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In the meantime, check out the latest tax news for your business

VAT on the costs of selling a subsidiary

When a holding company sells shares in a subsidiary, the VAT incurred on the professional fees involved would normally be irrecoverable, on the basis that a sale of shares is an exempt supply.

Childcare accounts can subsidise summer childcare costs

If you have children under 12 who attend a nursery, after school club, playscheme or childminder, or you are considering sending them

What is a pool car?

The conditions for a company car to be treated as a pool car are set out in the employment income legislation:

Making Tax Digital

MTD for income tax reporting

HMRC are currently consulting on the precise details of what needs to be reported each quarter. As expected, it seems the accounting software will need to record and report

Making Tax Digital update

Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022.

MTD for income tax – Quarterly information to be reported by businesses

Making Tax Digital (MTD) for Income Tax will apply to sole traders, property landlords and certain other businesses with gross turnover and/or property income over £10,000 a year and will commence in April 2024.

Covid-19

Working from home: can we still be paid £6 a week?

During the COVID pandemic the government relaxed the conditions to enable those working from home to be paid £6 a week tax free by their employer, or, where that was not paid by the employer, they could claim relief for

Rising inflation: Personal finance tips to manage it

Households need to brace for a prolonged period of high inflation and further interest rate rises. The Governor of the Bank of England, Andrew Bailey, has warned that he will take forceful action to tackle inflation,

The Recovery Loan Scheme for SMEs ending 30th June 2022

The Government’s Recovery Loan Scheme (RLS) launched on the 6th of April 2021 and allows businesses of any size to get up to £10million

Do you need more support with our business resources. Our team of experts provide more than just accountancy and tax advice. Your proactive dedicated accountant manager will really get to know you and your business to understand how we can help.

Why choose A&C Chartered Accountants?

Innovation

Work from anywhere and everywhere with our efficient cloud accounting systems; Xero and Sage Business Cloud. Being at the forefront of the latest technology is our speciality.

Efficiency

Time is the most precious resource we have. A&C will ensure all your accounting needs are met on time, with the highest level of care and accuracy.

Success

Our aim is to give your business the confidence it needs to grow and continue to be successful. We partner with you to ensure this happens.

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