End of the Personal Service Company?

The chancellor in his 2018 budget announced that tighter tax rules for those working in the public sector will be extended to those working for private firms. The rules in the public sector have almost eliminated the use of personal service companies. Among those affected will be IT contractors, engineers and consultants. The crackdown is […]

Virtual or Part-time Finance Director – How it can help your business

  Many growing SME companies cannot afford the cost of having a full time Financial Director, but they need financial management support on a temporary or part time basis in order to develop their businesses. This is often the type of support that their auditors / accountants are unable to provide and if they can […]

R&D Tax Credits

The reason for this Blog is that I was very surprised that a local firm that is in involved marine design and development, which I was providing mentoring support to, had to use a specialist consultant to recover their entitlement for R&D tax credits. The firm are using a well established mid-sized regional firm of […]

Property Embedded Fixtures & Features’ Allowances or PEFFs

Did you know that in addition to claiming Capital Allowances on moveable fixtures and fittings used in your business you can also claim ‘Property Embedded Fixtures & Features’ Allowances or PEFFs, on the immoveable assets in your properties? We came across PEFFs recently in discussion with a holiday let business on the Isle of Wight. […]

Importance of VAT Registration

We have many clients who see VAT registration as the ‘end of their business’. But we find many clients totally unaware of the penalties and other fines that can be imposed by HMRC if they do not comply with the regulations. The following details are of a recent case involving non-registration for VAT. The case […]

Making Tax Digital

The following paper has been written by Rebecca Cave for accountancy software provider, Tax Calc to provide information on the introduction of Making Tax Digital. Although there has been some delays due to the political situation, it is important for small businesses to prepare for its introduction. The making tax digital (MTD) project represents a […]