• 17th September 2021

    Calling all Trustees – HMRC Trust Registration Service

    The HMRC Trust Registration Service (TRS) has now been in existence since 2017 but until now has largely been concerning itself with those trusts that have a tax liability. From the autumn of 2021, however, the TRS will be extended to all express trusts (with few exceptions) even if there is no tax liability or other reporting requirement.

  • 15th September 2021

    Software tips – Sage Line 50 – Favourite Reports

    With harvest nearing an end and cultivations well underway, we appreciate that many have even less time to spend in the office than usual. That’s why, now more than ever, your accounting software needs to work for you. We’ve compiled a list of ten accounting software hints and tips covering a range of software options, designed to save you time in the office, at no extra expense to you. Here is tip number one.

  • 31st August 2021

    Remote working and auditing – LATCOs

    As we all transition to the “new normal” the hot topic for discussion is - to be in the office or not to be in the office? Clearly there are pros and cons for each.

  • 31st August 2021

    Farm diversification and VAT

    As the rural community continues in its search for new, non-farming and diverse income sources, thought needs to be given to the VAT position of any new enterprises.

  • 23rd August 2021

    Accelerate your Capital Gains Tax plans

    Predicting what the government will do in the next Budget is nigh on impossible but one thing is certain: the government has spent an eye-watering amount of money over the pandemic and it must be paid back somehow.

  • 21st August 2021

    Is your agricultural business trading losses?

    Following the government’s announcement in March, businesses that incur trading losses can now carry them back up to three years instead of the usual one. This temporary extension applies to trading losses made by companies in accounting periods ending between 1 April 2020 and 31 March 2022, and by unincorporated businesses in tax years 2020/21 and 2021/22.

  • 26th July 2021

    What capital allowances can LATCOs claim on properties?

    When purchasing a commercial building, it can be all too easy to lose sight of valuable capital allowances reliefs that may be available; this is what to look out for.

  • 16th July 2021

    Intestacy Rules

    New research suggests that 61% of people in the UK still do not have a Will. That is a lot of people who will be relying on the Intestacy Rules to deal with their Estate on their death.

  • 1st July 2021

    Ecommerce VAT Changes from 1 July 2021

    From 1 July 2021, the EU introduced substantial changes to the VAT rules around ecommerce. The changes will impact businesses making business to consumer (B2C) supplies of goods.

  • 29th June 2021

    Covid Relief and Furnished Holiday Lettings

    What Covid-related relief has HMRC granted for the Furnished Holiday Letting (FHL) industry? In short - nothing specific. However, there are two existing reliefs that can be used to preserve FHL status which then can lead to valuable CGT reliefs on a future business or property disposal.