You will hopefully have completed your self-assessment tax return form for 2017….

Read more ...

This may perhaps be considered a little controversial but as tax advisers we can often be the last professional adviser to be informed that a client has disposed of a UK residential property. This sometimes occurs only at the point the client provides us with their tax return information.

Read more ...

 

Many of us have woken up to the news this morning that construction giant, Carillion, has gone into compulsory Liquidation. The writing may have been on the cards for some time; the Company’s shares have lost 90% of their value since 2017; the Company has been issuing profit warnings over the past year; and costs have significantly overrun on some large public sector contracts. The knock on effect could be dramatic for many:

Read more ...

Over the last twelve months two of my clients involved in the construction industry have suffered joint visits by the HMRC VAT and Construction Industry Team.

With the demise of local HMRC offices, this approach represents a change from previous HMRC practice.

Read more ...

Scammers don’t care whether you’re an experienced investor or have never put your money anywhere other than a bank. They will try to anything to pressure you into handing over your hard-earned cash, leaving you with nothing but a hefty tax bill.

Read more ...

 

Once a company has reached the end of its useful life its shareholders may place it in liquidation and extract any assets after payment of creditors by way of liquidation distribution.

Read more ...

 

After a year of fund-raising, including participating in events including sky-dives, fun runs and bake-offs, our Plymouth office raised over £5,000 for children’s charity Jeremiah’s Journey.

Read more ...

How is it that time of year again?! The autumnal orange leaves have fallen from the trees and fireworks have swiftly been replaced with the twinkle of Christmas lights. That’s right, it’s the time of year we have a tendency to splurge out and indulge in the festive offerings – but will businesses be thriving or feeling the festive pinch come January? 

Read more ...

1 January 2018

● Payment of corporation tax liabilities for accounting periods ended 31 March 2017 for small and medium-sized companies not liable to pay by instalments.

Read more ...

Thomas Westcott advises many NHS professionals with their financial planning affairs; we would like to share with you a topic relevant to all NHS pension scheme members. 

It concerns the tapered reduction of the pensions annual allowance for those earning £150-210K per annum. This “adjusted income” figure includes NHS PAYE income, private practice income and the value of employer pension contributions amongst others. 

Read more ...