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CPD

Inheritance tax and pension changes for women

This month, thought I’d cover a couple of subjects, just to keep you on your toes! Inheritance tax (IHT) This is a subject that many people mistakenly think won’t affect them. After all, they might feel they don’t have much cash and that they are well below the limits where IHT kicks in. However, the…

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CPD

Survey highlights good weather was a major concern

The results of MHA Larking Gowen’s fourteenth Tourism, Leisure and Hospitality Business Survey have just been published. High on the list of challenges was the weather in 2018! The weather played a big part in the trading results for a lot of tourism businesses in the eastern region. For businesses in the tourism sector, 2018,…

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CPD

Electronic invoicing

Hopefully most of you will know that Making Tax Digital (MTD) came into effect from 1 April 2019, meaning that all VAT registered businesses trading over the VAT registration threshold of £85,000 will now need to submit their VAT returns using a compliant software. Those affected should now have suitable software in place. If not,…

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CPD

Being proactive in uncertain times

This is likely to be a landmark year for the economy and British business. At the time of writing, we still seem no nearer to achieving a negotiated Brexit deal that satisfies all parties. Like most, I’m not going to stick my neck out regarding what might happen and trust that it will all be…

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CPD

Tax tips from Larking-Gowen

When it comes to personal tax, there are always issues that get us accountants excited (well relatively!). Three current hot topics are: Claiming for tax deduction of clothing For many years clothing of any sort has not been tax deductible, unless it was for specific safety reasons. This stemmed from a famous case, which a…