Almost 100% of OMBs across the South Coast say rising costs are impacting profitability with inflation still out of control
 

If you were born on or before 25 September 1956 you could receive between £250 and £600 to help you pay your heating bills. This is known as a ‘Winter Fuel Payment’.

If you were born on or before 25 September 1956 you could receive between £250 and £600 to help you pay your heating bills. This is known as a ‘Winter Fuel Payment’.

The current Corporation tax rate of 19% generally applies to all companies whatever their size. From 1 April 2023, this rate will cease to apply and will be replaced by variable rates ranging from 19% to 25%.

The current Corporation tax rate of 19% generally applies to all companies whatever their size. From 1 April 2023, this rate will cease to apply and will be replaced by variable rates ranging from 19% to 25%.

Moore UK’s Owner Managed Business (OMB) survey shows that 50% of OMBs in the South of England, plan to increase their prices to the end customer over the next six months, with 63% stating supply chain issues as the main driver.
 

Rishi Sunak has announced today that there will be more government support provided for businesses most impacted by the rising Coronavirus cases in the UK.
 

The Moore (South) opening and closing dates for the Chichester, Guildford, Isle of Wight (Newport), Salisbury and Southampton offices.

Business gifts are not allowed as a tax deduction against profits. The legislation treats gifts in the same way as business entertaining expenditure, which is also disallowed.

Furlough claims made in September 2021 must be submitted to HMRC by Thursday 14 October 2021. This is the last opportunity to claim from the Coronavirus Job Retention Scheme (CJRS) which ended on 30 September 2021.

From 6 April 2021, important changes to the IR35 rules will begin to apply to medium and large private
sector organisations. IR35 are the rules concerning “off-payroll workers” – i.e. individuals who work for a company via their own ‘personal service company’.

The Coronavirus Job Retention Scheme (CJRS) has now been extended until the end of September 2021.
 
From now until June 2021 the government continue to pay 80% of a furloughed employees wages for hours not worked up to a cap of £2,500.

Today, January 28th is known as Data Privacy Day. Many people are unaware and misinformed about how their personal information is being used, shared or collected, particularly online. Data Privacy Day helps to raise awareness about securing the most critical and sensitive data.

New national lockdown and changes to business support measures

•    Early tax rises would hit business and consumer sentiment
•    Businesses also want assistance targeted at those that need it – more means checking and anti-fraud checks
 

Furlough has successfully targeted lower income areas of the UK according to analysis of take up of the Government's job retention scheme.

Yesterday, the Chancellor, Rishi Sunak announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme.

Yesterday, the Chancellor, Rishi Sunak announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme.

From 9am this morning, small business owners can apply for the Bounce Back Loan Scheme, by filling out a simple online form, with only seven questions.

From 9am this morning, small business owners can apply for the Bounce Back Loan Scheme, by filling out a simple online form, with only seven questions.

HMRC will launch their Coronavirus Job Retention Scheme (CJRS) portal on the week commencing 20th April. HMRC Chief Executive Jim Harra accompanied this announcement with the following details for tax agents: 

HMRC will launch their Coronavirus Job Retention Scheme (CJRS) portal on the week commencing 20th April. HMRC Chief Executive Jim Harra accompanied this announcement with the following details for tax agents: 

It is unlikely that our businesses will be unaffected by the inevitable slow-down in economic activity as the Coronavirus outbreak starts to bite.

It is unlikely that our businesses will be unaffected by the inevitable slow-down in economic activity as the Coronavirus outbreak starts to bite.

In view of the daily changing world resulting from the Coronavirus (COVID-19) pandemic, we would like to wish you well and update you on how we are attempting to minimise disruption to the services we provide.

In view of the daily changing world resulting from the Coronavirus (COVID-19) pandemic, we would like to wish you well and update you on how we are attempting to minimise disruption to the services we provide.

If a company makes loans to its employees (including directors) there may be tax consequences. The same may also apply to loans extended to their family members.

Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.
 

Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.
 

Despite having secure alpha numeric passwords for their servers, hackers managed to gain access overnight to a clients servers. No data was stolen, instead the hackers installed ‘ransomwear’ onto the servers (this encrypts all the data contained on them).

Despite having secure alpha numeric passwords for their servers, hackers managed to gain access overnight to a clients servers. No data was stolen, instead the hackers installed ‘ransomwear’ onto the servers (this encrypts all the data contained on them).

Whether you pay income tax or National Insurance, the effect on your cash flow is the same.

Whether you pay income tax or National Insurance, the effect on your cash flow is the same.

The following definitions should help to clarify employee and employer rights and responsibilities regarding entitlement to holiday pay.

The following definitions should help to clarify employee and employer rights and responsibilities regarding entitlement to holiday pay.

If you are self-employed, and obliged to submit a self-assessment tax return, you must keep your tax records for at least five years after the 31 January submission deadline of the relevant tax year.

If you are self-employed, and obliged to submit a self-assessment tax return, you must keep your tax records for at least five years after the 31 January submission deadline of the relevant tax year.

