Making Tax Digital could miss the April 2019 rollout

Will the initials MTD now stand for Missing The Deadline? HMRC’s new Making Tax Digital (“MTD”) programme was scheduled to be rolled out to small businesses from April 2019. However, following a scorching report from the House of Lords committee on economic affairs, the rollout may now be delayed by another year. This will be good news for many small …

The Budget 2018

Chancellor Phillip Hammond presented his Autumn Budget on Monday 29th October. He skilfully avoided making the speech on the actual day of Halloween itself but was his famous Budget case full of horrors or a pre-election giveaway ? Marc Bennett of AEL Markhams, provides some insight on how the key budget measures may affect business owners. Click here to read …

Managing the Monster

YEAR END TAX REVIEW 2017-2018 The tax system behaves like a hydra monster, no sooner has one head been chopped off, two more grow in its place. From April 2018 the UK will have three versions of land transaction tax and three types of landfill tax (in Scotland, Wales and the rest of UK). There are also likely to be …

Offshore Non-Compliance

IMPORTANT NOTICE TO ALL CLIENTS from Marc Bennett : Tax Investigations as a result of Offshore non-compliance – VERY IMPORTANT I am writing to advise you that if you have any under declared taxes from overseas assets i.e. tax that should have been paid on bank interest, property income or other overseas assets, then it is vitally important that a …

News

HELLO, WELCOME TO THE AEL NEWSLETTER Business Owner #1: “Are you busy?” Business Owner #2: “Yes I’m really busy.” Business Owner #1: “That’s great, you must be making enormous profits” Business Owner #2: “Errm…actually no, I’m too busy” Recognise the above? This recurring conversation between business owners takes place every minute of every day. Building a sustainable, profitable, and world class …

View from AEL: Take Stock

The expression “take stock” is a well-worn idiom meaning to consider first and act later. But it’s quite remarkable how many businesses don’t set aside the time to consider how decisions on stock control can affect the profitability and cash flow. Successful retail incorporates a whole variety of operating issues relating to the topic of stock. You might like to …