Latest News
Mar 2020 – Changes to CGT on private residences
On 6 April 2020 capital gains tax (CGT) on property sales will be subject to some new rules which may have a significant effect on the amount of tax you pay and the date you have to pay it. Contrary to popular belief, the profit ...
Mar 2020 – Payroll
Most employees, with very limited exceptions, must be paid at least the National Minimum Wage (NMW) or the National Living Wage (NLW). These hourly rates vary according to the age of the worker, so it’s crucial to keep a sharp eye on the birthdays of ...
Mar 2020 – Be prepared for change
The Conservative Government now has a healthy majority which will allow it to change the tax law as it wishes, with little effective opposition. The tax and economic changes to be announced in the Budget Statement on 11 March 2020 could be dramatic.For example, the ...
Mar 2020 – New Marketing Executive Joins Clarke Nicklin
The Clarke Nicklin team continues to grow as Alice Atkinson, recent graduate from Manchester Metropolitan University, was appointed as Marketing Executive on 02 of March to support Marketing Manager, Laura Frost. Alice’s role will involve duties such as creating content and updating social media, as ...
Jan 2020 – Changes to off-payroll working rules (IR35)
From the 06 April 2020 there will be some important changes to employment taxes. Those who will be affected are: • Contractors – working through an intermediary, eg. Your own limited company (often known as personal service company (PSC) • Those who provide services to ...
Jan 2020 – Financial Planning Partner Scott Herbert takes stock of 30 years in the industry!
With 2020 now in full swing, Clarke Nicklin’s Financial Planning Partner, Scott Herbert, takes stock of his 30 year career, of which he celebrates 25 years as a Financial Planner and shares some words of wisdom... “How different things were in 1995 when I was ...
Jan 2020 – VAT for start-ups
It takes a lot of planning to start a new business from scratch. You may have to pay up front for some goods and services before you form the company to trade from. Once your company is VAT registered you can claim back VAT incurred ...
Jan 2020 – VAT on electronic services
Selling electronic services, such as ebooks to non-business customers in other EU countries, can cause complications for VAT. The rule for e-services is that you should account for VAT at the rate due where your customer is based. The rate of VAT due on digital ...
Jan 2020 – Cycle to work
To help your employees get to work, you could subsidise their travel on a local public bus service, lay on a works bus, or provide a cycle to work scheme. The cycling option not only keeps your workers fit, but it allows them to acquire ...
Jan 2020 – Cryptoasset confessions
Have you dabbled in cryptoassets such as Bitcoin and Litecoin? Buying and selling amounts of any cryptoasset is treated just like dealing in shares or bonds, so if you make a large gain you need to declare that on your tax return. A gain or ...
Dec 2019 – Tax relief for buildings
For years you have been able to claim tax relief for the cost of equipment installed within or on buildings, such as shop fittings, but not for the cost of the building itself. That changed from 29 October 2018. You can now claim a Structures ...
Dec 2019 – Re-enrolment in a workplace pension
For many employers, the aggravation of setting up auto-enrolment of staff into a workplace pension was over years ago, but it’s not a task that can be done once and forgotten. All employees who opted out of the workplace pension must be re-enrolled in that ...
