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How to Process Payroll Year End in Xero
The end of the Tax Year is rapidly approaching and with an increasing number of businesses using Xero Payroll as an integrated part of their on-line financial management, we thought it would be useful to reproduce the year end guidelines from Xero. So, first things first. Give yourself time. Unless you’re one for doing things…
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Can a company director hide their personal details?
Identity fraud is an increasing worry for everyone but a spate of recent cases has highlighted that criminals are taking data from Companies House and using it to order goods online. In some cases the directors are facing intimidation and violence at home as a result of having their personal details publicly available. According to…
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HMRC IR35 victory – more cases to be brought?
HMRC has won an appeal against a former BBC presenter regarding her contractual arrangements and employment status in the five years she was engaged by the BBC through her personal service company. This is the first victory for HMRC regarding IR35 in nine years and is a boost for them in their ongoing battle in…
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Three Business Awards for Burgis & Bullock
Now that the dust has settled following Christmas and the January Tax Deadline, Burgis & Bullock are delighted to announce that we have been awarded 3 new Business Awards in recognition of the outstanding work that the Team prepare on a daily basis. Finance Monthly: Game Changers Award: Burgis & Bullock are delighted to announce that…
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Big changes to wages payments in lieu of notice!
From April 2018 the tax treatment of wages payment to employees who are leaving is about to change. Currently, contractual wages payments in lieu of notice are subject to tax and National Insurance (NI) deductions, however in the absence of a contractual right to make a payment in lieu of notice, such a payment…
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Intangible assets make up 75% business of deal values
Three quarters of the purchase price in M&A deals is represented by goodwill and intangible assets according to the 2017 Purchase Price Allocation Study from PPAnalyser. The report highlights the importance of identifying and measuring the value of intangible assets to support the rationale of an acquisition. Unsurprisingly, transactions in the services sector have the…
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VAT: Good News for membership organisations
Membership Organisations often offer a package of a variety of benefits to their members in return for a subscription. These benefits can range from a glossy magazine or an emailed newsletter to significant discounts and entry into exhibitions and even a ticket to the annual Gala Ball. And many Membership Organisations apportion their subscriptions between…
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Charities and VAT
At Burgis & Bullock we understand Charities and the Not For Profit sector We audit a number of local (and not so local) charities and NFP organisations and provide specialist advice on accounting, governance, tax and VAT to many more. In 2018 we are going to run a number of interactive breakfast workshops to share our…
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‘Tis the season of goodwill
At this time of year goodwill may conjure up images of mince pies, presents round the Christmas tree, and merry carol singers. However, as we approach the financial year end for many companies the issue of goodwill has a whole different meaning for valuers and auditors. So, what is goodwill? In the past the simple…