News

Home » News

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.

Latest posts

MTD – What is a digital link?

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

Tips to reduce your tax bill

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

Changes to Principal Private Residence Relief

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
Beginning of the end for Entrepreneurs’ Relief

Beginning of the end for Entrepreneurs’ Relief

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

Landlords – cash is king

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
IR35 impacts from Budget

IR35 impacts from Budget

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

Autumn Newsletter 2018

In this edition of our newsletter Richard Coombs, Tax Partner reminds us that it is not too late to secure a settlement deal with HMRC if you have been involved in an Employee Benefit Trust or contractor loan, but you really must act now, before the loan charge comes...

read more

Autumn Budget 2018 Summary

In his Budget speech yesterday, Philip Hammond described his Budget as one for hard working families; for strivers, grafters and carers. On several occasions he repeated the phrase “austerity is coming to an end” (not “at an end” as the PM had said), before announcing...

read more

Other announcements

Charity taxation From April 2019, the Government will introduce measures to reduce administrative burdens on charities. These include: An increase from £5,000 to £8,000 in the upper limit for trading charities can carry out without incurring a tax liability where...

read more
Entrepreneurs Relief Post Budget 2018

Entrepreneurs Relief Post Budget 2018

AN UPDATE ON THE IMPACT OF THE AUTUMN BUDGET ON ENTREPRENEURS RELIEF. Richard Coombs, Tax Partner at Bates Weston comments: “Whilst some commentators were predicting that the Chancellor would end the very generous capital gains Entrepreneurs Relief, he stopped short...

read more

Assurance options

For various reasons a business or a charity may need to assure interested third parties, its own management or shareholders/stakeholders that its financial statements are a true representation of its financial position. There are several ways that this assurance may...

read more

Cash flow case study

Our client has a profitable business, dealing with high volume, low margin product which is subject to significant increases in raw material costs and extended supplier deadlines. The owners understandably prioritise satisfying customer demand over reducing the cash...

read more

Business News

The latest business and financial issues making the headlines.

Read more

Services for all business sizes

All the help you need as your business grows. Call us to see how we can help.