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Residential property sellers face more tax changes


Changes to the capital gains tax regime on the disposal of residential property could increase your tax liability and reduce the time you have available to pay it. Sales of residential property that complete on…

What you need to do now the Making Tax Digital rules are in place


The new MTD for VAT rules are now in place for those people who are compulsorily VAT registered (those exceeding £85000 turnover). These businesses need to sign up to HMRC government gateway MTD portal and…

Making tax digital (MTD) for barristers


The first stage of the Government’s Making Tax Digital (MTD) campaign came into force on 1 April 2019 with the introduction of MTD for VAT. This will affect how barristers make their tax submissions to…

What employers need to know for the new tax year


There are a number of key tax changes and employer obligations to keep in mind now we have moved into the new tax year. Here we highlight some of the important points you should know,…

WMT leads accountancy profession regional development team


WMT’s Andrew Williamson, has been appointed President of the Beds, Bucks and Herts (BBH) district society for ICAEW* Chartered Accountants. As leaders in accountancy, finance and business, ICAEW Chartered Accountants work with organisations to look…

Capital allowances for hospitality businesses


Is your hospitality business missing out on valuable Capital Allowance reliefs? It is estimated that half of all hotel, pub and restaurant businesses in the UK are missing out on thousands of pounds worth of…

Tax rates and allowances 2019/20


Keep an eye on current tax rates and available reliefs with our handy tax card. To view our 2019/20 tax card please follow the below link: Tax rates 2019/20

Vendor initiated management buy out (VIMBO) – do it your way


When looking to sell your business, there are a number of routes you can take. A Management Buy Out (MBO), Management Buy In (MBI) or and Employee Buy Out (EBO) are all feasible options. But…

The future of tipping – a need for clarity


The overriding opinion of restaurant customers in a recent survey was that of confusion and a lack of confidence when it came to leaving tips and paying service charges. 80% of restaurant customer would rather…