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Guest Blog Post: The Locum Passport

The Locum Passport – join agencies for the benefit of your practice. If you’re reading this post, you’re probably a locum that realises the importance of a good network around you. From financial matters to ethical dilemmas, you’ve created connections with businesses and people alike, that are able to support and add value to your…Read More

Smart Accounting @ the British Dental Conference and Dentistry Show 2018

With less than a month away, we’re doing the final preparations for the British Dental Conference & Dentistry Show (in collaboration with the British Dental Association). Taking place on the Friday 18th and Saturday 19th May, be sure to visit Stand N50 to discover how your practice can benefit from cloud accounting. Rather than wading…Read More

Dental Practices: Digitise your Business Financials with Cloud Accounting

Digital dentistry has provided innovative possibilities for clinicians, influencing the diagnosis, planning, placement and restoration of implants. It has streamlined the clinical workflow and also has the potential to restructure the way you process, engage and review your practice’s business financials. With the rightly advised cloud-based software, you and your practice can explore the key…Read More

Tackling the Plastic Problem – Spring Statement 2018

As widely speculated, the Chancellor announced a call for evidence to explore how changes to the tax system or charges could be used to reduce the amount of single-use plastics, by reducing unnecessary production, increasing reuse, and improving recycling. In the consultation document entitled Tackling the plastic problem: using the tax system or charges to…Read More

Financing Growth in Innovative Firms: Enterprise Investment Scheme Knowledge-intensive Fund Consultation – Spring Statement 2018

Evidence gathered during a recent consultation suggested that knowledge-intensive firms – which have high growth potential but are R&D- and capital intensive – have the most difficulty obtaining the capital they need to scale up. The Autumn 2017 Budget subsequently announced that the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) schemes would therefore…Read More

Security Deposits – Spring Statement 2018

The government announced at Autumn Budget 2017 that the current scope of the security deposit legislation will be extended to include corporation tax and Construction Industry Scheme (CIS) deductions from April 2019. HMRC are now seeking views on proposals for implementing this change to ensure that it is introduced in the most effective way, that…Read More

Cash and Digital Payments in the New Economy – Spring Statement 2018

Digital technology has revolutionised the way people shop, sell, and save, and people are increasingly moving away from using cash. According to government research, cash has fallen from being 62% of all payments by volume in 2006, to 40% in 2016, and is predicted by industry to fall to 21% by 2026. It represented only…Read More

VAT registration threshold: Call for evidence – Spring Statement 2018

At Autumn Budget 2017, the Chancellor recognised that the UK had by far the highest threshold in the OECD and concerns about the cliff edge nature of the threshold. However, he noted that a high threshold has the benefit of keeping the majority of UK businesses out of VAT altogether. He announced that the government…Read More

Entrepreneurs’ Relief – Spring Statement 2018

At present, entitlement to the special 10% rate of capital gains tax may be lost when an entrepreneur’s company issues new shares and as a result causes their personal stake to fall below 5%. A proposal announced at Autumn Budget 2017, will allow an individual in this position to elect to be treated as if…Read More

Self-funded work-related training – Spring Statement 2018

The government has launched a consultation on plans to extend the existing tax relief available for self-funded work-related training by employees and the self-employed, as part of the government’s focus on creating an environment for individuals to develop their skills to boost productivity in the UK. Most employers fund the work-related training of their employees, although…Read More

Online Platforms – Spring Statement 2018

Online platforms and marketplaces are seen as being good for the economy and for consumers, who benefit from lower prices and more choice. However, some people who earn money from using these platforms may never have earned money without an employer to act as an intermediary between them and HMRC before, and can find it…Read More

Spring Statement 2018

Summary Chancellor Philip Hammond said it would be a short, snappy affair when he delivered the government’s first Spring Statement to the House of Commons today, and this was indeed to be the case – it took just 30 minutes to cover the key points. The statement focused on the latest forecasts for the economy…Read More

Autumn Budget 2017 – Continued Summary

Chancellor Philip Hammond has delivered his first Autumn Budget under the new system he announced this time last year. The aim of the new system is for the Finance Bill, which is normally published after the annual Budget, to reach Royal Assent stage in the spring of each year, before the start of the following…Read More

Autumn Budget 2017 – Key Points

              With immediate effect: new announcements • From 22 November 2017, Stamp Duty Land Tax (SDLT) abolished for first time buyers on homes costing up to £300,000; no SDLT on first £300,000 of first time buyer’s purchase of homes up to £500,000. • From 29 November 2017, Marriage Allowance…Read More

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