Baker Morris Chartered Accountants have over the years come in contact with many owners, leaders and entrepreneurs and the only thing that separates the best from the rest is how they embrace change. Think about it without change, progress and without talent that helps push...
The BCC (British Chamber of Commerce) has called to delay the MTD Making Tax Digital until 2021 fiscal year, the recent survey confirmed that 24% of firms are not even aware of the initiative, 65% are aware of the I initiative by name and a little...
Growing profits in today's volatile economic landscape is no mean feat, but whether you are running your business from a comfortable position or walking a tightrope actively making decisions to increase profits is crucial to any size business. When you stop refining ways or actively...
Digital quarterly updates - News Article Northern Ireland : Finegan Gibson Following concerns raised in response to the government's proposals to 'Make Tax Digital' the government has issued a myth buster which hopes to lessen the fears of many regarding the government's proposals for quarterly updates. We...
Reporting PAYE information 'on or before' paying employees - News Article Northern Ireland : Finegan Gibson HMRC have announced that the relaxation which has permitted some employers with no more than nine employees to report their PAYE information for the tax month 'on or before' the...
In a measure designed to stimulate business investment, the Annual Investment Allowance (AIA) was further increased in the Budget 2014 to £500,000. This meant that businesses investing in purchases of qualifying plant or machinery, such as machinery, vans or computer equipment, could benefit from an increasing...
The government has announced that it will implement a package of improvements to the CIS. The aim of the changes is to reduce the administrative burden on construction businesses. The measures should result in more subcontracting businesses being able to achieve and maintain gross payment status...
HMRC have announced that registration for the new ‘Marriage Allowance’ for married couples and those in civil partnerships is now open. It is estimated that more than 4 million married couples and 15,000 civil partnerships could benefit from an annual tax reduction of up to £212,...
House prices “bounced back” in January, with the Halifax reporting a quarterly rise of 1.9% across the UK. The measure compares prices in the three months to the end of January with the previous quarter. According to the Halifax prices in January alone increased by 2%, compared...
HMRC oversaw the biggest digital Self Assessment event ever this year, receiving 10.24 million tax returns by midnight deadline on 31 January – a record 85.5 per cent of which were sent online, it revealed. However, as many as 890,000 people face a £100 fine for...