VAT can get very complicated when there are three parties involved in a transaction, particulary in the creative sector. Our guide to untangle the issues, with the help of some case study examples.
Changes in tax relief, particularly for buy-to-let landlords, have pushed up average rental prices in England and Wales according to new research.
A new Residence Nil-rate Tax Band has been introduced to help reduce the inheritance tax owed on larger properties. But not everyone is a winner. Our Guide explains the ups and downs of family properties and IHT.
From Dynamic Coding and Auto-Enrolment, to late payment penalties and student loan deductions, this Guide offers some simple advice on overcoming basic employment payroll issues.
Companies accepting large cash payments are being targeted by HMRC and need to register as 'High Value Dealers'.
It's never too early to start planning your retirement and never too late to be saving. This Guide offers decade-by-decade help on savings, tax and budgeting for your retirement day and beyond.
The government has now announced its revised Making Tax Digital timetable. So here's NWN's Guide on what to do next.
The Government has had a re-think about its plans to introduce the Making Tax Digital programme, giving businesses more time to plan for online tax reporting.
The rules on reporting PSCs have changed, with new deadlines and requirements from Companies House.
What combination of salary and dividend is the most tax efficient for 2017/18?
May 2018 sees the introduction of amended regulations for companies processing and storing personal data of any individual living in the European Union. Non-compliance could mean heavy fines.
Capital Gains Tax is currently a political hot potato. But there are personal and business tax reliefs available on CGT - at least for now. Find out the details with this Unexpectedly Simple Guide to CGT Planning.
It’s well known that ISAs allow individuals to save money free of income and capital gains tax. But the tax rules are surprisingly misunderstood, according to recent research, so NWN offers some help.
The rules have changed for contractors working in the public sector may no longer need IR35 status.
Investing in small companies can provide tax benefits for investors and help boost the growth of UK businesses. It also comes with a feel-good factor.
With the gender pay gap at an all-time low, new rules now means larger companies will have to publish details of pay differences between the sexes.
Enhance the lifeblood of your business with our clear Guide to Improving Cashflow - from management to forecasting.
The National Living Wage has been increased along with the introduction of the New Minimum Wage for under-25s.
From pension contributions to mobile phones and company cars, this Guide offers clear explanations regarding the tax implications of accepting common employee benefits.
After the 2017 Spring Budget, NWN offers an easy to download card of the latest tax rates, including Income Tax, CGT, VAT, vehicle benefits, stamp duty and a whole lot more.
tax relief is available to small businesses in the science and tech sectors to boost research and development. Our Guide explains the basics.
From April 2017 certain businesses signed-up to the VAT Flat Rate may find the scheme less beneficial. We explain the latest changes and which businesses might, or might not, benefit.
For the last ever Spring Budget, the Chancellor decided to address the apparent tax gap between employed and self-employed through NI contributions, as well as ironing out some VAT wrinkles and reducing the dividend threshold for Company Directors and owners of shares.
Owning a property, other than your home, can incur tax on any income from rental or sales. This guide explains how property income tax is calculated and reliefs and allowances available.
Inheritance Tax comes with a Residence Nil-Rate Band (RNBR). Trying to understand this form of tax at a difficult time is not always easy. NWN's Guide offers some comforting help.
Two new changes are set to be introduced in April 2017 - on property revaluation and Small Business rate relief.
With 2017 heralding the final staging dates for businesses not already signed-up to Auto Enrolment, the latest government figures show the scale of investment that's making a difference to employees.
Make filling in your tax return a breeze and not a storm. Our Guide to Self-assessment covers the basics including five simple steps to completion.
From initial planning and market research, to understanding which type of business to set-up, keeping records and managing cashflow - NWNs Guide offers simple, basic advice on how to plan a new business and get it off to a secure start.
Chancellor Philip Hammond's first Autumn Statement will be his last...as it's scrapped in favour of a Spring Statement and a full Autumn Budget from 2017/18. The 2016 Statement focused on infrastructure, stimulating business productivity, housing, and R&D investment for the tech & digital sector.
Don't worry, be Appy. The new NWN Blue Squared App is stuffed full of useful tools, news and contacts so you can manage all your finances on the move.
With increasingly hefty business rate bills and very few successful appeals, the Government has introduced a new approach to the business rate appeals system
Companies House is getting tough on late filing of accounts and confirmation statements. Prosecution could mean a criminal record.
