What we think

Measures dropped from Finance Bill increase uncertainty.

The Government has dropped over half of the measures announced in the April Budget from the finance bill in order to rush the legislation through Parliament ahead of the June 8th general election.  With Parliament going to recess on May 3rd, it was rushed through in under 2 hours. The Bill, which would have been… Read more

Funding crisis for local care homes

The care homes funding crisis continues. A series of new financial measures from our Local Authorities look set to cause even more pain to already beleaguered care homes in the region. This is somewhat surprising when set against the backdrop of Local Authorities being able to raise the council tax precept by an extra 3%… Read more

Medical Practice Accounting Clients- Work in Progress

What we are currently working on with our Medical Practice Clients. Personally Administered Items. Research shows that many practices are under-claiming their Personally Administered Items (PAI). In many cases, the under claim can be worth between 50pence and £2.00p per client on the practice list. Keith Miller is working with practices and specialist third parties… Read more

Making Tax Digital- What you need to know.

Making Tax Digital (“MTD”) is HM Revenue &  Customs’ (“HMRC”) drive to close the “Tax Gap” and to make the UK the “most digitally advanced tax authority in the world”. It will mean significant changes to how and when we all deal with our tax affairs. Whilst the digitalisation of tax affairs is generally supported, the ambitious timeframe is… Read more

Marriage Allowance

Marriage Allowance – Teething Problems

Some of you may have taken the opportunity to use the marriage allowance to obtain a tax saving of £212 in the 2015/16 tax year by claiming to transfer any surplus tax free personal allowance from one spouse to the other if you are both no more than basic rate taxpayers. We understand that a… Read more