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US expats in the UK at risk of having bank accounts frozen

British citizens who were born in the US face having their bank accounts frozen due to a Catch-22 in the American tax system, according to a recent report in the Guardian. The newspaper reported that there are potentially tens of thousands of people born in the US but...

Is it time for laws to be imposed on crypto currency?

Some of the most desirable features of cryptocurrencies - their anonymity and lack of regulation - are also some of the biggest risks for investors and the loudest alarm bells for governments around the world. Cryptocurrency: The volatile investment There are many...

How do new GP contract payments affect practices?

The new rates of global sum and GP contract payments published by NHS England earlier this year have different implications for healthcare accounting for practices in different parts of the country. When the new payment rates were published, GPonline had a pair of...

Facebook announces global coin ‘Libra’ for 2020

An official announcement by the Libra Association has ended speculation over whether Facebook will introduce a global coin - a universal digital currency - under that name in early 2020. In its announcement the Libra Association, which includes Facebook among its...

New rules to lift inheritance tax on £1m estates

Married couples and civil partners will soon be able to inherit up to £1 million tax-free under new rules that allow you to avoid inheritance tax on larger estates. Under changes introduced for the 2019-20 tax year, you can avoid IHT on estates up to £950,000, but...

How to minimise stress when going through a company liquidation

April is Stress Awareness Month and if you're going through a company liquidation or on the brink of insolvency proceedings, it's likely to be a stressful time. However, you are not alone - in 2018, there were over 16,000 company insolvencies in the UK, up 10% over...

How will Dental Contract Reform affect the way dentists are paid?

NHS England's Dental Contract Reform programme is due to extend to include around 120 dental practices by the end of the 2018-19 financial year, as part of ongoing efforts that could change the way dentists are paid for the work they do. What changes can dentists...

What you need to know about the charge on disguised remuneration loans

Last months Valentine's Day brought with it updated guidance from HMRC relating to the disguised remuneration charge on loans, a tax avoidance measure used in the past to refrain from paying Income Tax and National Insurance contributions. Disguised remuneration loans...

Cryptocurrency tax update – What changed in 2018?

With a new year underway, it's a good time for a cryptocurrency tax update as we look at the current rules that apply to 'virtual' currencies like Bitcoin, Ethereum, Zcash and Ripple. In recent years these have been seen by many as a good way to gain considerable...

Making Tax Digital for VAT – April 1st introduction approaches

We are fast approaching the introduction of Making Tax Digital for VAT, which will apply to the first VAT return filed by businesses after April 1st 2019. It's important to be ready for this. You may need to make considerable changes to your accounting processes in...

Accountancy services for start-ups and young businesses in Manchester

Crawfords' accountancy services for start-ups and young businesses in Manchester and across the North West can help the region's fledgling firms to make the best possible start, while contributing significantly to the region's local economy. Start-up growth in the...

Unleash your finances with cloud accounting

Cloud accounting is the solution if you have always found the administrative burden of keeping on top of your accounts too much to bear - and it can also make it easier to give your accountant the information they need to file your tax returns and complete other...

UK businesses at risk of insolvency due to Brexit

UK businesses on balance expect negative economic impacts to arise from the Brexit process, according to a recent Bank of England survey, hinting at an increased risk of corporate insolvency in the years to come. The Financial Repercussions of Brexit on UK Businesses...

Are HMRC still Making Tax Digital?

For businesses and self-employed individuals alike, the announcement of HMRC's Making Tax Digital initiative was a cause of concern more than it was one of confidence. Under the proposals, filing your tax returns would transition to a more digital process, giving you...

Insolvency in the holiday and hospitality sector

The start of 2018 has been a difficult time for company insolvency in the holiday and hospitality sector, as operators continue to face a pound that is much weaker than in previous years. Brexit and the strength of the pound Following the EU Referendum on June 23rd...

Business insolvency risks as ‘Beaster’ weekend hits retailers

Following an unsettled start to 2018, many retailers may have been pinning their hopes on the early Easter weekend to help them allay any fears of business insolvency heading into the new financial year. Drop in non-food retailers Before the bank holiday weekend...

Are you springing into personal insolvency?

Most of us welcome the longer daylight hours of springtime after a dark winter, but for some it raises the threat of personal insolvency, with more hours in the day to pay for. Longer days may increase reliance on credit Research by credit report provider Noddle shows...

Cryptocurrency Tax Implications

Cryptocurrency and the tax implications surrounding it Cryptocurrency is one of the big buzz words continuing from 2017 into 2018, with Bitcoin the most widely known; however, with nearly 50 active cryptocurrencies listed on Wikipedia alone, and more 'official'...