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The use of AI in Accounting
Do we have a viewpoint on “The use of AI in accounting”? The quick answer is yes based on our experience of…
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Passing on a Farmhouse? What to consider?
Passing on the farmhouse – Implications of the changes to APR and BPR Currently, there is no limit on the amount of…
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Salaries and qualifying for state pension purposes
Paying sufficient salary to get a qualifying year for state pension purposes There are various ways in which profits can be extracted…
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VAT reclaim not gone to plan?
VAT reclaim – When things don’t go to plan Even the best laid plans are liable to change. The ‘payback and clawback…
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Directors Loan accounts…The 30 day rule
Directors’ loan accounts – The 30-day rule Interest rates are coming down, but HMRC’s official rate of interest (ORI) for employee loans…
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Checking your Tax Code
Checking your tax code The tax code is fundamental to the operation of PAYE. An employee’s tax code provides the employer with…
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Inheritance Tax and unused pension benefits
IHT charge on unused pension benefits From 6 April 2027, inheritance tax will be payable where someone’s estate at death includes unused…
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Class 2 NI errors
Class 2 National Insurance contributions charged in error The liability for self-employed earners to pay Class 2 National Insurance contributions was abolished…
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Deductible repairs to a let property
Major repairs to a let property – What is deductible? The nature of buildings is such that it may be necessary to…
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HMRC Debt collection
The powers of HMRC’s debt collection department HM Treasury’s recent ‘Policy Costing Document’ published to accompany 2024 Autumn Budget contained two sentences…
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