HMRC wins appeal over CGT tax discrepancy The situation involving John and Janet Beesley’s tax affairs unfolded due to a series of significant errors made by their accountant. (John and Janet Beesley v HMRC [2023] TC08871) The Beesleys submitted their self assessment returns for the year 2015/16 in January 2017. Neither included a capital gain […]
Category Archives: Compliance
04
Mar
Mar
Important Changes to UK Company Law The Economic Crime and Corporate Transparency Act became law in October 2023. Since then, HMRC have been getting ready to introduce the measures brought in by the act. The first set of changes are due to take effect on 4th March 2024. (subject to secondary legislation and parliamentary […]
Compliance, Moorgate update, MTD, PAYE, Payroll, Self Assessment, Tax advice, VAT Compliance
Autumn Statement – November 2023
23
Nov
Nov
Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were significant statements relating to National Insurance changes and also the reform of work-related state benefits. Income […]
22
Nov
Nov
Economic Crime and Corporate Transparency Act The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023. The act gives Companies House the power to play a more significant role in tackling economic crime and supporting economic growth. Over time, the measures will lead to improved corporate transparency and more accurate and […]
13
Nov
Nov
Small Company P&L Filing On The Horizon Some changes are on the horizon for small companies and they might not be everyone’s cup of tea. Thanks to the Economic Crime and Corporate Transparency Act passed last week (30 October 2023) small companies will now have to deal with the extra task of filing a profit […]
20
Oct
Oct
Super-tax expert Our super-tax expert James Brinded received a very interesting thank you this week. It was from a client for whom he battled with HMRC, in order to save her tens of thousands of pounds. Because that’s what heroes do. His marvel-lous ability to harness the power of numbers meant he was able to […]
Compliance, Moorgate update, Self Assessment, Tax advice
Be An Early Bird: The Benefits of Filing Your Tax Return Early with Moorgate
08
Aug
Aug
It’s always worth considering filing your UK tax return early, with an accountant by your side.
02
Aug
Aug
Why is Bookkeeping Important for a Small Business? Bookkeeping is essential for a small business as it helps: Monitor financial health and make informed decisions, including cash flow. Comply with tax regulations and avoid penalties. Track expenses and revenues, enabling identification of areas for improvement. Enhance credibility with lenders, investors and customers. Advantages of […]
06
Jun
Jun
Why Should I File My Self-Assessment Tax Return Early? You don’t have to wait until January to file your Self Assessment tax return – as soon as the tax year ends, you can submit your tax return at a time that suits you. Did you know that more than 77,500 customers submitted their 2022/23 tax […]
30
May
May
Alternative to Intuit QuickBooks Desktop In October 2021, Intuit QuickBooks announced it was discontinuing QuickBooks Desktop support and updates for its UK customers, citing compliance changes and a shift in UK product development focus. The move echoes a wider shift in the accounting software industry, as established desktop vendors seek to establish and support one […]