Latest blogs for Specialisms

17th August 2017 Common Tax Errors Landlords Make

  HMRC have a Let Property Campaign to try to encourage landlords who have not previously declared their taxable income and gains to come forward as soon as possible, in order to bring their tax affairs up to date. The let property campaign is aimed at individual landlords with residential property in the UK or…

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9th August 2017 Charities bound by new Fundraising Preference Service

  A new service is now available for individuals who want to limit the contact they receive from charities. The Fundraising Preference Service (FPS) should give individuals greater control over how and when charities can contact them. The FPS, which launched on 6 July, allows individuals to select charities that they no longer want to…

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10th July 2017 Pros and cons of using limited companies for buy to let properties

Following the announcement to cut tax relief for landlords from April 2017, setting up a limited company to purchase investment properties has been suggested as one way to ease the burden of tax. Whilst the legal transaction is essentially the same whether an individual or a company is purchasing the buy- to- let properties, there…

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9th June 2017 Ransomware advice for charities

Many organisations across 150 countries, including our own NHS, have been hit by a recent ransomware attack. The vulnerabilities  exploited by the hackers are the same for charities, individuals and public or private sector businesses. The Charity Commission is encouraging charities to follow protection advice released by the City of London Police and the National…

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5th June 2017 R&D Claims: Is HMRC advance assurance a good idea?

In a bid to give companies more certainty over whether or not their R&D claim will be successful, HMRC introduced an advance assurance process in November 2015. If you pass this new test, HMRC will agree not to enquire into your R&D claims for the first 3 accounting periods of claiming this relief. So is…

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18th May 2017 General Election

General Election: Which manifesto helps TechCo’s ? With the 8 June general election fast approaching, directors of technology companies will be scanning the main manifestos to consider which party is potentially offering the most useful new policies for their business: Conservatives (link to 84 page manifesto) Running a balanced budget by the middle of the…

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2nd May 2017 Anderson’s present Farming Seminar in Ely

Once again we held our annual Farming Seminar, on the morning of Wednesday 26th April at the Maltings in Ely. Graham Redman and Michael Haverty of The Andersons Centre once again updated us on the state of UK agriculture. Graham and Michael provided some interesting DEFRA statistics with an overview of how each segment of the agricultural…

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25th April 2017 Charity accounts do not meet the required standard

A significant number of charity accounts fail to explain how the charity is meeting its objectives, while many do not meet basic standards for users, particularly in the very smallest charities, according to research from the Charity Commission.   Of a recent sample, 54% of charities did not meet the public benefit reporting requirement. Some…

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29th March 2017 Tax Relief Restriction

Buy-to-let Mortgages: Tax relief restrictions soon to commence. The Chartered Institute of Taxation (CIOT) issued a press release today reminding residential property landlords that the first phase of the restriction of tax relief for mortgage interest commences in April. The change means that finance costs (including mortgage interest) will no longer be deductible in full…

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27th March 2017 Whitings’ Annual Farming Seminar

Invitation: Prospects for UK Agriculture. Once again agriculture is facing many changes and challenges. In order for us all to try and understand the many factors affecting us we have again engaged Andersons, the Farm Business Consultants, to present to us their “Prospects for UK Agriculture” Seminar, on Wednesday 26 April 2017. We are pleased,…

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