Important VAT update! Government delays new VAT penalty regime from April 2022 to 1 Jan 2023
HMRC has announced that further reforms to the VAT penalty regime (to bring it in line with the other major taxes) has been delayed by nine months until 1 January 2023. The reason is 'uncompleted IT upgrades' and the delay will give HMRC more time to make the necessary changes. HMRC plans to introduce new…
Hotel, hospitality and leisure: start negotiating with creditors now
Somehow, many hotel, hospitality and leisure businesses have survived the last 20 months or so, but that hasn't been easy. Many have been supported by government schemes, and the legal changes brought in by the Coronavirus Insolvency and Governance Act 2020 which ensured no creditors could force closure due to overdue Covid debt. Many businesses…
Recovery matters: solving the problems of property
Property cases can be complex and throw up investigation work – it is often careful planning and working well with others that produce results.  Planning and a logical methodology are key to ensuring a successful outcome.  We are seeing many more complex property-based cases which involve more than just selling a property.  The pandemic will…
Moore Kingston Smith maintains its top ranking for overall service in Charity Finance's Audit Survey 2021/22!
We are delighted to announce that we have been voted top firm for overall service in Charity Finance's Audit Survey 2021/22, out of the leading top 10 charity specialist firms in England – an accolade we have now attained for the last seven years in a row. Neil Finlayson, Head of the Nonprofit Sector Group…
Critical cyber threat: secure your IT system as soon as possible
Reports are coming in of a newly detected weakness, or vulnerability, in software that most organisations around the world use. As the vulnerability is so widely known, cyber criminals are already scanning for it across the globe and seeking out organisations that are exposed. The software is Java and the vulnerability is in the Log4j…
How martech will affect your future people and strategic needs
Whether you are a brand, an agency or a tech vendor, you'll already know that martech spend is on the increase. The rapid behavioural change in consumerism over the past few years has accelerated your need for it. You are changing your way of engaging the end consumer. Having the right platforms, tools and data…
Fallen foul of furlough?
Since the government introduced the Coronavirus job retention scheme in early 2020, HMRC has been under pressure to recover monies lost to incorrect claims and fraud. Of course, there are numerous reasons for incorrect claims, many innocent and unintentional. Businesses affected should seek expert support to minimise their exposure to penalties. Getting the right professional…
Wave of tax changes looming for professional firms
Over the past few months, a number of announcements have been made which will together have a significant impact on the professional firms sector over the next few years. This article seeks to pull together the key changes that are coming down the track; whilst not all of these will affect everyone equally, there is…
The government has today published several consultation documents and other documents on the future of the UK tax system in what it has termed "Tax Administration and Maintenance Day". The government has categorised its intentions as simplifying the tax system, tackling non-compliance, and ensuring the tax system remains fit for the modern world. As was…
Workplace bullying and harassment issues firmly back on the agenda
As an employer, you want to retain your valued staff amid staff shortages and mass resignations. Eliminate a potential source of claims by eliminating workplace bullying. Make it a priority for 2022 to deal effectively with complaints about workplace bullying. Tackling workplace bullying and harassment issues should be a top priority for your organisation. Not…