Contract consideration
As you will know, for some time it has been the case that if you are doing work for somebody through your Limited Company, and the terms and conditions of the work are such that it would be equivalent to employment, H M Revenue and Customs will not allow you to pay...
Capital gains on residential properties
At present, capital gains tax is payable on 31 January following the end of the tax year in which the gain takes place. This rule is about to change for residential properties. As from 6 April 2020, if you are selling a residential property on which capital...
Charities we support
J Richard Hildebrand & Co Accountants are sponsoring the charities The Royal British Legion and Movember. The Royal British Legion provides care and support to ex-service personnel and their families. Movember focuses on men’s health and in...
Tax and the current political situation
As I write these words, I have just heard that we are going to have a General Election on 12th December 2019. I was listening to the Today Programme on Radio 4 in which someone from the CBI, and a business owner, were being interviewed as to the business climate...
A story for Halloween
You would not normally expect an Accountant’s website to contain a ghost story. What follows below happened over 20 years ago when I was working with Rick Hildebrand. At the time, we had a client who I will call Mr Kaminsky, which was not his real name. He was...
Short-term tenancies
Not so long ago, one of my clients was trying to buy a flat and the sale fell through. She then had to find temporary accommodation to rent for a few months whilst looking for somewhere else to buy. She went to a Lettings Agency who passed on to a third...
Minimum pension contributions increase
From 5 April 2019, the minimum pension contributions will increase from 5% to 8%. So far as we are aware, this will be the last increase in minimum pension contribution for the foreseeable future. The employer minimum contribution from 6 April 2019 will...
QuickBooks training
All you wanted to know about online software but were afraid to ask. We are here to successfully help you through your growth so you can have a sunny future. We are always looking for ways to help you all to be able to run your businesses without fear of accounting...
Overseas Tax
I am taking a quick break from my series of postings on cars and companies for a word on overseas tax. We have a number of French speaking clients. I have taken calls from a few of them recently expressing concern at the current arrangements for sharing...
Cars and Companies (Part 1)
I get a lot of questions about the tax and accounting treatment of your car if you operating a Limited Company. Although in theory it ought to be simple, in practice there are probably more complications for this area of tax and accounting than anything else...
The fallout from Carillion
There has been quite a bit of comment and speculation over the role of the Auditors in the collapse of Carillion and indeed another recent corporate failures. What follows below are my views. The “Big Four”, and other Accountancy firms that aspire to be...
Software training
The Banks have started offering free online software to their customers. For example, Nat West (owned by The Royal Bank of Scotland) is offering its new customers Free Agent software for no cost. At the same time, the Banks are drastically cutting down on...