A clear guide on the main aspects of National Insurance for employers and employees
The new National Minimum Wage Rates come into effect on 1st October 2016. NWN has a helpful table of the latest rates.
The new apprenticeship levy could be good news for small businesses looking to boost their trainee workforce. The DoE has revealed the latest plans.
Research from our Partners at Xero shows that many small businesses spend as much as 10% of their days chasing payments. Help may be at hand.
Gains made on the sale of an asset may be subject to Capital Gains Tax (CGT). It can be a complicated business. NWN offers some Unexpectedly Simple advice in this easy to download guide.
Income security for employees is almost as important as the level of income itself, according to new research. An important message to employers in uncertain times.
Personal tax bill payments 'on account' are due at the end of July. NWN looks at ways to pay now and make life easier in the future.
With HMRC drivng hard to reduce the use of paper, NWN CEO Nick Lawrence puts the case for a change to digital accountancy software for businesses of all sizes.
Some £400m in pension savings are going unclaimed because people are losing track of the schemes they have been part of. Now the Government is offering free help to track down those extra retirement funds.
From June 2016, Companies House now expects most UK companies and charities to register People with Significant Control in the organisation. Do you know who they are? Howard Walters explains.
NWN's Natalie McGuigan has won the latest NWN B1G1 Award and has chosen to donate the money to a water charity.
Should your business set up a company car scheme? What schemes are available and what are the tax implications for employers and employees? Our Guide helps put the wheels in motion.
Competing for funds and maintaining public confidence includes submitting the right financial and management reports to the Charity Commission. NWN offers some basic tips on charity reporting requirements.
An Unexpectedly Simple Guide to Company Directors, how to appoint them and their roles and responsibilities.
Another Unexpectedly Useful Guide from NWN Blue Squared, on the subject of pension auto-enrolment for employers and employees.
Despite gloomy figures for the UK's overall growth, the Chancellor had plenty of encouragement for small business owners, younger savers and a boost to individual allowances. There was less encouraging news for those seeking tax avoidance opportunities.
Ahead of our full Budget Briefing, NWN offers its highlights from the 2016 Spring Budget.
From April 2016, the rules on taxing dividends change with the old Dividend Tax Credit being replaced by the new Dividend Allowance and a new tax structure. NWN gets to the heart of the matter with this Unexpectedly Simple Guide.
From 6th April 2016, there are new tax rules on taking company dividends as part of personal income. This could seriously affect companies and individuals.
Our Partners at Xero have come up with seven top tips on managing invoice payment terms. We're happy to share them.
The CEO scam has returned to our inboxes. This time it's clever and could cost businesses a great deal of money.
If the latest HMRC consultation is anything to go by, the already complicated issue of travel and subsistence expenses for temporary employees is about to get a whole lot more complicated in 2016.
If a client or supplier shows Festive cheer with a gift of money, make sure it isn't liable for tax!
Where businesses receive interest on refunds after a 'mistake of the law' by HMRC, there is still tax to pay...and that rate has just been increased!
NWN Blue Squared offers and easy-to-download briefing of the Chancellor's 2015 Autumn Statement and Spending Review.
The 2015 Autumn Statement and Spending Review revealed potential good long-term news for the economy as well as incentives for Apprenticeships and an extension of Small Business Rate Relief
HMRC is urging tech and other innovation-based SMEs to make the most of new R&D tax relief.
New EU laws mean less accountancy reporting for the UK's small and 'micro' businesses. But there are still some financial and legal hoops to jump through.
The carrier bag industry may be set to profit from the latest regulations, but will the UK's businesses be shopping around the UK for a competitive tax break?
NWN explains the complexities of Annual Tax on Enveloped Dwellings (ATED) in this simple, downloadable guide.
Annual Tax on Enveloped Buildings is a tax on UK residential property valued at more than £1 million owned by companies, partnerships or investment groups. However the way property is defined, used and valued is key.
NWN's Chris Penny's new shape ranks him the UK's Top 10 slimmers.
In her latest video, music superstar Rihanna threatened to chop up her accountant. Here's how to avoid a fatal relatshionship with your financial advisors
Useful guidance on when, and when not, to claim VAT on UK goods and services as well as international imports and products.
