Keep up to date with the latest news and information from UHY Torgersens in Sunderland, Newcastle and Jarrow.
An inspector calls – part two: HMRC is upping its game under increasing political pressure to reduce the ‘tax gap’
October 15, 2018
MTD, in providing more information, could lead to an increase in in-depth investigations. So small businesses will have to be more vigilant and attentive to the accuracy of their accounting records as they clearly are going to be more susceptible to being investigated. It is worth noting that the most common reasons why HMRC may start an enquiry are as follows:
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.
Cloud accounting from UHY Torgersens
April 4, 2018
Here at UHY Torgersens, we recognise that online access to bookkeeping and accounting is rapidly becoming the must-have accounting service model for small and medium sized businesses.
GDPR and the impact on SMEs
February 23, 2018
Since the final approval was given by the EU Parliament in April 2016, speculation and a great deal of suspicion has arisen as to the impact of GDPR on small businesses within the UK.
Executive pay: are we paying ourselves what we’re worth?
November 1, 2017
Whilst the media frequently reports on high executive pay, we have dealt with cases where SME entrepreneurs have found it challenging to decide on their directors' remuneration. So how do you measure what you're worth?
It’s all good with the team at UHY Torgersens!
October 4, 2017
We are delighted to bring you some excellent news regarding our dedicated and hard-working team.
Q&A: The Flat Rate Scheme, expenses and tax on electric vans
October 2, 2017
In this Q&A session, I look at questions relating to the Flat Rate Scheme, sole trader expenses and the tax position for electric vans.