News - Pursglove & Brown

Extension for Making Tax Digital For VAT Announced By HMRC

By Pursglove & Brown. Posted on 22nd October

Making Tax Digital is a key part of the government’s plans to make it easier for businesses like yours to get their tax right and keep on top of their affairs by providing tax records digitally, saving on both business time and resources. Initially VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) …read more

Chance To Buy Scheme To Benefit Landlords & Tenants With Tax Break

By Pursglove & Brown. Posted on 11th October

The Chancellor, Philip Hammond, has been called upon to consider a new report as part of his Autumn Budget later this month. The Chance to Buy Scheme proposes that UK landlords should receive a considerable tax break if they sell their property to tenants. Currently landlords face paying 28% capital gains tax on the profits …read more

Tax Facts for Primary School Children

By Pursglove & Brown. Posted on 3rd October

As any parent knows, teaching children the value of money and how it actually doesn’t grow on trees can be challenging but it is undoubtedly a key opportunity in preparing them for life as an adult. It can be even more complicated explaining to young children the importance of tax law and the role we …read more

Philip Hammond Announces Autumn Budget Date

By Pursglove & Brown. Posted on 27th September

This year’s Budget is to be earlier than usual to avoid clashing with the final stage of Brexit negotiations in November. The chancellor has said he would reveal the government’s spending plans for next year on 29 October. Traditionally budgets are on a Wednesday however, this year the budget falls on a Monday, exactly five …read more

Government Urged To Prioritise Digital Divide

By Pursglove & Brown. Posted on 30th August

There are 4.8 million people in the UK who are self employed and the government has now been urged by the Association of Independent Professionals and the Self Employed (IPSE) to narrow the digital divide between urban and rural areas with regards to improving broadband connectivity. Jordan Marshall, Policy Development Manager at IPSE has advised …read more

5 Ways Making Tax Digital Will Help Your Small Business

By Pursglove & Brown. Posted on 30th August

Annual reporting of taxes is on the way out and from April 2019 businesses will have to face filing their taxes quarterly, submitting tax information such as revenue and expenses every 3 months. Making tax digital will be introduced in stages From April 2019, businesses with a turnover above the VAT threshold will have to …read more

We Are Now On Handpicked Accountants

By Pursglove & Brown. Posted on 23rd August

Pursglove & Brown are pleased to announce our inclusion on Handpicked Accountants, a website featuring only the leading accountancy firms across the UK. Handpicked Accountants was launched in 2017 to help people find a reputable accountant in their local area. Visitors to the site can input their postcode and be presented with a list of …read more

More Than A Million Couples Missing Out On Marriage Allowance

By Pursglove & Brown. Posted on 22nd August

HM Revenue and Customs has advised that more than a million married and civil partnered couples who are still eligible for the marriage allowance tax break have not yet claimed their entitlement. Couples could be missing out on up to £238 a year and with the possibility to backdate and include any tax year since …read more

Landlord Tax Changes Sees Buy-To-Let Lending Fall 19% On Last Year

By Pursglove & Brown. Posted on 21st August

Buy-to-let mortgages taken out by landlord investors fell by almost a fifth in June this year compared to last year, a reaction to the tax changes which are being implemented from April 2017-2018 to April 2020-21. To further curb new property purchases relating to buy to let and second homes, a 3% increase in stamp duty …read more

Charity Football Tournament Raises £2000

By Pursglove & Brown. Posted on 25th July

This year’s charity football tournament was attended by local businesses who played on throughout the rain and sun this weekend. The 7 a side games were pretty competitive with one of our own games coming down to penalties and sadly we lost it! The pitches were kindly donated by The Cheshire in Upton enabling all the …read more