Moore Chartered Accountants and Business Advisers would be delighted if you could accompany us at an evening event, in collaboration with Barclays at the Harbour Hotel in Southampton on Wednesday 25th April, 4pm - 7pm. 


 

Moore Chartered Accountants and Business Advisers would be delighted if you could accompany us at an evening event, in collaboration with Barclays at the Harbour Hotel in Southampton on Wednesday 25th April, 4pm - 7pm. 


 

1 April 2018 - Due date for corporation tax due for the year ended 30 June 2017.

1 April 2018 - Due date for corporation tax due for the year ended 30 June 2017.

94% of OMBs say that the Government is ignoring their concerns on Brexit, shows new research from our 5th annual Owner Managed Business report, entitled "Powered by people and technology in 2018: the owner managed business view". Of the 653 owner managed businesses surveyed, only 41 say that they think the Government is listening to their views on Brexit.

94% of OMBs say that the Government is ignoring their concerns on Brexit, shows new research from our 5th annual Owner Managed Business report, entitled "Powered by people and technology in 2018: the owner managed business view". Of the 653 owner managed businesses surveyed, only 41 say that they think the Government is listening to their views on Brexit.

1 March 2018 - Due date for corporation tax due for the year ended 31 May 2017.
 

1 March 2018 - Due date for corporation tax due for the year ended 31 May 2017.
 

In the past, the directors of larger organisations have been able to avoid personal responsibility for the tax evasion acts of their employees and other associates if they can plead ignorance of the act.

In the past, the directors of larger organisations have been able to avoid personal responsibility for the tax evasion acts of their employees and other associates if they can plead ignorance of the act.

December is a very busy time in the tax calendar, with critical filing dates.

Please check below for dates that may be relevant to your business throughout the year.


 

December is a very busy time in the tax calendar, with critical filing dates.

Please check below for dates that may be relevant to your business throughout the year.


 

There is continuing speculation in the financial press about the likely changes that Philip Hammond will introduce in his budget announcements on 22nd November 2017.

There is continuing speculation in the financial press about the likely changes that Philip Hammond will introduce in his budget announcements on 22nd November 2017.

Last weeks' Bank of England’s interest rate rise will cost households an extra £1.8bn* in interest payments in the first year alone.

Last weeks' Bank of England’s interest rate rise will cost households an extra £1.8bn* in interest payments in the first year alone.

If you find it difficult to manage quarterly payments to HMRC to settle your VAT, why not consider the VAT Annual Accounting Scheme (AAS).

If you find it difficult to manage quarterly payments to HMRC to settle your VAT, why not consider the VAT Annual Accounting Scheme (AAS).

The UK public sector spends around £200bn per year, on the procurement of both goods and services from third parties, but it is believed that not enough of this is with the owner managed businesses (OMB's).

The UK public sector spends around £200bn per year, on the procurement of both goods and services from third parties, but it is believed that not enough of this is with the owner managed businesses (OMB's).

Personal data is defined as ‘any information relating to a person who can be identified directly or indirectly ‘.  Personal data has been a topic of discussion over the last few years and no matter what industry you work in; you will almost certainly have come across how data is fiercely changing the face of the world, at a rapid rate!
 

Personal data is defined as ‘any information relating to a person who can be identified directly or indirectly ‘.  Personal data has been a topic of discussion over the last few years and no matter what industry you work in; you will almost certainly have come across how data is fiercely changing the face of the world, at a rapid rate!
 

Public speaking isn’t easy but is a necessary skill for many in the business world. Whether it is a boardroom presentation or an update to shareholders/staff members, most managers will be required to present at some point. Here is a presentation strategy to help you to up your game. 

Public speaking isn’t easy but is a necessary skill for many in the business world. Whether it is a boardroom presentation or an update to shareholders/staff members, most managers will be required to present at some point. Here is a presentation strategy to help you to up your game. 

Following on from the previous article, we thought readers might be interested in the consequences if they fail to pay their Self Assessment tax on time.
 

Following on from the previous article, we thought readers might be interested in the consequences if they fail to pay their Self Assessment tax on time.
 

June is a very busy times in the tax calendar, with critical filing dates.
 

June is a very busy times in the tax calendar, with critical filing dates.
 

April 2017 sees changes to the VAT flat rate scheme, which may have a detrimental impact on certain small businesses.

April 2017 sees changes to the VAT flat rate scheme, which may have a detrimental impact on certain small businesses.

May is a very busy time in the tax calendar, with critical filing dates.

May is a very busy time in the tax calendar, with critical filing dates.

The new corporate tax rates are now upon us and the Government is committed to continue to have the lowest corporate tax rate of the G20 major trading nations. As already announced the corporation tax rate reduces to 19% from1 April 2017 and then to 17% from 1 April 2020.

The new corporate tax rates are now upon us and the Government is committed to continue to have the lowest corporate tax rate of the G20 major trading nations. As already announced the corporation tax rate reduces to 19% from1 April 2017 and then to 17% from 1 April 2020.

Making Tax Digital (MTD) for business?

