HB&O Blog

Tax Efficient Succession Planning

It’s important to note that succession planning is not just for large corporates. Sole traders, micro limited companies and larger organisations all need to plan how to sell or close their business and seek professional input to minimise tax liability.

25 Apr 19

Temporary increase in the Annual Investment Allowance and the timing of capital expenditure

The Annual Investment Allowance (AIA) allows a business to claim tax relief on qualifying plant and machinery.

17 Apr 19

VAT road fuel scale charges to increase with effect from 1 May 2019

The VAT inclusive consideration for the VAT road fuel scale charges are increasing with effect from 1 May 2019.

12 Apr 19

Innovation, collaboration and the role of your trusted accountant

Businesses do not stand still and in an ever faster developing world, continued investment in technologies, systems, processes and products is vital for all SME businesses to not only grow, but to survive.

04 Apr 19

Making an HMRC Business Tax Account

Every business should have access to an HMRC Business Tax Account whether the business operates as a sole trader, partnership or a limited company.

19 Mar 19

Off Payroll Working in the Private Sector – what contractors need to know

Changes are being introduced to off payroll working in the private sector.

18 Mar 19

HMRC issues new ‘No Deal Brexit’ guidance

The deadline for the UK’s exit from the EU is less than a month away. With a deal yet to be agreed, HMRC has issued new guidance which businesses trading with the EU need to be aware of.

11 Mar 19

Why digital records can work for you.

The clock is ticking - Making Tax Digital (MTD) starts from April 2019. Initially, VAT-registered businesses will have to submit digital VAT returns using MTD-compliant software.

19 Feb 19

The launch of Making Tax Digital is only a few months away – but are you eligible to delay your start date?

There are certain circumstances that mean you or your business may be entitled to an extension on your start date or, in some situations, be wholly exempt from the scheme.

28 Jan 19

All non-refunded deposits to fall within scope of VAT from March

From 1st March 2019, HMRC is changing the way VAT is accounted for when deposits are paid but the supply is not fulfilled.

09 Jan 19