Lucy Orrow: Are you thinking of buying ‘off-plan’?

18 Oct 2018 | Firm News, Personal Tax Planning, Property Services

There has been a recent case going through the courts where Mr Higgins purchased an apartment in 2004 and paid a holding deposit but issues relating to the title prevented construction from starting.  Mr Higgins did not therefore move into the apartment until January...

Richard Hamilton: Do your charity accounts comply with the regulations?

8 Oct 2018 | Firm News, Annual Accounts, Charities

I was recently asked to run a training session for a local charity regarding common accounting issues and, whilst preparing for this, I was surprised to discover the number of sets of financial statements submitted to the Charity Commission that they deem to be...

Inheritance Tax Update from Lucy Orrow – Directors Loan Account

4 Oct 2018 | Firm News, Inheritance Tax

Did you follow the herd at the turn of the decade and incorporate your sole trade or partnership? The aim at the time was to reduce risk and increase security against creditors, which would still be true today.  In addition, the Entrepreneur’s Relief Capital Gains Tax...

Residential Nil Rate Band & Downsizing

26 Sep 2018 | Firm News

We’ve all come across people who in later life have decided to move to a smaller property, “now the kids have moved out” or “we don’t need the space, it’s too much work”, but how are these people affected when it comes to the new Inheritance Tax rules for leaving...

Making Tax Digital for VAT

20 Sep 2018 | Firm News, MTD

With only seven months to go until the Making Tax Digital for VAT #MTDfV deadline, most businesses above the £85,000 threshold should already be integrating the new digital tax system into their processes, but is that happening in reality and do people really know...

Lucy Orrow: Self Assessment Tax Return Dates for your Diary

13 Sep 2018 | Firm News, Self Assessment

With the last of the public holidays behind us until Christmas and the kids back to school, it’s time to set your mind to filing your tax return. Change of Circumstances? Are you newly self-employed, have you been promoted to company director, made a capital disposal,...