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Another International Award for Burgis & Bullock
Burgis & bullock Corporate Finance have been awarded another International Award. The publishers of Acquisition International Magazine announced the winners of their 2013 M&A Awards at the start of July. AI’s M&A Awards celebrate excellence and commemorate the achievements and hard-work of all those involved in seeing a deal through to completion. The awards recognise investors,…
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Burgis & Bullock Ranked in Top Three Accounting Alliances Globally
For the second consecutive year, Accountancy Age Magazine, has recognised Burgis & Bullock’s alliance, The TAG Alliances™, as one of the top three accounting alliances in the world. The rankings, which are based on the collective revenues of the member firms, include 21 associations and alliances. In addition to being one of the largest alliances…
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Taxman looking for property deals
In another initiative designed to boost the treasury’s coffers, H M Revenue & Customs (HMRC) have written to approximately 40,000 individuals who they have identified have sold a property in the recent past but has not (in HMRCs opinion) been declared on a self assessment return. The letter states “Our records indicate that you may…
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HMRC launch new task forces
An HMRC taskforce targeting tax dodgers in the road haulage industry in the Midlands has been set up this week. HMRC sets a target level of additional tax for each Task Force to recover and has said that it hopes that this one will recover £3.5 million. HMRC has collected more than £80 million as…
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Internet VAT rules to change
Business that trade online should beware, as the VAT man may have you in his sights! In a recently published report, HMRC comment that businesses trading on the internet will come in for great deal more scrutiny in the months to come. I suspect that only the most troubled insomniac would consider that reading this…
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Taxation of Partnerships and LLPs
Finally HM Revenue & Customs (HMRC) have published their consultation document on the taxation of partnerships and LLPs. For some time it has been rumored that HMRC wanted a ‘root and branch’ review of the existing structures which they felt gave too many advantageous tax breaks for firms (especially those in the legal sector) who…
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Double trouble for partnerships and LLPs
A consultation document has been published by H M Revenue & Customs (HMRC) attacking LLP members whose terms are similar to those of employees and also profit allocation where a partnership has at least one corporate partner. Legislation on suggested changes is intended to be introduced from April 2014. Statute treats members of LLPs, including…
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Wake Up Sleeping Partners!
Following a re-interpretation of the law, HMRC have announced that from 6 April 2013 sleeping partners will be liable to pay National Insurance. A Sleeping Partner is someone who has a capital share in a Partnership, but takes no active role in the running of the business. These arrangements are not untypical in family owned…
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£1billion VAT Assessment!
That will be £1billion please! It’s not unusual for businesses to feel that HMRC’s demands on them are unreasonable. It is unusual however, for HMRC to get it as badly wrong as they did in a recent case. The whole affair has highlighted just how inadequately HMRC scrutinise the demands they send out. Florence Coke,…
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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