Blog

  • 28th July 2014

    HMRC set to issue 40,000 accelerated payment notices

    The Finance Bill, which has now received Royal Assent, has given HMRC a new power called ‘accelerated payment’ in relation to individuals and companies that have used what HMRC view as tax avoidance schemes.
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  • 16th July 2014

    Financial Focus On...Company Paperwork

    Not the most exciting subject for this month’s article but occasionally we need to go back and double check to make sure that we don’t forget the basics. So this month it’s Company Paperwork! Or to put it another way, at some point in the future the Taxman is going to look into a Company’s affairs and will try to put his own spin on Company actions. It is your paperwork that has the power to stop him in his tracks.
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  • 26th June 2014

    Beware the risks of emerging from recession

    History tells us that one of the most difficult periods for businesses to negotiate is as the economy emerges from recession. Previous recessions have demonstrated that as the economy begins to grow then the number of businesses going into an insolvency procedure spikes as businesses ‘over trade’ and do not have the cash resources to fund the up-turn.
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  • 26th June 2014

    Distressed at the loss of 'distress'

    As from 6th April commercial landlords are no longer unable to use bailiffs to collect rent arrears from their tenants, by "turning up" and removing goods to the value of the outstanding rent without notice.
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  • 18th June 2014

    Financial Focus On...A Flipping Nuisance

    “The Art of Taxation is to pluck the Goose so as to obtain the largest possible amount of feathers with the smallest possible amount of hissing” - and the converse can also be said of any tax relief. No matter what the actual benefit of the tax relief, provided it is claimed unobtrusively, HMRC will generally allow the relief to continue – partly due to bureaucratic inertia – but normally without a lot of hissing being aimed in your direction. Sauce for the Gander, you might say.
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