2017 has been a great year for us, very busy! We hope that it has been great for you too. We would like to wish all our clients and contacts a Merry Christmas and a Happy New Year from GBM Accounts. From Nick, Tracy, Tracey and Linda. Office Opening over the festive period: …
We are undergoing some maintenance work over the next month or so, which we would expect to be finished by the middle of March. During this period, we will be trying to provide as normal a service as possible. However, depending up on the extent of the work involved, it may be necessary to close …
2016 has been a great year for us, we hope that it has been great for you too. We would like to wish all our clients and contacts a Merry Christmas and a Happy New Year from GBM Accounts. From Nick, Tracy, Tracey and Linda. Office Opening over the festive period: We are …
If you are a buy to let landlord, you will have been able to claim full tax relief on interest and other borrowing costs. However, this is being restricted to basic rate tax relief. The process starts in April 2017 and is being phased in over three years: 2017/18 – 25% restriction 2018/19 – 50% …
There was very little in the 2016 Autumn Statement which directly affected small business, but one measure caught our eye; HMRC are changing the VAT Flat Rate Scheme. The VAT Flat Rate Scheme is a simplified scheme for accounting for VAT. If you are VAT registered and on the scheme, you forego the ability to …
In the 2015 Budget, HMRC announced the introduction of Making Tax Digital, an initiative to modernise the tax system. At the time, it was heralded at the ‘death of the tax return’. Since then, there has been little news in terms of how this will actually be achieved. However, HMRC have now published a number …
With effect from 30 June 2016, the annual return is being replaced by the Confirmation Statement. If you’re wondering what this means in practical terms, the answer is ‘very little’. The Confirmation Statement will need to be filed annually, which will be in line with the existing date for filing the Annual Return. However, the …
From 6 April 2016, there is a legal requirement for all companies to maintain a register of People with Significant Control (PSC). A PSC is an individual who meets one or more of the following five conditions: Directly or indirectly holds more than 25% of the shares, Directly or indirectly holds more than 25% of …
Following the recent revelations about tax which came out of the leaking of documents by Mossack Fonseca, MP’s from all parties have been keen to publish details of their tax returns. One of the interesting facts was that Jeremy Corbyn filed his 2015 tax return late, in early February 2016 (and on paper too; the …
Phishing emails can usually be spotted by a number of tell-tale attributes; they are addressed to ‘dear customer’ rather than to you by name, they are in poor English, and they involve some ludicrous amount of money and a dubious foreign connection. However, there is a type of email currently doing the rounds that is …