Mark McLaughlin highlights tax planning on gifts between spouses or civil partners that might help some couples at a time they would probably prefer not to think about “In this world nothing can be said to be certain, except death…
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LLP SORP: The Revisions Effective Period Commencing 1st January 2019
On 14 December 2018, the Consultative Committee of Accountancy Bodies (CCAB) issued a revised Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP). The SORP has been amended to reflect the changes made to FRS 102 The…
IR35 The Countdown Begins
Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors IR35: the countdown begins Since IR35 was introduced almost two decades ago, its core aim has been to combat disguised employment; to…
HMRC Case Updates from Accountants to Restaurants
Here’s an update on recent HMRC successful investigations and prosecutions HMRC loses £300k chocolate brownie VAT case A health food brownie containing dates and brown rice bran has been deemed a cake – and so free from VAT charges –…
Is HMRC’s Attitude to “Reasonable Excuse” claims Reasonable?
Mark McLaughlin looks at a recent case in which the tribunal suggested an approach when considering whether a taxpayer has a reasonable excuse for failure to comply with certain tax obligations The imposition of penalties by HMRC is a constant…
Effective Selling Isn’t Doing All The Talking Yourself
In the first of a two-part series, Phil Sayers explains how you can develop those all-important soft skills As an accountant, you may not think of yourself as a sales person, but there are certain sales skills you need to…
BFP: A New Qualification For Small Practice Staff
A qualification for business ICAEW’s Business and Finance Professional qualification might be exactly what you need to boost your practice’s reputation In a fast-moving, complex environment, business needs have become increasingly demanding and clients’ expectations are higher than ever. While…
Is Running a Business a ‘Juggling Act’?
Running a business is a circus of a different kind, says iwoca’s Richard Sutton Why did iwoca surprise commuters at Manchester Piccadilly station with a flash mob-style juggling act, highlighting the daily hassles facing the owners of Britain’s 5.6 million…
The Steps to AML Success : A little love goes a long way
Richard Simms offers a practical guide to AML compliance and risk management for accountants in practice Achieving AML success is well within your reach. Simply put, it’s a mindset, an approach to how you operate your firm and a desire…
A Case in Point: How Tax Case Decision can help
Russell Cockburn considers the use of tax case decisions in disputes with HMRC One of the things I get slightly annoyed about when I am advising others on disputes with Inspectors of taxes is the way they occasionally use tax…