Since the 1990s, business owners have paid tax based on their accounts which end in a particular tax year, so if you draw your accounts to 30 September, your profits for 30 September 2020 will be taxed in the tax year 2020/21.

A DIY Housebuilder is entitled to reclaim VAT suffered on building their new home.

Albert Goodman has made the bold decision to commit to becoming genuinely net zero by 2030. We have done this by signing up to the #RaceToZero through the ICAEW 1000 Accountant's...

Michelle Ferris, Head of Charities and Care, explains the benefits and drawbacks of seeking charitable status as a care provider.

The FRC have recently carried out a thematic review of Streamlined Energy and Carbon Reporting in Financial Statements, recommending 5 areas of focus:

As well as talking through the profit and loss account of each farming client, we also focus on the cash flow statement.

A year ago Elaine Grose, Albert Goodman's Senior Tax Manager, shared her thoughts on how providers can thank their keyworkers without breaking the bank.

ESOS regulations have been in force since 17 July 2014 and require large entities in the UK to carry out compulsory energy saving assessments covering their buildings, industrial processes and transportation of all UK operations.

We were introduced to a director of a successful, expanding business, which required new larger commercial premises from which to operate.

With the shortage of nursing and care staff in the UK quoted frequently in the media, many care providers are experiencing difficulties recruiting for vacant positions.

Basic Payment Scheme (BPS) is being phased out so that by the year 2027 it will not be paid, as it currently stands for farmers in England.

Having been significantly disrupted last year by Covid-19, no doubt we are all looking forward to a more normal Christmas this year.

The Task Force for Climate Related Financial Disclosures first published a report in 2017 setting out its view on the core elements of climate related financial disclosures which are applicable to all business sectors and regions.

"One day son, all this will be yours!" maybe a tired, stereotypical (and probably outdated) phrase stated by a farming father to his son coming of age...

Since the introduction of self assessment back in 1997, UK resident individuals have been required to report disposals of property on their annual tax return and pay over any capital gains...

At the last election the Conservatives promised to not raise certain taxes, one of which was national insurance (NI).

In a low interest rate market, it can be difficult for savers to get excited about the prospect of managing cash savings. However, cash is a vitally important asset for both short term liquidity

Similarly, trying to ascertain the detail of your business performance at a glance could leave you wondering where to start or relying on your gut-feel instead.

Organisations with a turnover in excess of £10.2 million, who are within the remit of anti-money laundering (AML) legislation, will see the cost of regulation increase in 2023/24 with the introduction of a new Economic Crime Levy

There's a VAT relief to encourage the installation of certain energy saving materials in residential properties. Among other things, the supply and installation of insulation for a roof can qualify for the 5% rate of VAT.