A spring statement with few announcements – Chancellor Philip Hammond has delivered his Spring Statement 2018, and on his promise to move away from two major fiscal announcements every year.
Spring Statement 2018
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Caseron Insider – April 2018
One million firms comply with auto-enrolment
Food & Drink firms bring in record £22bn in exports
Taxpayers reclaim £493m from HMRC
One in 15 face fines after missing tax return deadline
Employee Benefits – What are the tax implications?
What to expect when providing staff with perks. Most employers choose to recognise the ongoing commitment made by their members of staff by providing various benefits and rewards. Whether that’s in the form of the Christmas party or it extends to benefits such as a...
Cash basis for landlords
The default basis for landlords’ accounts. Traders have been able to prepare their accounts using the cash basis since April 2013, as long as they meet certain eligibility conditions. This option was extended to landlords running unincorporated property businesses...
Caseron Insider – March 2018
One million firms comply with auto-enrolment
Food & Drink firms bring in record £22bn in exports
Taxpayers reclaim £493m from HMRC
One in 15 face fines after missing tax return deadline
How to deal with late invoices
It happens more often than it should! You get to the end of your month, quarter or year. Close it off and think you are done -and suddenly up pops a late invoice you have forgotten about. Your supplier forgot to bill you or you found the invoice or receipt in a pile...
Devolution of tax powers within the UK
What tax powers are moving away from Westminster? It may feel like we’re living in increasingly uncertain times ever since the UK voted to leave the EU. That centred on most of the electorate’s desire to obtain more devolved powers from Brussels, but in reality,...
New UK GAAP: FRS 102 and FRS 105 Changes In Accounting Treatment
In our earlier post, we looked at the changes that FRS 105 and FRS 102 will have on our end of year reporting formats. See: New UK GAAP: FRS 102 and FRS 105 Reporting Changes In this article, we will look at the differences in accounting treatment between the old...
Termination payments
New rules are coming into force on 6 April 2018. The tax treatment of termination payments can be complex, not least because a termination package typically comprises several different elements, which may be treated differently for tax and national insurance purposes....
New UK GAAP: FRS 102 and FRS 105 Reporting Changes
The rules and accounting standards under which limited company accounts are prepared have changed. This article looks at what this means to you and how it could affect your end of year reporting. Before we dive into the detail, let us take a moment to remind ourselves...