From 6 April 2020, Capital Gains Tax due on the sale of residential properties will be payable within 30 days of completion. At the moment, individuals selling a second residential property that’s not their main residence report a gain on their tax return and pay capital gains tax (CGT) by the January following the end…Read More
R&D is an often-overlooked tax relief that’s available for small and medium-sized companies, (SME’s), allowing them to claim for research and development expenditure. The amount of relief depends upon the scheme utilised and it only applies to limited companies, not sole traders, partnerships or LLP’s. The SME scheme allows relief at 230% on qualifying costs…Read More
Kettering-based CFW Chartered Accountants & Business Advisers welcomes their latest recruit – Chartered Accountant Leanne Revie, FCCA. Educated in Corby at Our Lady and Pope School and at Tresham College in Kettering, Leanne qualified as a Chartered Certified Accountant (ACCA) in 2005 having been an accountancy trainee at CFW. She returns to CFW after three…Read More
Most businesses want to be successful and grow. While this is a great goal, growth brings its own challenges. It’s easy to focus on increasing sales turnover and not keep a close enough eye on costs and profits. Speed of growth has an impact on resources. Growing too quickly can be dangerous as the business…Read More
What’s termed the VAT reverse charge, or ‘RC’, for construction services is changing. HMRC has released its first draft guidance and updated draft legislation but so far, the guidance that’s been issued lacks the much-needed detail. More information and clarification are expected. The impact of this new ruling on businesses in the construction industry is…Read More
CFW Chartered Accountants moved into a smart new office building in Kettering this spring, relocating from the heart of Loddington village where CFW had offices for over 25 years. The firm has recruited two new senior accountants and a new apprentice in the last six months and is currently recruiting again. CFW specialises in larger…Read More
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