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Digital City – opportunities and challenges

Last month, Middlesbrough Mayor Andy Preston and Tees Valley Mayor Ben Houchen announced a £45 million pound development of a digital campus (three 20-storey towers for apartment and office blocks), kick-starting a wider £250m investment in the digital and creative industries to make Middlesbrough “the first digital city in the UK”. Since the news broke, we have spoken to Davies Tracey clients in the industry about both…Read More

Avoiding late payments from customers – Our Top Tips

In September, new research (from Hitachi Capital UK, full article here) showed that almost a third of SMEs (31%) have experienced late payments costing their business at least £10,000 in the last 12 months. Having dealt with several clients who have experienced a profit squeeze because of late payments, we have put together a list of tips to…Read More

September Tax Tips Newsletter

Non-Residents and UK Property HMRC’s guidance for non-UK residents disposing of UK property has been updated to reflect the changes which took effect on 6 April 2019. The guidance note can be found here. Loan Charges The government has announced an independent review of the Disguised Remuneration Loan Charge. The Treasury has asked for the report…Read More

IR35 (Practice News August 2019)

The spectre of IR35 continues to loom over the contractor world and those engaged by the public sector. There have already been several cases heard at tribunal surrounding individuals working for the BBC under their own limited company, otherwise known as off-payroll working, and more cases are expected. The extension of the off-payroll working rules…Read More

Predicting this year’s Budget

6th June 2019 Our Tax Partner Ian Kelly discusses what might attract the Chancellor’s interest over the next few months, and advises on pre-emptive actions to consider. Brexit. It’s safe to say, this word won’t disappear any time soon. Had the UK left the EU as intended in March then we may have had a…Read More

Changes to VAT on Construction

New legislation from HMRC will come into force on: 1ST OCTOBER 2019 Please speak to us to clarify how the Construction Services Domestic Reverse Charge affects you. As ever, we are highlighting this now in order for our clients to prepare for the changes, which may impact cash flow and your accounting software. The measure will introduce a…Read More

The new tax year

28TH MARCH 2019 When I wrote last November about the increasingly hectic Tax Return season for the year ended 5 April 2018, we had had the first spell of bad weather and the clocks had just gone back giving us instantly darker evenings. Here we are now with a not too bad winter (hopefully!) behind us…Read More

Minimise tax for the current year (ending 5 April 2019)

With the dust already beginning to settle on this year’s Tax Return filing season, it is now, traditionally, the time to consider any measures that will help to minimise tax for the current year ending 5 April 2019 and strategies for the following year ending 5 April 2020. For several years now, the existence of…Read More

Tax Return ‘season’

NOVEMBER 2018 The increasingly darker afternoons and the onset of some poor weather as November comes to a close is a reminder that we are now deep into Tax Return ‘season’. It’s ironic that the gathering gloom and the depths of winter coincide with the task of completing and filing the annual Tax Return. Reverse psychology,…Read More

What’s new in the tax year ahead

The Low Pay Commission’s Autumn 2018 report has been published and on the 1st April 2019, the minimum wage will increase again. The National Minimum Wage (NMW) is the minimum pay per hour most employees are entitled to by law. An employee’s age and if they are an apprentice will determine the rate they will…Read More

Booking now open for our CLICK sessions

September 2018 In addition to individual support from account managers, we have designed events to support our clients, local businesses and individuals in the transition to Making Tax Digital (MTD) – HMRC’s plan for easier tax returns, with effect from 1st April 2019. Booking is now open. These 90 minute sessions will: Explain the advantages…Read More

National Payroll Week – a blog from Ian Kelly, Tax Partner

September 2018 It was all too easy with the summer holiday period coming to an end and children returning to school to overlook (wrongly!) National Payroll Week. This year it took place from 3 to 7 September and helped to raise and maintain the profile of payroll and its importance to payroll operatives and employees.…Read More

Managing Director Craig Davies welcomes new Client Partner, Diane Hodgson

November 2017 Davies Tracey Accountants have appointed Diane Hodgson to the practice as Client Partner. Diane has over 30 years’ experience in senior management roles working for accountancy firms in the region including Baldwins which was previously Evolution and also Vantis. This is a new role for Davies Tracey who employ 27 staff at their…Read More

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