Accounting & Finance News
Landlords with furnished properties can claim the wear and tear allowance for their properties. Whereas, until 2013, landlords with unfurnished properties can claim a ‘renewals basis’ allowance for ‘moveable items’ such as white goods. However, as of tax year 2014,...read more
As of today, the 25th May 2018, GDPR becomes enforceable. GDPR (General Data Protection Regulations) replaces the data data protection act. Maximum fines are 20 million euros or 4% of you world wide annual turnover. What does this mean for your business? Visit our...read more
Article Taken from the BBC News - Thursday 10th May 2018 The Bank of England has kept interest rates on hold at 0.5% and cut its growth forecast for this year. The Bank expects growth of 1.4% in 2018, down from its previous forecast of 1.8% made in February. However,...read more
When does GDPR come in to effect? The GDPR will be implemented on the 25th May 2018. What is GDPR compliance? GDPR compliance is the act of complying with The General Data Protection Regulation Will Brexit affect GDPR? No, Brexit will not effect the GDPR as we will...read more
New research conducted by Xero has found that their partners are growing revenue considerably faster than accountancy firms in the UK overall. We recently released the UK Partner Benchmarking Survey, and of the 400 Xero UK accounting partners questioned, nearly all of...read more
Making Tax Digital (MTD) is part of the government’s plan to make it easier for businesses to stay on top of their day-to-day accounts. HMRC wants to be one of the most digitally advanced tax administrations in the world – improving efficiency, effectiveness and ease...read more
Link to Article By AccountingWEB A freedom of information request has revealed that HMRC cancelled 270,000 late penalty notices in 2016. However, this figure is minimal compared with previous years: 2014 - 400,000 Cancellations 2015 - 610,000 Cancellations The...read more
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