As of 6th April 2020, all buy-to-let landlords and other property owners will have just 30 days to report and pay any Capital Gains Tax owed on the sale of a residential property. This represents a significant shift from the present-day rules, which in some cases see
Read more →During the past five years wholesale gas and electricity prices have been rising rapidly, until a recent shift which saw the market enter a state of backwardation. Backwardation occurs when the current price of a commodity is higher than its future trading market price. In the case
Read more →The mismanagement of a business’s finances can cost millions. Juggling money is challenging for the most experienced business owner, but for those who find themselves suddenly in the throes of success within a brand new industry, it can prove a minefield. Here at Champion Accountants, our specialist
Read more →An important update for those in the construction industry, as HMRC has announced that major changes to VAT administration are to be put on hold until next year. Originally due to come into force from October 2019, the domestic reverse charge will now be implemented from 1st
Read more →At the Development Bank of Wales, we provide loans and equity investments to Welsh businesses, or those willing to move here. Established by the Welsh Government, our aim is to unlock the potential in the Welsh economy by increasing the provision of sustainable, effective finance. Through our
Read more →Businesses that fail to comply with auto-enrolment rules could be caught out as The Pensions Regulator (TPR) continues its campaign of spot-checks this summer. New rates for auto-enrolment came into force in April this year, meaning that businesses must ensure that a total minimum contribution of 8%
Read more →You may have noticed a recent surge in publicity surrounding Payment Protection Insurance (PPI), and that’s because claim management companies are ramping up their efforts to act on your behalf before time runs out to make a claim. The deadline for submitting a claim for compensation for missold PPI is 29th August 2019. With
Read more →We know that Research & Development (R&D) Tax Relief isn’t simple. Time after time, many of the businesses that we talk to about R&D relief have the same misconceptions about what they can claim for, such as: We pay a lot of rent on our premises… that will form
Read more →Traditionally, when a limited company is incorporated, it is set up with a single share class, meaning that all shares issued carry the same rights and entitlements. A share generally carries three types of rights: they might be able to vote on shareholder decisions, receive dividend returns
Read more →Cryptocurrency continues to hit the headlines, especially since a single Bitcoin in 2010 would cost around £1 compared to the £thousands that they trade for today. Yet it is the technology that makes cryptocurrency possible that is the new hottest trend in town, with Google searches for
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