Sajid Javid confirms next Budget will be held on Wednesday 11th March 2020.

The Chancellor of the Exchequer, Sajid Javid, announced that The Budget will take place on Wednesday 11 March 2020. The Chancellor of the Exchequer, Sajid Javid, said: “People across the country have told us that they want change. We’ve listened and will now deliver.” “With this Budget we will unleash Britain’s potential – uniting our...

Tax Investigation Protection 2020

In the past, HMRC’s role was to ensure that you or your business paid the right amount of tax. However, in recent times its key objective has changed to maximise the amount of revenue it can collect from taxpayers.   This will be achieved by increasing the number of compliance checks, enquiries and investigations it...

ADVISORY FUEL RATE FOR JANUARY 2020

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2019. Where there has been a change the previous rate is shown in brackets.     Note that for hybrid cars you must use the petrol or diesel rate.   You can continue to use the previous rates...

NEW YEAR’S RESOLUTIONS TO SAVE TAX

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. What new year’s resolutions to save tax should you make?   An obvious tax planning point would be to maximise your ISA...

DO YOU NEED A DESK FOR EVERYONE IN YOUR OFFICE ?

Office space is expensive. Do you really need to have a dedicated desk for each and every employee? Recent years have brought a lot of changes to the office environment, particularly as technology develops and the next generation of employees has come through to management. This new generation of managers brings new thinking about the...

REDUCE DEBTOR DAYS TO IMPROVE CASH FLOW

  Cash flow is king in any business. Yet cash flow is one of the areas that many businesses struggle to manage. Customers are reluctant to part with their money, even if it’s to pay for your goods or services. As such, it can take a while for them to pay their invoices; but how...

AVOIDING BURNOUT

Is anyone thinking about avoiding burnout ? In today’s “always-on” society, business owners and managers are under more pressure than ever. Stress related workplace burnout is now recognised by the World Health Organisation (WHO) as an official medical diagnosis. Here are some tips to help to avoid burnout.   Manage your time It’s impossible to...

MANAGING A REDUNDANCY PROCESS

  In the current economic climate, it is increasingly likely that at some stage, you could be managing a redundancy process. In today’s uncertain business climate many firms face the possibility of having to reduce their operating costs. This means that many managers will find themselves managing a redundancy process. Apart from being an unpleasant...

Buy-to-Let vs. Furnished Holiday Let

In this article we examine changes for Buy-to-let Landlords, tax advantages of investing in holiday homes and business owner John Harrison shares his experiences of running Furnished Holiday Lets; including his top tips.    In April 2017 new provisions took affect which saw tax relief for finance costs on residential properties being gradually restricted over...

Let us tell you about a client of ours…

Millennials… They want a Trophy for showing up! We’re not really fans of sweeping generalisations here at Rawcliffe’s. We’re all unique and have a story. So, let us tell you about a client of ours called Bretton Lord, who also appreciates uniqueness and things with a story and, more importantly, a history. Bretton’s life so...