In the News..........

Spot Light on Sunak

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The Government have avoided temptation to delay the Budget. Wednesday 11th March 2020 will see the rookie Rishi Sunak deliver a Budget amid the backdrop of an unhinged economy further hit by coronavirus.

 

There is much speculation on the likely changes, including

 

  • abolition or restrictions on the CGT relief, known as Entrepreneurs Relief

  • slashes to pension relief for higher rate earners

  • 3% SDLT surcharge for overseas buyers of residential property

  • significant inheritance tax reforms

 

But what do we know for sure? Read on to find out…….Budget 2020

Virtual Finance Director
Cyber CFO - Just another sales pitch?

 

At Fairman Harris, we are dealing with small start-ups and entrepreneurs through to businesses with over £25m turnover. We analyse their businesses day in day out.

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We act as Virtual FD's for a number of clients including ones that were accountants in a past career but who recognise the importance of financial health and looking after it!

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Do you need a Cyber CFO? 

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Making Tax Digital - Are you Ready?

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HMRC will be introducing Making Tax Digital for VAT starting next quarter. So what does this mean for you and your business?

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Although HMRC have pledged to make it easier for individuals and businesses to get their taxes right and keep on top of their affairs. But we all know that nothing easy comes without the pain first.

 

From the 1st April 2019 submissions of VAT returns will need to be made using digital records and the use of software. It will no longer be possible to log in and input information directly into the HMRC website. This applies to all businesses that are currently VAT registered, with a few exceptions. Speak to us if you feel the exceptions may apply to you. 

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Fairman Harris have developed a number of options that will help you meet the new requirements with the least possible disruption to your business.

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Contact kim@fairmanharris.co.uk for more information