I always think that acting for the modern farming family is akin to being the accountant of a commercial industrial trading group in terms of the complexity and challenges. With a farming business, one is likely to encounter: At least one Limited Company but quite...
HMRC have just updated their guidance “what to do when someone dies”. This is a step by step checklist, which allows you to make sure you have not missed anything. The list includes: Registering the death; Arranging the funeral; Telling the Government about the...
I thought I would revisit one of the tests I do when I review a client’s accounts. I try to look at the threats to a business. What could occur which might imperil the wellbeing of the business? One such danger might be the over-dependence of one customer. I would...
picked up a copy of The Times on Friday 16th August to be greeted by a headline on Page 1 “Firm behind Action Fraud faces sack after betrayal of victims.” I can’t say that I was surprised. As some of you will know, I suffered the indignancy of having my identity...
During my years of dealing with related businesses (majority being group companies) the concluding meeting point on finalising the end of year financial statements is sometimes ‘what management charges should we apply?’ To have this as a final adjustment within the...
News Update – September 2019: The Government has just announced that it will delay the introduction of VAT Reverse Charging by a year after it was heavily criticised for rushing through the changes without consultation with trade bodies and organisations in the...
