Nov 2, 2018
The Chancellor brought forward an election pledge to increase both the Personal Allowance and Higher Rate tax band, affecting 32 million people. From April 2019, the Personal allowance will increase to £12,500, while the higher rate tax threshold will be £50,000, rising from £11,850 and £46,351 respectively.
Nov 2, 2018
Alongside the Budget held earlier this week, Sir Oliver published his final findings. There had been much speculation that the report was to conclude that large house-builders were land-banking, the practice of buying up undeveloped land purely as an investment, with no plans to develop the land in the short-term.
Oct 1, 2018
Making Tax Digital (“MTD”) is a relatively new acronym for small business and for all tax payers but it represents a significant change in how we will all be recording and return or VAT, income tax and corporation tax information. And it starts three days after Brexit.
Sep 28, 2018
Auditors have a duty and responsibility to report their audit findings to those charged with governance in accordance with the International standards on auditing (ISA) 260. This is typically presented in a management letter or discussed at the finalisation meeting.
Sep 19, 2018
Charities are continually faced with rising costs and increased burden from compliance with the law, particularly the smaller charities. There is huge responsibility placed on the trustees to ensure the charity complies with the law and for them to make the best decisions in the interest for the charity and the public.
Sep 18, 2018