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Macalvins is the modern face of what Chartered Accountants should be. By developing strong personal relationships with our clients we deliver first class, practical solutions and strategic advice to help business owners thrive.

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Need to raise finance for your business? Here’s what you need to know

If your business needs additional finance, it can be difficult to know which option is the most appropriate for your needs. Being able to access the right sort of finance ...

Good news for charities as HMRC relaxes digital VAT rules

HM Revenue & Customs has relaxed the rules and regulations relating to Making Tax Digital for fundraising events. Under usual reporting conditions, a charity fundraising event would normally include a ...

Report reveals lack of awareness regarding charity gifting rules for IHT

A new report published by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS) has revealed a worrying lack of awareness about the Inheritance Tax ...

EIS and SEIS tax relief funding passes £2.1 billion

A rise over the course of the 2017-18 tax year has seen funding for the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) tax reliefs pass the £2.1billion ...

Making Tax Digital – the next steps

Making Tax Digital (MTD) for VAT was launched in April 2019. As a result, hundreds of thousands of VAT-registered businesses above the VAT threshold of £85,000 are now digitally recording ...

UK agrees Free Trade Agreement with South Korea

The UK has agreed a Free Trade Agreement (FTA) with South Korea which ensures the continuation of free trade post-Brexit. Discussions formally came to a close as the International Trade ...

UK tech sector leads in Europe

The UK tech sector had produced 13 new ‘unicorn’ companies over the past 12 months, a new study has revealed. The finding forms part of technology entrepreneur network Tech Nation’s ...

Top 20 economies set to sign new global digital tax, according to reports

The world’s top economies are set to sign an agreement that would see the largest technology firms taxed based on where they generate revenue, rather than where they are headquartered. ...

Holiday let landlords next to trial MTD

HM Revenue and Customs (HMRC) has written to landlords with furnished holiday lets and invited them to take part in trials of its new Making Tax Digital (MTD) system. Moreover, ...

439,000 workers illegally paid in last financial year

Recent research from the Low Pay Commission has found that more people than ever are being underpaid, and staff are more likely to report their bosses to HMRC for it ...

Demand for British goods and services at “unprecedented levels”

More British goods and services were sold overseas in 2018-19 than any other year, new figures have revealed. The data, published by the Office for National Statistics (ONS), shows that ...

Compliance is pivotal for cross-border companies

Compliance is a key component of any business, but it is even more vital in businesses with cross-border relations. Geographically, the world is still a large place and the UK ...

UK manufacturing exports drop in April

UK manufacturing exports dropped in April, with orders from international clients slowing. The figures from IHS Markit and the Chartered Institute of Procurement and Supply show that UK manufacturers’ exports ...

UK businesses see an international demand for British goods

The Office of National Statistics (ONS) released data confirming demand for UK goods and services is growing across the globe, with exports to India increasing at the fastest rate amongst ...

Businesses get to grips with rise in employment costs

Employers across the UK were faced with sudden increases in employment costs last month, following a rise in workplace pension contributions and minimum wage costs. The sharp increase in expenditure ...

The P11D deadline will soon be here – are you ready?

As a business owner, you may provide benefits in kind or non-exempt expenses, to some or all of your employees. If so, you need to be aware of the annual ...

Invoice fraud costs UK firms £93 million last year

A recent survey has revealed that more than four in 10 UK businesses are unaware of the potential risks associated with invoice fraud. Last year these scams cost UK firms ...

TV presenter wins important IR35 appeal

TV presenter, Lorraine Kelly, has won an appeal against HM Revenue & Customs (HMRC) at a First Tier Tribunal (FTT) following a £1.2 million demand for unpaid income tax and ...

Is your business registered for Making Tax Digital yet?

Launched on 1 April 2019, most VAT registered businesses are now required to comply with the new Making Tax Digital for VAT regime. However, many businesses may still not be ...

British Business Bank to replace European funding function

More than £200 million in funding has been put aside for British businesses as the UK prepares to leave the EU. Announcing the move, the Exchequer Secretary, Robert Jenrick, said ...

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