WSM Blog

Cryptocurrency and Blockchain Series – The Blockchain Part 1

Welcome to the new Cryptocurrency and Blockchain Technology Series. The intention for this series is to give our readers and clients an understanding of the technology that they are hearing and will hear more frequently about in the news and in their lives.

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Year End Tax planning – Tax Free Dividend Allowance

The dividend rules changed two years ago and as a result the first £5,000 of dividend income in a tax year is free of income tax.

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EuropeFides 2018 Malta

The EuropeFides AGM in Cologne was held at The Westin Dragonara Resort, located in the heart of downtown St. Julian’s and right on the Mediterranean Sea.

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Updates expected in 2018

The Self-Assessment filing deadline for the 2016/17 tax year is now behind us. The passing of the tax filing deadline not only offers a sense of relief but also signals that we are approaching a new tax year 6 April 2018.

Landlords feeling the pinch

Landlords are starting to feel the impact of recent tax changes in the payments that they are due to make to HMRC on 31st January this year.

VAT Return Nightmare

I am often asked by my clients why we charge for preparing and checking the VAT Returns when the bookkeeping is computerised and the accounting entries are recorded on reputable software. Clients expect the VAT Return to be correct and the check to be done automatically by the software programme but this is not always the case as many factors come into play.

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Spare room to Let? That’s Great News!

In the March 2017 Budget the Government announced it intends to review the ‘rent-a-room scheme’ which is currently a tax-efficient way of letting out your spare room.

The General Data Protection Regulation

The deadline for General Data Protection Regulation (GDPR) is fast approaching. The implementation date is 25th May 2018. Many SMEs will think that this does not affect their business. This affects all types of organisations who have an EU establishment and also those who transact within the EU.

Hidden Brexit Costs Of Corporate EU Compliance

Many hoped BRexit would mean remove the burden of compliance with EU directives from UK businesses. Two recent EU directives indicate this hope is likely to be in vain and UK businesses will bear the costs of compliance despite BRexit.

Who Is Accountable?

Charities and not for profit organisations are in hard times with Government cut backs as they have been as a result of the 2010 austerity budget. This has impacted on Local Authority cutting back on their funding to many charities and not for profit organisations.