Keep up to date with the latest news and information from UHY Torgersens in Sunderland, Newcastle and Jarrow.
Maximising the benefit of gift aid donations
March 1, 2019
The government's Gift Aid scheme aims to maximise the value of donations made to charities whilst allowing most UK taxpayers to benefit from tax relief on gifts.
Investing – The Bigger Picture
February 20, 2019
Our blog this week is by James Robertson, Chartered Financial Planner. James offers an insightful view of the global financial market and its potential effects on our investments in the year ahead.
February 12, 2019
This month we look at offsetting a loss on the sale of a property against business income, items that can be ignored when calculating taxable turnover for VAT purposes and paying tax on an interest-free loan from an employer.
What is VAT?
February 8, 2019
VAT or Value Added Tax is a form of consumption tax which is an increasingly prevalent source of revenue for governments across the globe. Some 166 countries currently have implemented VAT or its equivalent GST (Goods and Sales Tax).
If I won £1 million how much would the taxman get?
January 30, 2019
Given that winning or, more likely, accumulating one million pounds is not so rare these days, what steps should you take to keep as much of it as possible out of the hands of HMRC?
Understanding the numbers to keep you on track for growth
January 24, 2019
If you own or run a small or medium-sized business and are planning to grow, a business strategy is essential to provide you with structure and direction.
January Q&A: VAT return mistakes, rules for transferring property ownership to minors and whether siblings qualify as direct descendants
January 17, 2019
In this month’s Q&A we answer questions about adjusting accidental mistakes on a VAT return, transferring ownership of property to a minor and whether siblings qualify as direct descendants for IHT purposes.
Considering capital expenditure for your business?
January 11, 2019
Businesses considering investing more than £200,000 in plant and machinery could benefit from a change to the capital allowances rules in January 2019, which should allow them to obtain tax relief at an earlier time.
Key dates for business in 2019
January 3, 2019
As we prepare for 2019, many of the deadlines to note are the usual ones that recur annually, but there are some unusual, even momentous, additional ones.