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Preparing for Brexit

04 Dec 2020

With less than a month to go it is time to prepare for the end of the Brexit transitional period.

Homeworking expenses: claiming tax relief

24 Jun 2020

With millions of UK workers having to work from home during the coronavirus (COVID-19) lockdown, many have had to purchase equipment and furniture to ensure they can perform their job successfully. Here, we consider how employees can claim the homeworking allowance, and analyse the temporary tax exemption for home office expenses.

Looking ahead: exiting lockdown

15 May 2020

The government recently outlined its plans for how the UK will exit the coronavirus (COVID-19) lockdown. On 10 May, Prime Minister Boris Johnson announced a relaxing of certain lockdown restrictions, and the government published a 50-page guidance document. Here, we consider the guidance, and contemplate how businesses can prepare their workforces to restart operations once the COVID-19 lockdown ends.

What can we expect from the 2020 Budget?

30 Jan 2020

The Chancellor of the Exchequer, Sajid Javid, will deliver the 2020 Budget on Wednesday 11 March. With this in mind, here we consider some of the measures that may be announced.

Keeping employees' finances in the pink

20 Dec 2019

Financial wellbeing rarely receives the same attention as mental or physical wellbeing, yet it is a vital part of any wellbeing programme. Money is a concern for plenty of people, and many employees will struggle with their finances due to issues such as personal debt, demanding financial commitments or the limited time and ability to save for the future. In the final installment of our three blogs looking at the key aspects of wellbeing, we focus on the financial side of the issue.

Helping employees to stay healthy

12 Nov 2019

We are constantly being reminded of the importance of physical wellbeing, with media messages and government campaigns combining to reinforce the benefits of a healthy lifestyle. Despite these positive messages, around 20 million people in the UK are deemed physically inactive. In the second of our series of three blogs looking at the key aspects of wellbeing, we focus on the physical.

A word on mental health in the workplace

27 Sep 2019

The concept of wellbeing in the workplace is often neglected, yet it is vital to both the health of employees as well as the businesses they work in. Wellbeing is relevant to everyone in a business, whatever their job title and responsibilities.

Beware the scammers posing as HMRC

26 Jul 2019

Hackers and scammers are always looking for plausible online identities to use so they can dupe their victims and posing as HMRC has proved to be one of their most popular ploys in recent years. Here we look at some of the most common scams, as well as how you can protect your own firm and your clients from hackers.


Analysing the Structures and Buildings Allowance legislation

10 Jun 2019

Following the announcement made in the 2018 Autumn Budget, HMRC has now published the draft secondary Structures and Buildings Allowance (SBA) legislation. Here, we take a look at which costs are allowable.

Rising probate fees: are you up-to-date?

4 Mar 2019

From 1 April 2019, probate fees are set to increase significantly. Here, we take a look at the changes, and consider the reaction to the rise.

Stamp Duty Land Tax: recent changes

18 Dec 2018

Foreign investors looking to purchase residential properties in the UK may have to pay an additional 1% stamp duty surcharge, according to a recent announcement by the government. Meanwhile, the Autumn Budget also introduced an extension to first-time buyers relief in England and Northern Ireland. This blog post examines the latest situation in regard to Stamp Duty Land Tax (SDLT).

Deal or no deal: what's next for Brexit?

21 Sep 2018

The UK is scheduled to leave the European Union (EU) at 11pm on Friday 29 March 2019. In the meantime, negotiations continue to take place between the EU and Britain in order to reach an agreement over issues affecting businesses and individuals.

Shining a light on 'dark data'

9 Aug 2018

Data, alongside the rise of the Internet of Things (IoT), is the new industrial revolution that is taking over the marketplace. Millions of us use the internet and technology on a daily basis, meaning that access to data is readily available. However, ensuring that data is relevant and useful is the new challenge.

AI and the accountancy practice

30 June 2018

Artificial intelligence (AI) is revolutionising the way accountancy practices run and the services that they are able to offer.

Brexit vs MTD – HMRC delays aspects of its digital tax initiative

31 May 2018

HMRC recently announced that it will be delaying some aspects of Making Tax Digital (MTD), while it reallocates officers and government departments to help in preparing the UK for Brexit. Here, we take a look at some of the new services that have been put on hold. 

Making Tax Digital: considering the latest position

30 April 2018

Making Tax Digital for VAT (MTD for VAT) is set to take effect from 1 April 2019. The government recently published long-awaited legislation, in which it outlined the requirements for the initiative.

The seven stages associated with the new Budget timetable

29 March 2018

In the 2016 Autumn Statement, Chancellor Philip Hammond announced the introduction of a new Budget timetable. Up until recently, there were two fiscal events in the year, with changes in tax and spending announced at both the Spring Budget and the Autumn Statement.

