Archives: Blog

Enhance your audit with data analytics

In the world of big data and greater connectivity, audit as we knew it is changing quickly, is your auditor changing with the times too?

Overseas Income – HMRC’s new Requirement to Correct (RTC) rules are coming!

Over the past few years, HMRC has offered beneficial terms to encourage people to declare their offshore income, and we currently have the Worldwide Disclosure Facility, which many people have successfully used to bring their tax affairs up to date. This will all change with the new RTC legislation, which brings with it very large… Read more »

Will you be ready for Making Tax Digital?

Seminars We are hosting a series of MTD seminars to help you with the process. See below, if you are interested in attending please email lucy.ellis@bhp.co.uk Leeds – 10 October 2018 – BHP, Chartered Accountants, First Floor, Mayesbrook House, Lawnswood Business Park, Redvers Close Leeds LS16 6QY Cleckheaton – 12 October 2018 – BHP, Chartered Accountants,… Read more »

Worldwide Disclosure Facility: everything you need to know

The Worldwide Disclosure Facility (WDF) has been operational since 5th September 2016 and will end on 30th September 2018. The WDF allows companies and individuals to disclose a liability for UK tax related to an offshore investment, or financial accounts, such as income from sources outside of the UK, assets held or situated abroad, and… Read more »

Rent a room relief

A change to the rules for rent a room relief has been announced in the draft finance bill, perhaps targeting property letting via Airbnb and similar platforms?

Do you know your Y from your Z?

Generation Y — millennials — have been a primary topic of business conversation over the past few years. However, an increasing amount of research is now being undertaken on the new ‘Generation Z’.

Think you don’t do R&D? Think again!

Research & Development (R&D) tax relief for Limited Companies in the UK was first introduced by HMRC in 2000 and many companies have previously missed opportunities to claim this generous tax relief.

What can we learn from Carillion?

The failure of Carillion this week, has brought the potential perils of working for large contractors into sharper focus.