Commentary and insight

Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.

(IR35) Off-Payroll Changes: are you prepared?

From 6 April 2020, a major shake-up of the off-payroll (IR35) rules is expected. Draft legislation has already been published, though final details and HMRC guidance are still to come. The new regime will affect you if you work via your own...

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A Purr-fect Run for Horsfield & Smith

It was a purr-fect run for staff at Horsfield & Smith as we donned our trainers and completed the Bury 10k for Bleakholt Animal Sanctuary. Through our fundraising efforts and collaborating with clients, we raised an impressive £1,600 for the...

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Xero Conference 2019 – Exciting New Product Updates

At the recent Xerocon at the London ExCel we heard from various Xero product partners and app partners on their exciting new products for 2020. Xero announced a suite of features targeted towards small businesses, the most exciting one being...

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Xero Conference – the Glastonbury for Accountants!

A few of the Horsfield & Smith team recently travelled to London to attend the two day Xerocon at ExCel – namely, the Glastonbury for Accountants! Event Recap We heard from keynote speakers: Xero’s CEO, Steve Amos and Managing Director for Xero...

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Making Tax Digital for VAT: re-examining the key points

Making Tax Digital for VAT (MTD for VAT) is up and running. Most VAT-registered businesses with taxable annual turnover above £85,000 will now be signed up to HMRC’s new system. This requires digital records to be kept, and VAT returns to be filed...

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The Case of the Missing Budget

Introduction It’s been an eventful few years in British politics, but 2019 has been something else again with one jolt after another. The 29 March deadline for the UK to leave the EU was extended to 31 October and then again until 31 January 2020....

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Record Number of Estates Paying Inheritance Tax

A record amount of estates paid inheritance tax in 2016/17, according to government figures. More than 28,100 estates were liable for death duties in 2016/17 – a new high for the number of estates charged. The latest figure represented a 15% rise...

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Protecting Your Business from Fraud

Steps to shield your firm from threats. Fraud costs the UK around £190 billion a year, with businesses bearing almost three quarters – £140bn – of those losses. This worrying picture is backed up by the 2019 Fraudscape report compiled by anti-fraud...

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What we can do for you

Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.