News & Press

Generally, when a property is used to earn rental income then it will fall under the definition of investment property.The problem is that FRS 102 (Sept 2015) simply states that the where a property that is owned by one group company and is...

Companies often believe that this is an easy calculation…just apply 10% against our debtor balance.Now this may work as an approximation for your management accounts but it won’t do for your annual financial statements. Below is a description...

Key Points:It is now more important than ever to ensure your tax affairs are up to date. Government systems are much improved and offer greater visibility on individuals who are not up to dateIf you have only recently acquired a rental...

Within most leases there is often a requirement for the landlord to provide an annual statement of service charge expenditure to occupiers after a service charge period. It is common for the annual statement to be certified by the landlord’s...

Many individuals pay into a pension scheme each year, whether through their employer, making their own contributions into a private scheme or a combination of both.However, what most taxpayers don’t know is that there is both a life time...

The headline thresholds for companies that are required to be audited have not changed for a number of years: £10.2m turnover; £5.1 assets; and 50 staff. However, below the surface are a number of exceptions and you will need to consider...

Sensitive company information in the public domain can be used by various stakeholders such as employees or in particular competitors to gain an advantage.A classic example of this, and an accountants worst nightmare, is when the detailed...

Many small business owners are often looking at tax efficient ways to get money out of their company, or to provide small rewards to employees in a tax efficient way.HMRC recognise that for small items, it is often not practical or efficient...

It was only at our annual insurance review meeting with our brokers (Churchill Insurance Consultants Ltd) that it was highlighted to me that the Insurance Act 2015 existed.Essentially the act deals with the non-disclosure of material facts in...

The last few years have seen a number of controversial changes to the UK tax system, and for buy-to-let landlords, the new legislation has proved particularly costly. Cuts to tax relief and hikes in stamp duty have seen profits from...

Whether you’re an experienced investor or a first-time landlord looking to dip your toe into the market for the very first time, VAT can be a complex and often confusing issue. In this article, we’ll look at some of the ways in which VAT can...

When it comes to selling your business, preparation is everything and it must start years beforehand.There are a number of key elements that require focus:Establishing the business’ story (history, current standing and prospects)Selecting the...