News and Events
Articles
Keep up to date with all the latest publications and articles from Charterhouse.
This was not a budget – The mini-budget September 2022
“This was not a Budget!” What does that mean? Because this is not a Budget, the changes introduced by the country’s new Chancellor do not face the same scrutiny that a Budget would. The announcements are not accompanied with a forecast from the Office …
Make your life easier and your business more efficient with the latest accounting software
Make your life easier and your business more efficient with the latest accounting software Do you ever feel that the number of different roles you have to take on to ensure your business operates smoothly is too much for you? From advertising and selli …
The Great Budget Contradiction – Our take on the 2022 Spring Statement
The Chancellor delivered his Spring Statement today and from the start he appeared to be fighting himself.
To VAT register, or not to VAT register: that is the question
To VAT register, or not to VAT register: that is the question. Well, for businesses whose VAT taxable turnover, (which is everything you sell that is not exempt from VAT), exceeds the registration threshold of £85,000 in a rolling 12 month period it is compulsory to register and HMRC may impose penalties for late registration. Furthermore, you will still be required to pay VAT from the date you should’ve registered, so this could lead to a large bill if you haven’t made allowances for this payment.
I HAVE BUILT UP A PROPERTY PORTFOLIO AND I’M WORRIED ABOUT INHERITANCE TAX ‘IHT’, SHOULD I GIFT PROPERTIES TO MY ADULT CHILDREN?
I HAVE BUILT UP A PROPERTY PORTFOLIO AND I’M WORRIED ABOUT INHERITANCE TAX ‘IHT’, SHOULD I GIFT PROPERTIES TO MY ADULT CHILDREN? I have come across this same question from numerous clients over the last 20 years and being a tax advisor it is not natural to say to clients that tax is not the most important factor they should be considering.
BSU GUIDANCE – MTD for VAT from 1 April 2022
Making Tax Digital (MTD) was first introduced for VAT registered businesses whose turnover was above the VAT registration threshold of £85,000 back in 2019. Phase 2 of the MTD rollout takes effect from 1 April 2022 and will now cover all businesses reg …
Kinja FC – New Year Update
As we move from a difficult and turbulent year of 2021 for everyone across the country, and look ahead to 2022, we at Kinja FC would just like to take a moment to reflect on some of the many positives that arose from 2021, and the exciting opportunitie …
Free ports, what are they and how can they benefit your business?
According to Wikipedia Free Ports in the United Kingdom are a series of government assigned special economic zones where customs rules such as taxes do not apply until goods leave the specified zone.
Kinja FC – Season update
Sponsors of the Kinja FC Girls Football Team Kinja FC U18 Girls Season Summary The under 18 girls have started the season well with their performances, unfortunately, some of the girls have picked up injuries early on and in preseason games meaning the …
MTD for Landlords, a help or hindrance.
The combination of Making Tax Digital (MTD) and Income Tax Self Assessment (ITSA) and the requirements it places on Landlords has once again brought the subject of incorporating your property portfolio to the fore. When MTD for VAT was introduced, we w …
SEISS 5: Tricky turnover test revealed
by Rebecca Cave – Tax Writer, Taxwriter Ltd, writing in Accounting Web To apply for the fifth SEISS grant, taxpayers will need to have two different turnover figures prepared in order to claim. But working out those figures won’t be easy for many trad …
How do you establish whether a person is carrying on a trade?
HM Revenue & Customs have listed nine badges of trade, and these have been supplemented by case law. PROFIT SEEKING MOTIVE It is clear that having an intention to make a profit can indicate a trading activity, however by itself it is not enough. In …
Charterhouse Accountants Adopt Mind in Harrow as Charity of the Year
Harrow based Charterhouse Accountants have recently confirmed that they are adopting Mind in Harrow as their Charity of the Year for 2021/2022. As a business, Charterhouse have social responsibility at their heart, illustrated by their CSRA accreditati …
Charterhouse Accountants Ltd celebrates commitment to Real Living Wage
PRESS RELEASE 11th May 2021 Charterhouse Accountants Ltd CELEBRATES COMMITMENT TO REAL LIVING WAGE Charterhouse has today accredited as a Living Wage Employer. Our Living Wage commitment will see everyone working at Charterhouse re …
What is the purpose of an audit on financial statements?
What is the purpose of an audit on financial statements? Overview Audit report on the financial statements can be used in many different purposes, and for many different requirements. For example, it is required by board of directors, shareholders, ent …
OFF PAYROLL WORKING RULES (IR35) – Make sure you are ready for the changes
IR35 changes come into effect from April 6, many firms are still not ready for the changes, make sure you are not one of them. Below is more information on the changes and what you need to do. Off payroll working rules (IR35) What is Off Payroll Workin …
The Budget 2021 – Building for the Future.
Latest Tax Announcements – The Budget 2021 How is the Rishi Sunak social media train going to repay the £300bn cost of the COVID-19 pandemic to the UK most of us were asking up until this afternoon? A tax on tweets could probably cover the cost within …
VAT Domestic Reverse Charge for the building and construction industry
VAT announcement for the building and construction industry After delays in 2019 and 2020, the Domestic Reverse Charge (DRC) rules for businesses operating in the building and construction industry will come into effect from 1 March 2021. The new rules …
Why should your business move to a digital accounting platform?
Why switch to digital accounting webinar Earlier this week we held the first in a series of webinars to help business owners understand why the switch to digital accounting will not just make running their business easier but could also save the busine …
Making Tax Digital 2018
The government is phasing its landmark MTD regime, which will see taxpayers moving to a fully digital tax system over the coming years.