Bringing Your Cash Flow Processes Into the Digital Age

Keeping on top of your cash flow is even more important during tough economic times. With a global slowdown on the cards, energy prices soaring and supply chain challenges, cash is likely to be tight over the coming year and beyond. Cloud technology and fintech apps...

HMRC Updates MTD Guidance

MTD non-compliance penalties also published. After much anticipation from accountancy bodies and businesses, HMRC has finally updated its guidance on Making Tax Digital (MTD), filling in several blanks. HMRC updated some of its informational pages on GOV.UK in late...

Capital Allowances and the Super Deduction

Make use of these allowances while they last. When a business incurs costs, such as salary payments or stationery procurement, it can usually fully deduct them as expenses from its taxable profits, reducing the tax due. However, when it buys assets for operational...

Business Exit Strategies: how to leave your business in good hands

A business exit strategy is a plan for what will happen when you want to leave your business. A lot of people think of an exit strategy as a plan to guard against disaster or something that has to be carried out right away after its conception. But this usually isn’t...

New Director Strengthens the Horsfield & Smith Team

Press Release 9 August 2022 Re: New Tax Director Strengthens the Horsfield & Smith Team North West Chartered Accountants, Horsfield & Smith, are celebrating the promotion of Peter Alvarez who has been appointed as Tax Director. Since his arrival in 2019, Peter...

UK Trust Registration Service – Deadline Looming

What is the Trust Registration Service In June 2017, HMRC launched the Trust Registration Service (TRS) following the implementation of the 4th Anti Money Laundering Directive. The aim of this Directive was to improve transparency around the beneficial ownership of...