It has just been announced that Capital Gains Tax on residential property can now be paid within 60 days rather than the 30 day period for those sold after 27th Oct 2021. If you are in the process of selling or are looking to sell property, you must consider your tax liabilities.

VAT is already a complicated tax to navigate so if you are a business that makes or sells both taxable and exempt (non-taxable) goods or services then VAT can be extremely difficult to calculate. If you need support on VAT, book a consultation with us bit.ly/3vU5dOD

Capital gains tax on UK property can be a tricky tax to navigate which is why our article on the topic remains one of our more popular ones. From calculating gain, payment timelines, and what property sales are subject to it, our article has it all covered bit.ly/2Zt6cpu

We are excited to be attending this year’s London Build. It is one of Europe's largest exhibitions for the building & construction industry. If you are attending, pop over to stand A, we have an incredible competition that you’ll definitely want to enter!

Day 1 of London Build! So far it has been a fantastic event with lots of interesting conversations, discussing the complexities of accounting in the construction industry and the often missed opportunities. If you’re attending, come enter our supercar track day competition!

We are excited to announce our Xero for Lunch series where we will be hosting a number of FREE seminars on cloud accounting. The first will be at Co-Space Stevenage on Tues 7th Dec. If this is of interest to you, please email [email protected] to register.

On Tues 7th Dec we will be hosting our first ‘Xero for Lunch’ seminar at Co-Space Stevenage which will be on 'Bank Reconciliations and Book Keeping’. If you would like some Xero advice and are based in the Stevenage area, please email [email protected] to register.

Our ‘Xero for Lunch’ series kicks off tomorrow at Co-Space Stevenage and we have a couple of spaces remaining. If you are based in the Stevenage area, come and join us for the first event, ‘Bank Reconciliations and Book Keeping'. Email [email protected] to register.

For businesses that pay their staff earlier in December, employers must report the normal payment date on the Full Payment Submission to ensure it doesn't harm employees' Universal Credit eligibility, something that is often overlooked.

HMRC is currently experiencing a backlog of applications to register for self-assessment which means taxpayers are facing a delay in receiving their Unique Taxpayer Reference. If you're in this situation get in contact for support on your options bit.ly/3CYrexG

To our friends, our families, and our clients, we wish you a happy, safe Christmas. We hope you've been able to make the most of this festive season. We hope you have a very merry festive season.

HMRC has announced it will waive late filing and late payment penalties by one month for Self Assessment taxpayers to help with the pressures of COVID. Be aware that interest will be charged on unpaid tax from 31 Jan so it is worth aiming to complete returns by the original date

We have listed 8 things you should know about inheritance tax, including the main residences allowance, exemptions, as well as how you can mitigate the amount of IHT payable so that your loved ones benefit without a hefty price tag attached to it. bit.ly/3ePyDFK

The Scottish government have made available funding to support businesses that have been affected by the Omicron protection measures. If you have been affected we can support your application. To find out more information, visit the government website. bit.ly/3qu8m6y

The thought of moving accountants can be quite overwhelming. In reality, switching couldn’t be easier and could benefit your business in the long term. If it is something you are considering then read our essential guide where we cover how to go about it. bit.ly/3qwhRly

Small businesses and entrepreneurs have access to funding worth up to £5,000 towards approved digital accounting and CRM software. The ‘Help to Grow: Digital’ scheme is the latest programme to support the levelling up agenda by the government.

Despite HMRC providing an extended window for Self Assessment customers to 28th Feb, there are still 1.5 million people yet to file their tax returns. If you are one of those that have not yet filed, feel free to reach out to our team and we can help bit.ly/3CYrexG

If your company is engaged in R&D with the aim of developing new products or processes, you may be able to claim R&D tax credits. We offer a free 30-min consultation to help you determine if your business qualifies for R&D tax relief. bit.ly/3CYrexG

The COVID-19 Additional Relief Fund (CARF) that was set up to provide financial support to businesses will soon close for claim submissions. You should consider an application to your local authority for a CARF award if your business is eligible. Contact us if you need support

We wanted to take a moment to wish all of our clients, partners and followers a very Merry Christmas and a Happy New Year! May your days be filled with joy and good cheer. We hope you have a wonderful time with your loved ones and we look forward to connecting with you in 2023!