Latest News

Warning for Not for Profits as HMRC makes changes to criteria of ‘what is a business activity’

HMRC has changed how it now approaches determining whether or not an activity is a business activity. Hydeam Sulton explains what this means for charities, not for profits and providers of nursery and creche facilities.

Making Tax Digital Compliance checks: How to avoid penalties

HMRC have published a new factsheet, ‘Compliance checks: How to avoid penalties for Making Tax Digital for VAT – CC/FS69’, which set outs the penalties that may be imposed for failing to comply with Making Tax Digital  (MTD) for VAT requirements.

Research and Development (R&D) tax relief reform

Here Becky Bowness, Partner and Head of Tax, explains how the mechanics of Research and Development (R&D) tax relief is due to change, including extending the range of qualifying expenditure, a refocus on inward innovation and enhanced claim management using digital input.

Our Latest Investment Market Update

Our latest commentary on the financial investment markets and the wider economy.

How to deal with pressing creditors

David Hush from our National Creditor Services team provides his advice about what you should do if you are facing pressure from Creditors looking to reclaim owed debts.

Cybercrime – the biggest threat to business

The Cyber threat to businesses has exploded in recent years, with small and mid-sized organisations now most at risk.

Accelerated by Covid-19 and the war in Ukraine, threats such as ransomware, fraud, extortion, and data theft all form part of a global Cybercrime Pandemic generating an estimated $6 Trillion per year in 2021 and expected to increase to over $11 Trillion by 2025.

Tips on approaching your bank for extra facilities

There is no sign of any relief from the increased cost of fertiliser, fuel, feeds, etc in the coming months. Selling prices of most commodities have also increased, but whether the increased income is sufficient to cover the increased costs is another matter.

Be prepared to plan properly for the future and be wary of knee jerk reactions

Chris Edmunds, Director of Davidson & Robertson based in Cockermouth provides some thoughts on helping farmers and landowners to continue to thrive.

Pension flexibility – understanding the benefits and the risks

Financial Planning Consultant, Marcus Dodds, looks at the consequences of making early pension withdrawals during these unsettled and challenging times.

5 tips to prepare your business for the challenges of inflation

The combination of Russia’s invasion of Ukraine and new COVID-19 lockdowns in China are adding to business and consumer concerns that the UK’s inflation rate will rise to over 10% by the end of 2022. Continuing Covid restrictions in China are likely to complicate efforts to solve supply chain challenges, while the situation in Ukraine increases the prospects of more price shocks around food and energy.