Are your clients ready for the GDPR?

27 Feb 2018

The new General Data Protection Regulation (GDPR) will come into effect on 25 May 2018, which is only a few months away! A lack of knowledge will not be deemed an acceptable excuse for not having safeguards in place.

Top tips for marketing your firm

23 Jan 2018

Building brand awareness for your firm may help to boost your sales, and potentially your profitability. In this blog piece, we explore some of the ways in which you can effectively market your firm.

Practice Track client satisfaction survey – win a luxury hamper!

8 Jan 2018

We are delighted to announce that the winner of our luxury hamper is R A Clement Associates. Congratulations from the Practice Track team – we hope you enjoy your prize!


All change for Scotland and Wales: examining the latest devolutionary measures

18 Dec 2017

The Scottish government recently outlined a series of changes to its tax policy within its Draft Budget 2018-19. Amongst these amendments were changes to income tax rates and bands, and the creation of a new relief for first-time homebuyers. Here, we analyse the alterations made by the Scottish government, and consider them in the wider context of devolution in the UK.

Outlining the new Criminal Finances Act 2017

27 Nov 2017

The Criminal Finances Act 2017 came into effect on 30 September 2017, making companies and partnerships criminally liable for failing to prevent their employees from facilitating tax evasion. Here, we outline the key points for accountants and financial advisers to consider to ensure that clients’ businesses avoid the facilitation of tax evasion.

What can we expect from the Autumn Budget?

31 Oct 2017

As the Chancellor’s first Autumn Budget edges closer, industry experts have speculated on the measures that could be announced by Mr Hammond. Here, we take a look at some of the key Budget rumours, and outline some of the proposals made by leading business groups in their Autumn Budget wishlists.

Making Tax Digital for VAT: outlining the new regulations

29 Sep 2017

The much-anticipated Making Tax Digital (MTD) for VAT draft legislation was published by the government recently, helping to clarify VAT-related MTD issues and queries.

Exceeding expectations: what do clients want from their accountant?

31 Aug 2017

Understanding the needs and requirements of your clients is crucial. However, accountants should consider offering their customers more than just the basics: going above and beyond to provide a truly unique service will help to cement working relationships with your clients, and demonstrate that you are on hand to offer advice and support whenever it is needed.

Changes to Making Tax Digital timetable afoot

31 Jul 2017

Following months of uncertainty over Making Tax Digital (MTD), many in the accountancy profession will welcome the government’s announcement that the start date for MTD for Businesses (MTDfB) has, perhaps inevitably, been pushed back.

The new General Data Protection Regulation: what do accountants need to know?

30 June 2017

The General Data Protection Regulation (GDPR), which comes into effect on 25 May 2018, will impose new obligations on all organisations that collect, store and process individuals’ personal information.

Cyber security: don’t get caught out

26 May 2017

In light of the recent cyber ransomware attack, practices should ensure that their digital systems are adequately protected against the risk of destructive cyber-attacks and malware.

All change for business: keeping you up-to-date

28 Apr 2017

The UK’s landmark decision to leave the European Union sent something of a shockwave through the country, and with the announcement of a snap general election, the current climate of uncertainty looks set to continue.

The Apprenticeship Levy and changes to apprenticeship funding

31 March 2017

From 6 April 2017, a new charge will apply to some employers – the Apprenticeship Levy. Although many employers will not pay the Levy, there will be significant changes to the taxpayer funding of apprenticeships for all employers. The changes are being introduced as the government wants to encourage the creation of three million apprenticeships in England by 2020.

The devolution revolution is here

21 February 2017

Recent months have seen significant changes to the UK tax landscape, with some measures having already come into effect, and Scottish tax devolution already fairly advanced.

As the devolutionary drive continues to gather pace, the tax system is set for further landmark changes over the coming months and years.

Upwardly mobile: Why mobile-responsive websites are now essential

06 February 2017

In April 2015, search engine giant Google rolled out a landmark change to its search algorithm, meaning that quality, mobile-responsive websites are now placed at a significant advantage over non ‘mobile-friendly’ sites, when people search the internet.

Promoting your practice

23 January 2017

Marketing is a vital part of your business strategy. Your marketing plans should be regularly reviewed to ensure your brand is being represented in the best possible way. Even if you are not currently actively looking for new clients, you can work on marketing strategies focused on improving your reputation, increasing your offering for current clients, relationship building, and making sure your company is being appropriately represented in the digital age.

The new VAT Flat Rate for limited cost traders: don’t let your clients get caught out!

03 January 2017

The announcement of ‘anti-avoidance’ measures for the VAT Flat Rate Scheme (FRS) to tackle abuse could create complexity for some businesses, or for you as their agent.