Henry Brown & Co Chartered Accountants
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26 Portland Road · Kilmarnock · Ayrshire · KA1 2EB | Call us on: +44 1563 522308

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Digital shift could leave pensioners behind

16-08-2017

Concerns have been raised that Britain's pensioners face being "left behind" when HMRC introduces its Making Tax Digital scheme. The policy to move all of the country's tax systems online will begin to take effect in April for VAT payments, with income tax expected to follow after 2020. But some exp...


Business leaders put trust in accountants

16-08-2017

The majority of business leaders rely on accountants to make finance decisions, according to a survey by MarketInvoice. Some 56% of the business leaders surveyed said that accountants were their most important external advisers when considering business finance options. They are twice as important t...


HMRC introduces successful tech

14-08-2017

More than 1m people used new online tools for the first time to complete their tax credit renewals ahead of the July 31 deadline, HMRC has said. The Revenue’s customer service department handled 43% of all renewals by supporting 170,000 customers through the process via webchat. It also saw more t...


HMRC wrongly chased 1m for late tax returns

14-08-2017

HMRC has been chasing nearly 1m people for filing late tax returns despite them not being required to file self-assessment forms. The Revenue says that the 963,000 taxpayers found to be unnecessarily registered for self-assessment in the past two years and have now been taken out of the system altog...


HMRC to withdraw paper copies of SA302 for mortgage applications

10-08-2017

From 4 September 2017 HMRC is to stop issuing paper copies of clients’ tax calculations and tax year overviews for mortgage applications for self employed people using tax agents, insisting that it has come to an agreement with the Council of Mortgage Lenders about accepting online print outs...


Insolvencies fall in Scotland but risks still loom

10-08-2017

The number of corporate insolvencies in Scotland fell by 16% in the year to June 2017. Despite the fall experts from Johnston Carmichael have warned businesses that they are not out of the woods yet as Brexit and the oil and gas downturn continue to provide market uncertainty....


Jobs blamed for mental health woes

09-08-2017

Work is the main factor causing poor mental health among men, the mental health charity Mind has warned. It claimed many men work in industries where a "macho culture" exists which may prevent them from opening up about their feelings. The charity raised concerns that many men do not feel able to sp...


Pension jackpot for baby boomers

09-08-2017

Older people's income has received a massive boost from private and workplace pensions in the last 40 years, official statistics show. In 1977, only 45% of retired households received income from a private pension, compared with 80% last year, the Office for National Statistics (ONS) said, noting th...


Rise in dawn raids to catch tax evaders

09-08-2017

New figures from Pinsent Masons have shown that dawn raids on suspected tax evaders by HMRC have increased by one-third to 669 over the five years to March. Pinsent Masons noted that despite the long-term increase in dawn raids, there has been a 12% decrease in raids relating to white collar tax eva...


Fix up, look sharp - smart accountants enjoy dress codes

08-08-2017

Most accountants would not like to see corporation dress codes ruled out, according to research from the job board CV-Library, which revealed 66.7% of accounting professionals think businesses should keep dress codes. Of the 1,200 surveyed, 72.9% disagreed with the statement that the traditional dre...


Tax panel backs HMRC drive against salaries paid in gold

08-08-2017

HMRC is "delighted" by the decision from the GAAR Advisory Panel which deemed that paying salaries in gold was “morally repugnant” tax avoidance. The expert panel has ruled that paying employees in gold is clearly a "contrived" scheme designed to "frustrate the intent of parliament."...


I’m out…..of cash

07-08-2017

Theo Paphitis and Peter Jones, the stars of Dragon’s Den, have lost nearly £33,000 after a dishonest accountant working at their Red Letter Days firm falsified cheques and cashed them....



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