Posts by Julia

Changes to Probate Following the Autumn Budget (Click here for more) the government is investing £1 billion in order to upgrade and modernise the current archaic Courts system so that it functions better for all parties involved whether it be someone from the legal or indeed accountancy profession or litigants. The aim is to offer…

Why you should use an accountant for probate With the changes to legislation having come into force allowing accountants with the required probate qualifications to practice it, many are left with the question should I use an accountant in place of a solicitor? The primary and perhaps most convincing point is cost. Solicitors often operate…

CGT fees on residential property An interesting development in the area of Capital Gains Tax is the proposed introduction in the Finance Bill 2019. The Bill will implement a requirement for UK residents to pay CGT upon selling residential properties within 30 days of sale where there is a liability. For non-UK residents selling residential…

Autumn Budget 2018 This was a budget that is poorly timed given the substantial changes that could unfold before the spring statement, so much so that the chancellor suggested he may revert to a full budget in the spring should circumstances demand. As usual I will not repeat the more mundane aspects of the budget…

Wills – Registration The drafting of a Will is not something that anyone approaches with enthusiasm. However for anyone with assets above the £325,000 Inheritance Tax Exemption and for those with anything other than a simple family structure it is essential. I would encourage everyone to draft a Will, store it securely and provide copies…

Making Tax Digital On 13/07/18 HMRC published what we believe will be the final details for the introduction of Making Tax Digital (MTD) on 05/04/19. There have been numerous drafts and rule changes since this was announced by Chancellor George Osborne in his Summer Budget of 2015. It was initially envisaged that these rules would…

The Spring Statement 2018 Phillip Hammond has commented that he was feeling positively ‘Tiggerlike’ after stating that the economy has grown for five consecutive years. GDP growth is to be forecasted at 1.5% in 2018 which is a rise from the previous 1.4%. Borrowing has fallen three quarters since 2010, with OBR reports stating that…

How we are adapting to cope with GDPR Bolton & Co already complies with the current data protection laws (as set out in the Data Protection Act 1998), however, GDPR demands higher security over any personal data held. Bolton & Co have already set out their GDPR strategy way ahead of the May 2018 deadline…

Why you should choose a Chartered Accountant Any individual can call themselves an Accountant, but to be a Chartered Accountant, a series of challenging exams, including finance management, business strategy, auditing, and tax, must be passed before becoming a professional member of the ICAEW, whom then regulate those Chartered Accountants to ensure a consistently high…