RECENT CGT UPDATES

REPORTING PROPERTY GAINS WITHIN 30 DAYS Since 6 April 2020 where UK residential property is disposed of, the resulting capital gain needs to be reported and the capital gains tax paid within 30 days of completion of the disposal. There have been a number of teething problems with the new online reporting system and HMRC[…]

IMPROVING YOUR SALES STRATEGY

In today’s challenging trading environment, a good sales strategy is essential. Talk to existing customers Your current customers are one of your best sources of information. Your existing client base can provide you with valuable feedback about what worked and didn’t work for them during the sales process. Similarly, current customers are an excellent source[…]

PERSONALISATION IN ACCOUNTANCY

Unlike a cosy tweed scarf, there is no one-size-fits-all when it comes to accounting. The ever-changing landscape of 2020 has left businesses revisiting their finances. At MMG Archbold, we create solutions that are unique to our clients and their individual needs. Whether it’s adding alloy wheels to your new car or an extra 5 GB[…]

PROTECTING YOUR BUSINESS AGAINST FRAUD

In these uncertain times, businesses are combatting an increased amount of fraud. Throughout recent months, there have been widespread reports of an uptick in fraudulent websites, charity scams and fake emails purporting to be from banks. This increase in fraudulent activity is being driven by opportunists who are attempting to take advantage of the confusion[…]

CHECKING THE PULSE OF YOUR WORKPLACE

Are you rolling out of a staff survey to analyse the impact of COVID-19? Have you considered how to action the data gathered in a meaningful way? We have experienced change that before 2020, would have seemed unimaginable. As we start to pick apart what might happen next, effective communication has never been more important.[…]

REFUNDS OF QUARTERLY INSTALMENT PAYMENTS

Companies with profits in excess of £1.5 million are required to make quarterly instalment payments (QIPs) of their corporation tax liability much earlier than the normal payment date which is 9 months after the end of the accounting period. For the year ended 30 June 2020 a company with profits between £1.5 million and £20[…]