Reporting Capital Gains on UK Residential Property

Reporting Capital Gains on UK Residential Property

There are changes coming into force from 6 April 2020 on the reporting of disposals of UK residential property to HMRC. Capital gains will have to be reported using HMRC’s online, real-time service within 30 days of completion of the sale. An estimate of the tax due...

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Capital allowances on an office fit out

Capital allowances on an office fit out

Great news! That shiny new office fit out as well as looking amazing can also save you some tax! Most people are aware that they get tax deductions for what is deemed a ‘repair’ and goes through their profit and loss account. But what about the extensive investment in...

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What Does HMRC Know About You?

What Does HMRC Know About You?

In today’s connected world, it is all too easy to retrieve information about our lives. Did you know that HMRC can check and compare information about you, which includes what you are posting on social media? If it looks like you are living a lavish lifestyle that...

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Business Entertaining – VAT & Corporation Tax

Business Entertaining – VAT & Corporation Tax

Over the festive period, most businesses will have enjoyed some time out with their employees at Christmas parties. Often, such events can also involve entertaining customers and suppliers. However, there can be some confusion when it comes to claiming VAT and...

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2019 – The Year in Review

2019 – The Year in Review

And in the blink of an eye, another year has gone and somehow, we’re in 2020! 20 years since we ushered in the start of a new Millennium and 16 years since Charnwood Accountants was launched. 2019 was a busy year for us all at Charnwood Accountants and so we thought...

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VAT Changes to PCP Contracts for leasing

VAT Changes to PCP Contracts for leasing

In summary, the correct treatment of Personal Contract Purchases (PCP) and similar contracts depends upon the level of the final optional payment. If, at the start of the contract, it is set at a level where that final payment would be greater than the market value,...

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ADMIN TIME STUDY

ADMIN TIME STUDY

So why would we want to do a time study for the Admin/support team, after all they are a non-chargeable resource? Well, there are various reasons for doing this.   The main reason is that admin carries such varied roles and is often unpredictable day to...

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Debt Recovery and Cash Flow Management

Debt Recovery and Cash Flow Management

As well as winning new business, cash flow should be the top priority for solicitors. Effective cash flow management is the foundation of any successful practice. As they say, “cash is king” and never has this been more relevant than in today’s volatile economic...

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Marginal Gains – Make The Difference

Marginal Gains – Make The Difference

An idea brought to prominence by Sir David Brailsford, Team Sky and British Cycling. This attention to small details can have a significant impact on all aspects of sport, business and life generally.  Here are a few ideas, from our experience, that can help you...

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A Day in the Life of the Admin Team

What is Admin? Well that is a very good question, it is a variety of things – some expected, some unexpected – but administration is a key function of all businesses. With all the best will in the world your day is often not as you expect it to be when you first...

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