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Businesses urged to protect themselves from Cyber Crime
In response to a recent business survey on cyber-crime the Office of Warwickshire Police and Crime Commissioner has created a DVD on cyber crime for SMEs along with West Mercia PCC and the West Midlands Regional Organised Crime Unit. It can be accessed here. Overall, the survey calculates that losses suffered by victims in Warwickshire could total £2.5 million each…
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HMRC’s collect additional £3.5 billion through focusing on SME VAT underpayment
HMRC has raised £3.5bn in the last year through investigations into the under-payment of VAT by small businesses, suggesting that these businesses are coming under increasing scrutiny Increased VAT revenue accounted for almost half (45%) of the additional tax yield in 2014/15 from investigations by the local compliance teams used by HMRC to monitor small…
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International Tax Award for Burgis & Bullock
We are delighted to announce that our personal tax team have won the tax award for Best Private Client Tax Team – Midlands, in the The Acquisition International 2016 Tax Awards. The Acquisition International 2016 Tax Awards are designed to commend those in the tax sector dedicated to providing exceptional service throughout the industry. These prestigious global…
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Reduction in the Pension Annual Allowance for Individuals earning more than £150,000 a year
In the last Budget Chancellor George Osborne announced the reduction in the Annual Allowance for those with ‘adjusted’ taxable incomes of over £150,000. This definition of income adds back any pension contributions made by an employer. The current Annual Allowance is £40,000 for 2015/16. From 6 April 2016, individuals who have taxable income of more…
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Is Higher Rate Pension Tax Relief about to be axed?
There is fervent speculation amongst the financial press that the Chancellor will cut the rate of tax relief for higher and additional rate taxpayers from 16 March 2016. The cuts may be phased in over a period of time or could take immediate effect from 16 March 2016. Some of the rumours include : Removing…
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Contractors’ Tax Rules criticised
In a recent report the Office of Tax Simplification (OTS) published a tax complexity index which revealed that the contractor legislation (IR35) is the joint fourth most complex and expensive tax for small firms to administer. In addition, IR35 was scored top both in relation to its cost to the taxpayer and to H M…
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Warwickshire CONNECT to bridge skills gaps
A new initiative from Warwickshire County Council has been created to improve cooperation between educators and employers and it is hoped further enhance the employment prospects of local students. Burgis & Bullock have always been committed to providing employment and ongoing training to local young people and were one of the first local companies to…
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What VAT can I claim on Christmas parties and gifts?
Many businesses will have held Christmas parties and lunches for their staff and clients in the weeks leading up to Christmas. Some businesses will have given gifts. They will now want to know whether they can recover the VAT that they incurred on this expenditure. The following information is meant to act as a…
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What excuse can I use for a late Tax return?
There are may legitimate reasons why you may struggle to submit your tax return before the 31 January deadline, but don’t expect much sympathy from HMRC who have recently published a list of the ‘Top 10 oddest excuses’ for sending in a tax return late and incurring the £100 late filing penalty. Perhaps the most…
Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can …
August 14, 2026
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