Q. Who will benefit from the deferral on MTD?

A. If you are under the current VAT threshold of £83,000 the deferral until April 2019 will give sole traders, small unincoroprated businesses and landlords, a further year to prepare.

Making Tax Digital (MTD) for business?

Q. Who will benefit from the deferral on MTD?

A. If you are under the current VAT threshold of £83,000 the deferral until April 2019 will give sole traders, small unincoroprated businesses and landlords, a further year to prepare.

The current annual pension limit remains at £40,000. In addition, unused relief from the previous three tax years may be utilised once the current £40,000 limit has been used. However, the relief from 2013/14 will lapse on 6 April 2017.

The current annual pension limit remains at £40,000. In addition, unused relief from the previous three tax years may be utilised once the current £40,000 limit has been used. However, the relief from 2013/14 will lapse on 6 April 2017.

Entrepreneurs' Relief reduces the rate of CGT to 10% on the first £10 million of gains on the disposal of qualifying business assets.

Entrepreneurs' Relief reduces the rate of CGT to 10% on the first £10 million of gains on the disposal of qualifying business assets.

​This is also an appropriate time of the year to consider your CGT position if you have already disposed of (or are considering a disposal) of an asset subject to CGT during 2016-17. 

​This is also an appropriate time of the year to consider your CGT position if you have already disposed of (or are considering a disposal) of an asset subject to CGT during 2016-17. 

The start of a new year is a fresh thought. It is exciting to think of the new possibilities you may come across, the new faces that you meet at networking events, may eventually become close business connections and the idea of it being a completely new year sparks the opportunity to set new goals. Most of us have one resolution that we put together on 31^st December and it is usually centred on something that we have been putting off for a long period of time: “This year will be the year that I finally get around to....”

The start of a new year is a fresh thought. It is exciting to think of the new possibilities you may come across, the new faces that you meet at networking events, may eventually become close business connections and the idea of it being a completely new year sparks the opportunity to set new goals. Most of us have one resolution that we put together on 31^st December and it is usually centred on something that we have been putting off for a long period of time: “This year will be the year that I finally get around to....”

​December is a very busy time in the tax calendar, with critical filing dates.

​December is a very busy time in the tax calendar, with critical filing dates.

The length of time you need to keep tax records depends on the types of income you earn and the types of tax you are paying. A list of time limits is set out below:

The length of time you need to keep tax records depends on the types of income you earn and the types of tax you are paying. A list of time limits is set out below:

FIVE members of the Isle of Wight Moore office are celebrating recent exam success, as they get even closer to achieving their AAT and ACA qualifications.

FIVE members of the Isle of Wight Moore office are celebrating recent exam success, as they get even closer to achieving their AAT and ACA qualifications.

On the 23^rd October, 7 members of the Moore (South) LLP team, slipped on their running shoes to take part in the gruelling Great South Run, a 10 mile road race that welcomes beginner runners, to famous athletes.  

On the 23^rd October, 7 members of the Moore (South) LLP team, slipped on their running shoes to take part in the gruelling Great South Run, a 10 mile road race that welcomes beginner runners, to famous athletes.  

Generally speaking, any business expenditure that you make up to seven years before you actually start trading, is treated for tax purposes as if it was incurred on the first day of trading.

Generally speaking, any business expenditure that you make up to seven years before you actually start trading, is treated for tax purposes as if it was incurred on the first day of trading.

It may only be mid-September, but for some, Christmas is already looming on the horizon. Brands will be gearing up for their big seasonal marketing push. Parents will become increasingly reminded of the things their children absolutely ‘need’ this year.

It may only be mid-September, but for some, Christmas is already looming on the horizon. Brands will be gearing up for their big seasonal marketing push. Parents will become increasingly reminded of the things their children absolutely ‘need’ this year.

One of the main reasons that individuals voted "leave" was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular tax law, without interference from Brussels.

One of the main reasons that individuals voted "leave" was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular tax law, without interference from Brussels.

The VAT Flat Rate Scheme is intended to simplify VAT accounting and reporting for small businesses, and some may even find that they pay less VAT than using normal VAT accounting.

The VAT Flat Rate Scheme is intended to simplify VAT accounting and reporting for small businesses, and some may even find that they pay less VAT than using normal VAT accounting.

The “phishing” emails sent by nefarious individuals, purporting to be from HMRC, have now been joined by bogus phone calls.
 

The “phishing” emails sent by nefarious individuals, purporting to be from HMRC, have now been joined by bogus phone calls.
 

In the context of this article tax credit does not refer to the child or working tax credits – these are part of the benefits system. Tax credits in this article refer to a deduction made from your overall tax liabilities, usually at a fixed percentage rate of the relevant income.
 

In the context of this article tax credit does not refer to the child or working tax credits – these are part of the benefits system. Tax credits in this article refer to a deduction made from your overall tax liabilities, usually at a fixed percentage rate of the relevant income.
 

ATED is an annual tax charge, mainly by companies, that own UK residential property valued at £500,000 or above.

ATED is an annual tax charge, mainly by companies, that own UK residential property valued at £500,000 or above.