Blog Archives

Spring Statement 2019: Some Key Points

The Spring Statement is an opportunity for the Chancellor to provide up-to-date information and progress regarding the economy since Budget 2018. We’ve picked out a few key points to highlight developments within the economy and what is useful for you

Posted in exeter accounting

Are You Eligible for R&D Tax Relief? Here’s What You Need to Know.

Who Is Eligible to Claim R&D Tax Credits? Does your company work on innovative projects within the science and technology sector? If your organisation has invested time and money carrying out research and developing new products and/or services, you could

Posted in exeter accounting, Tax credits

Brexit: 5 Ways Businesses Could Be Affected

Brexit is becoming an increasingly hot topic as the deadline for the UK leaving the EU draws closer. We are set to officially leave the EU on the 29th March 2019 and the government has been very busy trying to

Posted in exeter accounting

Why You Need to know about Making Tax Digital

The Making Tax Digital (MTD) process will affect all businesses by 2020 (except those exempt), and it’s important to prepare for the switch. Due to inaccurate tax records being kept and incorrect amounts of tax being paid to the HMRC,

Posted in Business, exeter accounting, Value Added Tax

Buy-to-let Property

A guide for individual landlords on the recent tax changes. Whether you own 1 or 50 let properties, you need to be aware of the tax changes that have already started to take effect – and which will accelerate over

Posted in exeter accounting

HMRC 31st July 2017 Payments on Account

‘The end of July marks another tax deadline – for paying the second instalment towards your 2016/17 tax liability. If you are required to make payments on account then these are calculated as 50% of your 2016 tax liability each.

Posted in exeter accounting

Delayed Making Tax Digital Announced

Yesterday’s statement from the Treasury confirmed delays for the Making Tax Digital timetable. The new timeline shows that only businesses with turnover above the VAT threshold (£85,000) will need to keep digital records, will come under MTD in 2019, as they already

Posted in exeter accounting

HMRC Unleashes Super Computer

HMRC Unleashes Super Computer To Boost Investigation Prowess After several years of development and at a cost of £100m, HMRC has finally launched its latest weapon aimed at reducing the £36billion gap between what tax it should and does collect.

Posted in exeter accounting

Companies House are the only register of limited companies in the UK

This article by Companies House is very relevant at this moment in time, MJ Smith have seen several scams similar to the ones described below in recent weeks. ‘Have you ever received a letter asking for money to stay on

Posted in exeter accounting

Philip Hammond abandons plans to raise national insurance in wake of rebellion by Tory MPs

Philip Hammond has abandoned plans to raise national insurance for self-employed workers in this Parliament after admitting that it breached the “spirit” of the manifesto. The Chancellor provoked a furious reaction from Tory backbenchers after using his Budget to announce plans

Posted in exeter accounting

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Latest News

Spring Statement 2019: Some Key Points

The Spring Statement is an opportunity for the Chancellor to provide up-to-date information and progress regarding the economy since Budget …
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Removing your home address from the public register

Since April 2018 company directors and other eligible people such as company secretaries, people with significant control (PSC) and LLP …
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What is a finance lease?

The definition of a finance lease can be difficult to pin down. In legal form a finance lease is just …
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