I had to smile when I read recently about the travails suffered by Neil Warren the Vat well know VAT Consultant and award-winning writer on tax when he tested the HMRC Vat Helpline for a short article in Taxation Magazine…
Category: In Practice Blog
3rd party contributors
Do you talk to your clients?
A strange question to ask isn’t it? Do you talk to your clients? Surely all accountants talk to their clients and there is no doubt truth in that answer. However, if you discount the calls to chase information, to obtain…
Accountancy practices already are Advisory practices
Accountancy practices are advisory practices. Not sure? Just ask an accountant for advice and see for yourself. On page 12 of this magazine you will find a great article by Elaine Clark, where she restates her love of compliance and…
Cut through the noise and be the Accountant you always have been
Any Accountant in Practice today is aware of the digital agenda that’s a simple statement of fact. The fact is they would have to be operating their practice in a vacuum to not know because the wall of noise about…
Being in Practice means living with constant change and new threats: Nothing new there
Accountants in practice are pragmatic and as my old principle used to say “Know the value of £”. The landscape they operate in is subject to constant change based on annual budgets which effect taxation directly and are getting larger…
Every little tax break helps
Mark McLaughlin highlights an income tax exemption that could be more useful than some people might expect. The UK tax system is not known for its generosity when it comes to allowing tax-free benefits from an employment. Any such benefit…
Annual Allowance for Pensions and the tapering provisions
The annual allowance has applied from the tax year 2006-07 onwards. There have been various changes since then with the current allowance set at £40,000 for 2017-18. In basic terms an individual can make pension savings up to £40,000 and…
£95 million for local broadband
Autumn Budget 2017 launched a £190 million Challenge Fund to help roll out full-fibre to local areas – providing the fastest, most reliable broadband to more homes and businesses. Today’s Spring Statement 2018 has allocated the first wave of funding,…
Taxationweb Editor Lee Sharpe considers the Spring Statement in all its gory glory
Introduction The Chancellor issued his Spring Statement on 13 March 2018. This article focuses on the tax aspects of his Statement that seem likely to be of interest to OMBs and their advisers. From that perspective, the Statement was primarily…
Payment of CIS Tax
By: Robert W. Maas FCA, FTII, FIIT, TEP 8.31 Focus Tax is also deducted at source from payments to building industry sub-contractors. This has to be deducted (and in most cases accounted for electronically) by contractors and anyone else who…