A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
HMRC has decided to dispel some of the myths it believes surround Making Tax Digital for VAT. Among the myths they are challenging is that businesses don't know MTD is happening or what to do. They maintain that more than 80% of businesses had already started to make...read more
Watch out for the impact of Off-Payroll working rules in sale transactions from April 2020 If you own a private limited company and make payments to a personal service company (PSC) then from April 2020 it will be the clients responsibility to police the IR35 regime....
In our experience, it is never too early to start discussing your options with an experienced advisor. Finding the right advisors, those who understand you, your business and the veterinary practice market, with a track record for delivering a successful sale is...read more
We are looking for graduates to join our successful and progressive business. We offer excellent training, varied work experience and the opportunity to study for the AAT or ICAEW (ACA) professional qualification. We are looking for proactive, ambitious students, to...read more
Watch out for the impact of Off-Payroll working rules in sale transactions from April 2020 If you own a private limited company and make payments to a personal service company (PSC) then from April 2020 it will be the clients responsibility to police the IR35 regime....read more
You only sell your business once and preparation is everything. Finding the right advisors, those who understand you, your business and the specialist care market, with a track record for delivering a successful sale is crucial. At Bates Weston Corporate Finance, we...read more
As of 31 March 2019, SDLT is now due for payment 14 days after the completion of the transaction. Given the cashflow pressures of this it will be more important than ever to get the SDLT liability right and take advantage of any reliefs available. Multiple Dwellings...read more
Cassandra Graham, Tax manager at Bates Weston, explains the elections you can make to protect your Entrepreneurs' Relief on dilution of your shareholding. As ever, this article is general in nature and you should take no action based upon it without first consulting...read more
Richard Coombs, Tax Partner at Bates Weston, looks at the outcry against the retrospective nature of the loan charge, effective from the beginning of April 2019. You would be forgiven for thinking that now that April has passed then the loan charge is now a done deal...read more
What is a digital link and how not to break it! So, we’ve heard lots about Making Tax Digital for VAT, and we know that if our business’s taxable turnover is over £85,000, we have to keep our business records in digital form and file our VAT returns using functional...read more
Puzzling over your tax return? As the tax deadline of 31 January looms, our thoughts turn to making sure our client’s tax affairs are in order and that they are taking all reasonable measures within the constraints of the tax system, to ensure that they minimise their...read more
Graham Buckell, Tax Partner at Bates Weston, explains the changes made to Principal Private Residence Relief (PPR) in the budget. "In his Budget speech, the Chancellor announced two changes to principal private residence relief. Both are due to come into effect from...read more
Cassandra Graham, Tax Manager at Bates Weston, considers the new conditions and restrictions on Entrepreneurs' Relief post Budget. The Budget 2018 brought in unforeseen changes to Entrepreneurs’ Relief which turned a relatively straightforward piece of legislation...read more
Richard Coombs explains the change to cash based accounting for landlords with rental income below £150,000. "At this time of year many people will be thinking about preparing their 2017/18 tax returns. If you are a landlord, you may have missed an important change...read more
With a 72-minute-long speech, and more than 100 pages of documentation to accompany it, there's a lot to report from Budget 2018. Several of the headline announcements brought in changes for small and large businesses alike, with initiatives aimed at improving growth,...read more