Keep up to date with the latest news and information from UHY Hacker Young Fitch in Belfast.
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.
Are the additional costs of an actively managed fund worth it?
July 4, 2018
As a financial planner responsible for the creation, oversight and maintenance of model portfolios for our clients, I am acutely aware of the continuing debate over actively managed vs passive funds.
What are the benefits of cloud accounting?
June 27, 2018
The tools that are available to business owners, their bookkeepers and accountants have changed. How could cloud accounting revolutionise your business?
Accountancy for the avocado toast generation
June 19, 2018
After the Baby-Boomers came Generation-X. After Generation-X, we’ve got the catchier one-worded 'millennials'. Broadly defined as people born between the early 80’s and mid-90’s, they are the group who reached adulthood around the start of the new millennium (and it turns out I’m one of them).
What does it mean to prosper? Part one
June 13, 2018
UHY’s strap line is 'Helping you Prosper'. But what does it mean to prosper? Prosperity often encompasses wealth but my experience in Onialeku Primary School and the community in Arua, Uganda showed that prosperity can include factors which are independent of wealth to varying degrees.