In conjunction with the MHA association of UK independent accountancy firms, we are delighted to present our Motor Dealer Report 2017. The report covers the Current Outlook, The Future, including on-line retail, Alternative Fuel Vehicles (AFVs) and the future of car dealerships in general, and the M&A Outlook. Report highlights:…

If you are considering setting up your new entity as a charity, there are some issues that should be considered before making a final decision on the type of entity that is best for your organisation.  Below, we look at the advantages and disadvantages of obtaining charitable status.   Advantages:…

Personal tax changes mean that, currently, HMRC online systems cannot correctly deal with certain levels of income and the result is some tax returns will have to be submitted manually otherwise people could face a higher tax bill. The new rules that have come into force regarding the way in…

Graeme Smith, Insolvency Practitioner, is a member of R3, the Association of Business Recovery Professionals who have issued the results of a survey on the major business sectors’ risks of entering insolvency, in Scotland. “R3 tracks the level of ‘insolvency risk’ in major UK sectors.  Businesses are assigned a score…

Download our Making Tax Digital flyer here There has been much written about the Government's Making Tax Digital proposal. HMRC have published guidance setting out how it is intended to operate, although as yet, nothing has been finalised.  There was a huge response to the HMRC consultation in 2016 and…

The tax regime for interest and dividends changed with effect from 6 April 2016 so the 2016/17 tax year is the first time you will see these changes. Interest Tax will no longer be deducted at source New savings allowance of £1,000 for basic rate tax payers, £500 for higher…

Download the MHA Legal Benchmarking Report 2017 In conjunction with our UK accountancy association, MHA, we are delighted to present a benchmarking review of UK legal practices, looking at results across 2016. The review, undertaken by the MHA Professional Practices Group, indicates that profitability is at its highest level in the last three…

Video Games Tax Relief (VGTR) allows UK game developers to claim back 20% of their production costs. https://www.youtube.com/watch?v=SLkiWN0KX7U Get in touch with a member of our Creative & Interactive Media Sector team to find out how much you can claim back!   Steve Cartwright: steve.cartwright@hlca.co.uk Dougy Agnew: dougy.agnew@hlca.co.uk Alisdair McNaughton:…