Keep up to date with the latest news and information from UHY Torgersens in Sunderland, Newcastle and Jarrow.
Key accounting dates for businesses January – June 2020
January 6, 2020
As we prepare for the coming year, there are a number of deadlines that businesses should be aware of, and new legislation that will affect all employers.
VAT: Reverse charge for building and construction services
December 16, 2019
A major change to VAT collection in the building and construction industry will begin on 1 October 2020, in an effort to combat 'missing trader' VAT fraud.
Proposals to pay doctors’ pension tax bills: an update
December 12, 2019
Doctors have been promised that their tax bills for higher rate pension relief will be covered by the NHS, in an attempt to encourage them to work overtime shifts.
Salary, bonus or dividend?
November 27, 2019
As 31st December approaches, companies will be wrapping up tax matters for their financial year-end and will be considering salaries, bonuses and dividends.
Recognising a genuine approach by HMRC
November 27, 2019
Worryingly, there has been a notable rise in reported incidents of phone calls and/or electronic communications from people claiming to be HMRC.
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 […]