Spring Budget 2017

ISA Allowance Rises While Dividend Allowance Falls The Chancellor, Philip Hammond, delivered his Spring Budget today. The Budget had a strong emphasis on the economic forecast, announcing and confirming measures to ease business rates, raise productivity in the UK and reduce Corporation Tax. Key Points from the Spring Budget 2017 Economic Growth Despite Brexit fears,… Read more »

Get The Advice You Need

As a client of our accountancy practice you receive access to our Commercial Legal team Get the Advice You Need Croner Taxwise can provide you with the HR advice that you need, when you need it, through complimentary access to their Employment Law advice lines. Our Employment Law team is the largest in the UK… Read more »

Tax Question of the Week

Question My client has fallen out with his employer and as well as receiving compensation for loss of his office he is negotiating a lump sum payment in return for giving various undertakings to the employer. What are the tax implications of this payment?   Answer The tax treatment will depend upon the precise nature… Read more »

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Full with up to date useful information. From basis calculators to assist you on a daily basis to up to date financial news and access to many ways to record your financial records. The app can be downloaded from either the Apple apps or Google play for all the android users. Just search JAS Campbell.

Tax Question of the Week

Question   I have been told I can sell part of my garden for development free of tax. Is this correct?   Answer   This concerns the “principal private residence” (PPR) relief from capital gains tax. The relief is given against gains arising on a disposal of a dwelling-house or part of a dwelling house… Read more »

VAT Question of the week

Question I have recently accepted a new client, a husband and wife partnership, which was set up to acquire a dry cleaning shop as a going concern and at the same time to buy the goodwill and customer list of a clothing alteration business.   In the 12 months prior to the transfer the turnover… Read more »

Tax Question of the Week

Question I note that the higher rate of stamp duty land tax on the purchase of additional dwellings only applies to the acquisition of a major interest. Does this mean the higher rate does not apply if I buy only a 49% share in a property? How is the tax charged if I arrange to… Read more »

Deliberate Penalties HMRC’s Approach

  The Daily Telegraph published an article detailing a freedom of information request which resulted in the disclosure that 8000 more people received a penalty for deliberate failures relating to their tax return. We are unfortunately unsurprised by the Daily Telegraph’s statistic since HMRC have been demonstrating a strong attitude to this issue over the last… Read more »

Employment Question of the Week

Question I have many clients that run pubs and restaurants and use zero hour contracts and I often encourage them to issue them. However, one of my clients didn’t give a member of staff any work this week and she has complained stating that because she has been working over twenty hours every week for over… Read more »

VAT Question of the Week

Question   My client is an IT consultant and uses the flat rate scheme.  He intends to buy a new computer and printer and the total cost is more than £2000. I have suggested that he buys the computer and printer from the same supplier at the same time so that the purchase qualifies as… Read more »