HMA ACCOUNTANTS

News

News

Don’t be tempted to withhold pay as a form of leverage

Ms Constantine had been a veterinary surgeon since 2017. Initially, she had worked every day...

Why solvency is the true test of business strength

Every successful business, no matter how innovative or fast-growing, ultimately depends on one simple measure:...

UK productivity remains disappointingly weak

The UK continues to struggle with low productivity growth, a long-running challenge that shows little...

CIS – qualifying for gross payment status

The Construction Industry Scheme (CIS) is a set of special rules for tax and National...

Loss of personal allowance – the £100k ceiling

For the current tax year, taxpayers with adjusted net income between £100,000 and £125,140 will...

Deduction of tax on yearly interest

The tax legislation requires the deduction of tax from yearly interest that arises in the...

Business Asset Disposal Relief changes

Business Asset Disposal Relief (BADR) offers a significant tax benefit by reducing the rate of...

Claiming 4-years Foreign Income and Gains relief

The remittance basis of taxation for non-UK domiciled individuals (non-doms) was replaced with the new...

VAT on goods you export

Exports from Great Britain or Northern Ireland can be zero-rated for VAT, provided businesses obtain...

Winning new contracts without offering punitive credit terms

In today’s competitive market, many businesses feel pressured to extend generous payment terms to win...

Business meetings – Face to face or online?

The way we meet has changed dramatically in recent years. Technology now makes it possible...

Benefits of the VAT Cash Accounting Scheme

Waiting to be paid but still having to hand over VAT? The VAT Cash Accounting...

What is the High Income Child Benefit Charge?

If your income exceeds £60,000 and you or your partner receive Child Benefit, you can...

The Marriage Allowance if circumstances change

Married couples and civil partners could save up to £252 a year by transferring part...

Understanding the tax implications of divorce

When a couple is separating or undergoing divorce proceedings, tax issues are often not the...