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Should you complete a Tax return?
It’s a question we’re often asked as Accountants “Do I need to complete a self-assessment tax return?” Usually the answer is a simple “Yes” or “No” but a recent change in legislation coupled with an apparent change of heart of H M Revenue and Customs has introduced a third answer. “Maybe.” The element of doubt…
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Charities Update
A couple of recent changes have come to our attention that we felt deserved highlighting for anyone working with, or on behalf of charities: 1. From 1st October, charities have to submit gift aid repayment claims using the Charities Online Service as Form R68i will become redundant. HMRC say it will reduce repayment times from an…
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Tax, Lies and Videotape
On Monday 16 September Panorama showed another programme about tax avoidance. This time the focus was on tax advisors who HMRC believe continue to cross the line on acceptable tax planning ideas for their clients. Tax has never been so high profile with the media as it is now. In addition to media and public…
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Are you missing out on Tax Relief?
HMRC have stated that they believe many more businesses could be claiming research and development tax relief. In the last year the tax authorities have issued guidance which confirms that relief may be available in wider circumstances than previously understood and also removed some previous restrictions to making claims. Now is the time to review…
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Changes to Inheritance Tax & Loans
Generally speaking, debts of a person’s estate are deductible for Inheritance Tax (IHT) purposes – though there are some circumstances where specific debts cannot be deducted such as where the deceased had previously made a gift to the person who made the loan. Following this year’s Finance Act, which became law on 17 July, there…
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Catch-Up with HMRC
If you have been sent a tax return for any tax year up to 5 April 2012, and it has not been submitted, you may want to consider taking part in HMRC’s latest campaign. In essence, HMRC are offering to look kindly on any penalties chargeable, as a result of late filing or late…
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There’s no substitute for financial advice
A recent article in the Mail on Sunday by Jeff Prestridge extolled the virtues of obtaining independent financial advice. Demand for advice is likely to increase as retirement plans become more complex, fuelled by the changes to State Pensions, the increases to retirement ages and diminishing contributions by big employers. Added to this people want…
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Furnished holiday property attack
Last year a case was heard before the First-tier Tribunal that found a Furnished Holiday Let (FHL) property should not be considered an investment for Business Property Relief (BPR) purposes. This was an important decision for owners of FHL businesses as it confirmed the availability of BPR for Inheritance Tax purposes. If the property in…
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3rd International Award for Burgis & Bullock
Hot on the heels of the Acquisition International Magazine announcing Burgis & Bullock Corporate Finance as one of the winners of their 2013 M&A Awards , we have also been awarded “Regional Corporate Finance Advisor of the year” in the ACQ Global Awards 2013. This is the second year in succession that ACQ have recognised Burgis &…
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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