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Why choose HGH?

Taxation

HMRC extends MTD ‘digital links’ deadline until 2021

Posted: 1st Apr 2020 by Clair Watmore Blog

Businesses participating in Making Tax Digital for VAT have until 1 April 2021 to meet the requirement to have ‘digital links’ within their recordkeeping in light of the coronavirus pandemic. To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to… Read more

Budget 2020: what you need to know

Posted: 12th Mar 2020 by Clair Watmore Blog

The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future’. It is a Budget of a government that gets things done’. Our summary… Read more

£1 million tax relief ending soon

Posted: 24th Feb 2020 by Clair Watmore Blog

The Annual Investment Allowance (AIA) offers 100% tax relief to businesses that need to purchase business equipment. It allows your business to deduct the total amount spent on qualifying equipment from your taxable profits. On 1 January 2019, the AIA increased to £1 million. However, the £1 million figure only remains in place until 31… Read more

Home sweet home: tax relief and home working

Posted: 21st Feb 2020 by Clair Watmore Blog

It’s a pretty basic question; “What can I claim, for working from home?” The answer is straightforward only when you recognise the variations in practice. The self employed have different rules compared to employees, so here we explain what tax relief each can claim. For help and advice, get in touch with our tax team… Read more

Free Financial Advice Day – 25th February – book your place

Posted: 4th Feb 2020 by Clair Watmore HGH's News

How healthy are your finances? Join us on 25th February at our Filey office to take advantage of your FREE financial health check! In our everyday lives it can be all too easy to overlook our personal finances. However, life changes, we might want to save for our families futures, or even be planning a… Read more

Investing in commercial property

Posted: 23rd Jan 2020 by Susan Ruddick Blog

Does your business own or rent commercial property? Or are you considering steps in this direction? If so, it is worth discussing the possibility of ownership via Self Invested Personal Pensions (SIPP) or Small Self-Administered Schemes (SSAS). The tax benefits can be significant! A face to face meeting to discuss your own circumstances is the… Read more

Top tips to future-proof your business – 4 March 2020

Posted: 21st Jan 2020 by Clair Watmore HGH's News

4 March | 8AM-10AM Galtres Centre, Easingwold Planning tomorrow’s success today – Effective financial management is vital for business survival and growth. Attend this FREE breakfast seminar where Hunter Gee Holroyd and Barclays will show you how to arm your business with the right protection now and in the future. Agenda 8.00am – Registration, breakfast… Read more

Investment property transfer

Posted: 16th Jan 2020 by Robert Salenius Blog

For over 1.5 million Brits, their future financial hopes and aspirations are pinned on holding property they don’t live in and letting out to others. In the 2017/2018 tax year, the average landlord owned between 1-4 properties each. For many landlords, it’s a family affair – they’ll own their property together with their spouse or… Read more

Making a Difference – Winter 2019

Posted: 11th Dec 2019 by Clair Watmore HGH's News

Welcome to our Winter edition of Making a Difference with a round-up of the latest news. We all know that talking about the weather is a pre-requisite if you live in the United Kingdom. Rain has been in abundance this year, but how are businesses weathering the Brexit storm? Check out our 5-step crisis planning… Read more

Top tips to get you in shape for 2020

Posted: 11th Dec 2019 by Clair Watmore Blog

We know the tax year runs from 6 April 2019 to 5 April 2020, yet effective tax planning needn’t be left until the end of the tax year. Here are some tips to get you ahead. Consider topping up your pension Normally, between you and your employer, you can pay a maximum of £40,000 (or… Read more