Our journey
In 2016 Albert Goodman celebrated a milestone – 150 years in business – making the company not only one of the most successful in the South West, but the longest standing company in the region. There may have been lots of change over the years, but the ethos and focus on providing excellent client care ensure that Albert Goodman has stood the test of time and will continue to maintain a strong market position in years to come.
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Latest from Albert Goodman
Residential property – to buy personally or through a company?
In recent years HMRC have reduced the amount of interest that is available for relief at an individual’s marginal rate of tax. Holding property personally has therefore become less efficient than in previous years for certain individuals.
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Reclaiming VAT on cars?
The ability to reclaim VAT on the purchase or lease of a vehicle depends firstly on whether the vehicle is considered to be a car, as there are specific rules relating to reclaiming VAT on cars. WHAT IS A CAR? For VAT purposes a car is a mo
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Changes to VAT on PCP contracts
The VAT treatment of PCP contracts has changed following a European Court of Justice decision, in relation to Mercedes Benz Financial Services (MBFS). In broad terms a PCP contract is one where the customer pays a series of lease payments f
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Auto-Enrolment Update
The automatic enrolment of the UK workforce into a formal pension arrangement has introduced over 10 million people to retirement saving. Taking that statistic on face value – it’s been a phenomenal success. The minimum contributions t
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Structure and Buildings Allowance
During the Autumn Budget in 2018 the Chancellor announced a new capital allowance – the Structure and Buildings Allowance (SBA). This was very welcome but is it as good as it sounds? The SBA is available for all business types including s
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Construction Industry Round Up
A FOLLOW UP ON POINTS COVERED AT OUR RECENT CONSTRUCTION INDUSTRY BREAKFASTS In February and March, we ran seminars focusing on one of our specialist sectors, construction. In Yeovil, this was in conjunction with South Somerset District Cou
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Making Tax Digital (MTD) – It’s Now Live…
The much talked about MTD went live on 1 April 2019. In case you have been living in a bubble and don’t know what MTD stands for, it’s Making Tax Digital. This is an HMRC initiative to digitalise record keeping and mandate the submiss
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IR35 Reform
During the Budget speech last year, the Chancellor described the measure as a means of tackling perceived high levels of non-compliance with IR35 among the self-employed, stating, “Widespread non-compliance also exists in the private se
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Albert Goodman announce two new partner promotions
South West-based chartered accountants, tax consultants and financial planners Albert Goodman announce the promotion of two new partners, Sophie Parkhouse and Chris Lewis, bringing the total number of partners at the firm to 18. Sophie is c
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