Latest News
Aug 2018 – The Institute of Chartered Accountants Awards Graham Clarke for 50 Years Membership.
The institute of Chartered Accountants England and Wales have presented Graham Clarke with a certificate of recognition upon reaching 50 years membership. Graham Clarke, whose father was one of the original founders over 50 years ago is very much still an employee at Clarke Nicklin ...
Aug 2018 – Repercussions of Tax Schemes
Convoluted tax avoidance methods are known as ‘tax schemes’. Back in 2000, a popular tax scheme was to receive pay from your job as a ‘loan’, on which there was no tax, and no National Insurance. The individuals who took part in these schemes were ...
Aug 2018 – Trading and Property Allowances
Since 6 April 2017 you haven’t had to report income from trading or rents (property income) if the total amount received in each category is less than £1,000 per tax year, but there are conditions. The property income allowance can’t apply to rent from letting ...
Aug 2018 – Last Chance to Pay Class 2 National Insurance Contributions
As a self-employed individual, you will be required to pay only one class of National Insurance Contributions (NIC) from 6 April 2019. Good news! But there is a catch. Currently, if your profits are below the small earnings threshold of £6,205 (for 2018/19), you don’t ...
Jul 2018 – New Senior Hire Boosts Team
We are pleased to announce we have further expanded our team with the appointment of Nathan Millar . Nathan, who joins the business as Accounts Senior, joins Clarke Nicklin having just moved back to the UK from Melbourne Australia. Nathan’s past experience included primarily looking ...
Jul 2018 – Missing Trader Fraud
There are so many risks in business nowadays. You need to know your customer to check they aren’t trying to launder money through you, but you also need to know your suppliers to protect yourself from VAT fraud. If your supplier goes missing and deliberately ...
Jul 2018 – VAT on Exported Goods
When you export goods to a customer in a country outside the EU, the sale is zero-rated for VAT if, and only if, seven different points of supporting evidence can show what went from A to B, what it was worth, how it moved, and ...
Jul 2018 – Who is Entitled to SMP?
To receive Statutory Maternity Pay (SMP) the pregnant employee must have been continuously employed by the same employer for at least 26 weeks up to and including at least one day in the 15th week (aka ‘qualifying week’), before the week in which the baby ...
Jul 2018 – What’s the Deal with VAT on Hot Food
The general rule is that food for human or animal consumption is subject to zero rate VAT. However, where food is supplied as part of a catering contract, standard rate VAT (20%) must be applied to the cost of all the food whether it is ...
Jul 2018 – Preparing for Digital VAT
Tax is going digital, just as sure as Brexit is happening. The first business transactions to be affected by this Making Tax Digital (MTD) revolution will be those relating to VAT. If your business is VAT registered, and your turnover is £85,000 or more per ...
June 2018 – Stockport Business Awards Shortlist Revealed
Clarke Nicklin, are the main sponsors and organisers of the Stockport Business Awards and founded the event six years ago. We can now announce the shortlist for the 2018 Stockport Business Awards. Over 80 Businesses entered the 12 categories this year and judging took place ...
June 2018 – Winners Revealed for Stockports First Ever Food & Drink Awards
We teamed up with food-focused multi-disciplinary business Foodsync, to host the first Stockport Food and Drink Awards which was held on Wednesday 20th June at Robinsons Brewery. The awards followed the first ever Stockport Food & Drink Trade Show which was held at Stockport Market ...
