Diversification and VAT: tax implications for farming businesses
Farm diversification is becoming increasingly popular as a means of generating new income, but it is important for farmers to consider the full tax implications that any new enterprise could have on their farming business. Nottingham chartered accountants Clayton & Brewill explain how diversification can affect your VAT liability. In years gone by, the vast […]
The responsibilities of a director
In today’s highly regulated business climate, it is vital to understand the responsibilities involved in taking on the role of company director. In this article, Nottingham chartered accountants Clayton & Brewill takes a look at what it means to be a director, and what general duties you are required to do in accordance with company […]
Self Assessment deadlines: key dates to be aware of
With key dates for Self Assessments coming up fast, Nottingham chartered accountants, Clayton and Brewill, highlights some important deadlines you need to be aware of and explains why it’s a good idea to get your tax return done sooner rather than later. For those who are self employed, a Self Assessment is the process by […]
Holiday pay: it comes with the job
You may have seen adverts from the holiday pay awareness campaign earlier this year: ‘Holiday pay. It comes with the job’. This is part of a wider government initiative, the modern Industrial Strategy, aimed at giving employers and workers better understanding of workplace rights and responsibilities. Nottingham accountants Clayton & Brewill explains more about holiday […]
Claiming capital allowances
Getting tax relief on a claim for capital allowances is not always plain sailing. This was recently highlighted at a tax tribunal, where a taxpayer faced the possibility of forfeiting tax relief on 80% of his expenditure. Nottingham chartered accountants Clayton & Brewill explains more about this particular case and the recent changes around capital […]
A guide to minimum wage for employers
Getting minimum wage obligations right can be challenging for employers, as indicated by the findings of a recent report by the Low Pay Commission, which highlighted minimum wage underpayment among employers of nine or fewer workers. Nottingham chartered accountants Clayton & Brewill have put together a helpful guide to minimum wage for employers. The guide […]
Section 21 notice changes: an update for landlords
The government has announced its plans to abolish the use of Section 21 notices, with landlords now expected to use Section 8 if they wish to evict their tenants. This change coincides with the Tenant Fees Act 2019 coming into place last month, which has capped the amount allowed for a tenancy deposit and banned […]
Employment status – why it matters
The modern workplace has evolved rapidly, with the development of the ‘gig’ economy and new ways of working. Freelance workers, contractors working via personal service companies, and workers accessing web-based platforms, for example, are now all integral parts of the modern workforce. With the tax and employment rules struggling to catch up, employment status is […]
Annual returns changes for charities
Charity governance is very much in the spotlight at the moment and with recent changes to annual returns for charities, it’s important that charities are aware of what they are required do to ensure that they comply. Doug Perry, partner at Clayton & Brewill, explains the changes and what it means for charities. Although charity […]
Client profile: My HR Hub
In our latest client profile piece we speak to Rebecca Bull, founder of award-winning HR consultancy, My HR Hub about the driver behind setting up My HR Hub and the imminent launch of an exciting new service. When was My HR Hub formed? I set up My HR Hub in 2016 to deliver cost-effective, bespoke […]