Keep up to date with the latest news and information from UHY Torgersens in Sunderland, Newcastle and Jarrow.
UHY Torgersens’ partners recognised as Business and Finance Professionals
November 11, 2019
As part of its on-going strategy to support the growth of north east SMEs, all of UHY Torgersens’ FCA certified partners are now recognised as Business and Finance Professionals (BFP).
All employers to be affected by the Good Work Plan from 6 April 2020
October 21, 2019
The Good Work plan is a Government strategy coming into effect on 6 April 2020. It is set to reform employment law, with a focus on the following areas.
Our experience of the benefits of cloud accounting – Part 2
October 4, 2019
As promised, this is the second of two blogs revisiting the main ways in which SMEs can benefit from transitioning to cloud accounting, with observations based on our experience over the past 12 months.
September 20, 2019
20 September 2019 In this month’s questions and answers we focus on the tax-deductibility of training courses for business owners, the statutory time limit for keeping VAT records and the capital gains implications of paying off a mortgage and selling a property. 1. I am a qualified physiotherapist and have been running my own business […]
How the Employment Allowance restriction will affect employers
September 16, 2019
16 September 2019 The Employment Allowance (EA) is a valuable relief, particularly for small businesses as it potentially cuts their national insurance contributions (NIC) bills by allowing a pre-set annual amount to be offset against PAYE NIC costs. The current limit is £3,000, and it is widely available to most employers. However, from 6th April […]
Our experience of the benefits of cloud accounting
September 3, 2019
HMRC’s new regulations for Making Tax Digital for VAT (MTDfV) came into effect on 1 April 2019, meaning that most VAT registered businesses with a quarter end of 30 June 2019 have either submitted their first compliant VAT return or are in the process of doing so.
Company directors’ NIC payments
August 27, 2019
We explain how, in certain situations, the non-cumulative nature for calculating employee Class 1 NICs makes it possible to manipulate earnings to reduce the overall amount payable.
August 15, 2019
In August’s Q&A we answer queries about CGT on a chattel, including a gross or net value in a rental income for VAT and mobile phones for business/personal use.
CGT – a major change due in April 2020
August 9, 2019
For those who are involved in disposing of a UK-based property, there is a change coming into effect that will have significant impact on any CGT payable.