRC, have now been joined by bogus phone calls.

Transferring ISAs

July 20th 2016

ISA investors may be interested to read the following guidance issued by HMRC regarding the transfer of ISAs from one provider to another.

The decision to leave the EU brief thoughts on the reaction of SME owners

July 20th 2016

Entrepreneurs and small business owners have always balanced risk and reward, seeking out and taking advantage of the opportunities that are presented in an ever changing landscape.

What was in the Budget?

May 13th 2016

Our government have selected their top-ten tax changes that came into effect from 6 April 2016. Just in case you need a refresher they are: