Watson Knipe Blog

As you know the HMRC initiative for Making Tax Digital is underway and we at Adcock Accounting are keeping up to date with any news we can share with you. 

Houses in Multiple Housing (HMOs) are rental properties where a number of people live together but are not related. For example:

When you run a business, you need to know more about your tax obligations. Most people think about their end of year tax return and don’t always understand the other taxes that they may be liable for.

An Energy Performance Certificate (EPC) tells you how energy efficient a building is. The rating is from A to G, A being the most efficient. By knowing the EPC of a building, you will know how much it will cost to heat and light a building as well as what the likely carbon emissions will be.

We have written many blogs explaining the benefits of being a sole trader and the benefits of being a limited company. The business structure you choose depends on your own personal circumstances and your business goals.

In our last blog – Have you got an exit strategy? – We gave details of the options you may consider when selling your business. Regardless of which way is the best for your business, here are some tasks that you should undertake to make sure that your business is ready for you to exit.

When you start your business all your energy goes into product or service development, marketing and making sales you certainly don't think about your exit strategy.

Our final blog in this series is about FreeAgent Accounting Software. For businesses that are looking for an online solution to manage their finances.

We continue with our series of blogs about different accounting software that is available to small businesses. We do not have a specific bias to any one type of software.

As outlined in our blog - The benefits of using accounting software we explained that HMRC is working towards Making Tax Digital for businesses. To prepare for this change, it’s worth considering using accounting software.

As you may know, HMRC is phasing in its landmark Making Tax Digital (MTD) regime, this will ultimately require taxpayers to move to a fully digital tax system.

Being a limited company can provide very profitable benefits when considered over becoming a sole trader. One of the main advantages of running your business as a limited company is, in some cases, it can help reduce costs.

Being a sole trader, also known as being the sole proprietor, remains one of the most popular types of UK business structures for many reasons. Especially if you are going into business on your own for the first time, it can hold a lot of advantages.

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system.

As an employer, it’s important to keep track of the National Minimum Wage and National Living Wage if you have staff that are being paid at this level.

A summary of the Spring Statement 2018 is now available on our website, you can click on the link to download this to read. 

If you are a landlord and own any properties in the Nottingham City boundary, then you need to be ready for the new Selective Licensing Scheme which is being introduced by Nottingham City Council.

If you are a working parent with children under 9 you should have a read of this blog. Some of you may have already started to claim Tax-Free Childcare for your younger children.

In 2017 the Government sought views on how employers currently deal with employee expenses, current tax rules on employee expenses and the future of employee expenses. As a result of this survey, a number of changes were announced in the Autumn Budget 2017.

Here is a quick explanation of what Stamp Duty Land Tax is and the changes that were introduced in November 2017.  You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland.