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Electronic Property Searches cannot be treated as VAT free disbursements
A recent case at the First Tier Tribunal will be of interest to law firms offering conveyancing services. A firm of solicitors bought on-line local authority property searches through a third party agency. The agency was not charged VAT by the local authorities concerned and they correctly passed the cost to the solicitors as a…
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Another International Award for Burgis & Bullock
Hot on the heels of our awards earlier in the year, Burgis & Bullock have been awarded another international accolade. The 2017 AI Global Excellence Awards were launched to recognise and reward the firms and individuals whose commitment to sustained outstanding performance has seen them leading the way, not only in their own sector or industry, but across the…
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£120 Million Funding for Midland’s Businesses
The British Business Bank has announced the first wave of its £250m Midlands Engine Investment Fund (MEIF), with the launch of £120m of SME debt finance, which is now available to businesses across the 10 Local Enterprise Partnership areas in the Midlands. This funding is part of a wider £250m commitment, with the remaining equity…
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Have you registered your Trust?
Under new legislation that came into force on 26 June 2017, HMRC has launched a new digital register for trusts. The idea is to create a single point of access to register and update trust records. HMRC Trust Registration Service Registration is compulsory for all trusts with UK tax reportable income or gains, including trusts…
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Choosing the right valuer for divorce cases
Selecting the right business valuer for a divorce settlement is critically important. Using a valuer who lacks the appropriate experience and knowledge of legal requirements can undermine the credibility of the valuation and expose the appointing solicitors to criticism. This issue was highlighted in a recent high profile divorce case. A high stakes case The…
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Why we’ve partnered with FUTRLI
Proactive, not reactive Traditionally accountants help with your figures in a historical and reactive way. They would review what happened last month, quarter or year. At Burgis & Bullock, we’re not in business to be traditional. Our number one priority is you, your business and helping you to make the most of the figures. We want you…
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Coventry & Warwickshire Business Festival bagging substantial support
The inaugural Coventry & Warwickshire Business Festival is gaining significant backing from a number of high profile organisations, all keen to be part of this new initiative to drive economic growth and inward investment for the region. The Festival, developed by the Coventry and Warwickshire Local Enterprise Partnership (LEP) and the Coventry & Warwickshire Growth…
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HMRC allow increased historic R&D tax relief claims
HMRC back down on employee expenses for R&D claims Until recently, HMRC did not allow reimbursed employee expenses to be included as part of qualifying staff costs for R&D claims. HMRC has now issued updated guidance regarding this, revising their previously published position, to state that in certain circumstances these costs are allowable. This is…
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GDPR – How new data rules will impact you
The General Data Protection Regulation (GDPR) replaces the Data Protection Act on 25 May 2018. While this may seem a long way off, most organisations need to start preparing now to make sure they’re ready for implementation. Here’s our guide to how accountancy practices can make a start with their GDPR preparations. What is it about?…