Keep up to date with the latest news and information from UHY Hacker Young Fitch in Belfast.
Deliberate deprivation when funding long-term care
October 23, 2018
A recent case, decided on the 14th September 2018, is a useful reminder that when considering deliberate deprivation it is essential that the local authority look closely at the intentional aspect of deprivation and not just infer it from the proximity of the gift to the need for care.
What are the advantages of digital record keeping?
September 25, 2018
By using software to keep digital records, business owners can take advantage of the following benefits.
Pension Lifetime Allowance on death
September 24, 2018
In a recent retirement planning meeting we came to discuss how pensions valued over the lifetime allowance are charged, particularly where there are multiple beneficiaries and/ or a mixture of payment types being taken.
In memory of William (Willy) Hagin
September 3, 2018
On Tuesday 28 August 2018, William (Willy) Hagin unexpectedly passed away in his sleep. He had left our office in good form the previous Friday and had enjoyed the bank holiday Monday helping a local farmer with lambing, unfortunately not to return to us on Tuesday.
Making Tax Digital – Key questions about VAT submissions in a digital world
August 21, 2018
In July 2018, HMRC issued VAT Notice 700/22: Making Tax Digital (MTD) for VAT. This notice provides guidance on the requirements for VAT registered businesses with taxable turnover above the VAT registration threshold (currently £85,000) to keep records in digital form and file their VAT Returns using software.
Two wheels are better than four
August 16, 2018
With motorbike sales up 7% on 2017 figures, more people are turning to two wheels. Not only are two wheels considerably more fun than four, you can beat the congestion and reduce your commuting time.
Financial planning for later life
August 6, 2018
Despite the great news that we are living longer, it is important to note that with increased longevity comes additional financial risks. Statistics show that typically, people now have around 20 plus years in retirement (from the age of 65). But the research suggests that on average, men underestimate their life expectancy by almost four years, and women by two years.
222: One of the UK’s top tax reliefs
July 31, 2018
The gain on your home is likely to be the largest gain you make in your life so it is vitally important you meet the criteria to ensure you get the benefit of this most lucrative relief.
Don’t get burnt by late payment interest
July 12, 2018
Payments on account are advance payments towards your tax bill. These are payable by 31 January and 31 July. You are not required to make payments on account if your tax liability for the last tax return was less than £1,000 or you have already paid at least 80% of your tax at source.