Keep up to date with the latest news and information from UHY Torgersens in Sunderland, Newcastle and Jarrow.
An inspector calls – part one: HMRC is upping its game under increasing political pressure to reduce the ‘tax gap’
October 8, 2018
Attitudes are changing. There was a time when those who managed to reduce their tax bill were silently applauded by some members of the community. The years of austerity though, have generated a spirit of outrage; the public at large now links tax evasion and avoidance with a worsening in public services, particularly those provided by the NHS.
HMRC research shows positive attitudes towards MTD
September 28, 2018
HMRC have published Making Tax Digital Research - Attitudes, Behaviour and Engagement, which reports on research undertaken to help HMRC understand how individual customers and agents respond to the core principles of MTD.
The benefits of cloud accounting – data backup and security
September 17, 2018
In the last of our series of blogs about the features and benefits of cloud accounting, we consider a key aspect for all businesses – the security of the online system and how data is backed.
September Q&A: Paying tax on a state pension, NIC deductions on seasonal employment and IHT relief on a parent’s property
September 6, 2018
In this month’s Q&A we look at paying tax on state retirement pension, NIC deductions on seasonal employment and IHT relief on a parent’s property.
Boost your business with effective management accounts
August 28, 2018
Management accounts are an indispensable business tool and new technology has made it easier than ever to tailor them to the needs of your organisation.
Q&A: Bank feeds for cloud accounting
August 21, 2018
A bank feed is an automatic transmission of your bank statement data into your cloud accounting software. A bank feed facilitates the secure transfer of transaction data from your bank to your cloud accounting software.
The benefits of cloud accounting – improved cash flow management and medium-term cost savings
August 16, 2018
In the next in our series of blogs about the features and benefits of cloud accounting, we look at how an online accounting system could improve a business’s cash flow management
Q&A: Mitigating restrictions on mortgage interest relief, benefit-in-kind for electric cars and tax implications of a written-off loan
August 7, 2018
This month we look at mitigating the impact of the restrictions on mortgage interest relief for a landlord, benefit-in-kind relating to an electric car and the tax implications of a written-off loan.
Making Tax Digital for VAT – are you prepared?
August 3, 2018
Making Tax Digital (MTD) for VAT is the first step in a government initiative that will eventually move virtually all tax and National Insurance Contribution management and payments online. That is, it mandates digital record keeping and automated filing for these business processes.
The biggest challenges facing small businesses in 2018 – part two
July 24, 2018
Britain’s small and medium-sized businesses, in particular the family-owned ones, have come in for quite a lot of criticism lately. The ONS has published statistics that are claimed to show that family businesses are largely to blame for the UK’s poor productivity rate. There is no doubt that British business needs raise its game. See our blog of 15 December 2017.