The National Minimum Wage is increasing on 1st October 2015 with a National Living Wage being introduced in April 2016
The 2015 Summer Budget included a number of important tax changes for rental property. NWN's Ed Niman looks at the implications for property owners.
With a majority government behind him, George Osborne reveals a Budget at a time of post-election reality.
The Chancellor of the Exchequer used the Summer Budget to confirm a new tax credit for orchestras to accompany the spring boosts to the TV, film and video games industries.
NWN sets the record straight on employee pension Auto-Enrolment (AE)
Nick Lawrence takes a rare opportunity to kick things up a gear for UK business in general and NWN in particular.
Leanne Collins is the latest NWN Team member to win the B1G1 Award. She's used it to help make a difference to the Nepal earthquake victims.
Guest writer, Will Machin, MD of Sunshine HQ explains how turning talent into money requires digital savvy and getting a 'business head' on.
How to avoid risky funding for creatives
HMRC is clamping down on late payroll reporting.
Employers' National Insurance contributions for employees aged under 21 have now been abolished
Creatives are tapping into the pop-up shop revolution, but how to make it pay?
The government is recognising the massive export value of the UK's creative industries. But touring requires some solid accounting planning before the bus rolls out.
The Place of Supply rules for sales of certain digital services to EU countries changed on 1 Jan 2015.
NWN's guide to the latest EU VAT regulations for sales of digital services to Europe and the VAT MOSS portal
Will George Osborne's Spring Budget prove to be a vote winner?
NWN has been awarded a B1G1 Certified Giver status in recognition of long-term and effective giving.
The scale of the UK's spending deficit left Mr Osborne little room for the kind of tax giveaways, but he still managed to produce a long list of measures. NWN Blue Squared offers an unexpectedly compact briefing.
Details proposals on tax spending are the main news in the Chancellor's last Autumn Statement before the 2015 election.
Some companies are specifically designated with a “Dormant” status by HMRC.
Amy Calvert has just been chosen for the B1G1 award for her outstanding attitude to work and the NWN team. She's pretty good at angling!
NWN staff raised plenty for Macmillan with a cake fest, followed by a haunting experience all round.
Important information about insolvency and removal of restrictions on NEST.
The alternative funding sector is offering some excellent targeted support for the music industry and it's a world away from cynical tax schemes.
Deadlines are arriving for small businesses to sign-up to pension auto-enrolment, but don't be pressured into a quick decision.
NWN explains the complexity of business entertainment for non-employees and how the creative sector in particular can come under the HMRC spotlight.
NWN's USG advises creatives on tax deductions
NWN's accountancy advice to the Music Industry has now been recognised at international level with an major Award.
Small businesses can really benefit from mentoring.
NWN's Chris Penny sheds more than weight, all in the name of charity
There are an increasing range of financing options available to SMEs. Ed Niman urges small business to look at innovative funding alternatives.
Danielle Mead has chosen to supply medical care for eight children for a year, as part of the B1G1 partnership.
Independent music trade body AIM has asked NWN to help its members to get to grips with the intricacies of new loan opportunities for the music industry.
There's good and bad news for SMEs with new Employment Allowance and Sick Pay tax changes effective from April 2014.
There are changes to Class 2 National Insurance contributions effective from 6th April.
Enhanced personal tax allowances, trusting pensioners with their own pensions, increased Annual Investment Allowances on plant and machinery and even good news for theater companies.
HMRC says interns should be paid the National Minimum Wage but there are economic consequences.
Nick Lawrence is now a guest blogger for AccountingWeb...but why?
A positive economic outlook, a buoyant music industry and some valuable lessons on networking are all part of the first Square View of 2014.
SMEs are finding the cost of running a business is rising but are not passing this on to their clients. Is there a solution?
VAT will be changing on fuel for return periods after 1st February
Barking and Dagenham College are working with SMEs to provide training for staff funded by the European Social Fund.
Generally a good news statement from the Chancellor with a boost for small businesses on the high street, the creative sector, young employees and a number of personal tax allowance enhancements.
NWN's Molly Grech turns £300 into £140,000 for clean drinking water in Malawi.
Auto-enrolment cannot be ignored and can actually make employers feel good about their business and their employees.
How the partnership between NWN and Xero became a showcase for talent and creativity.
How a celebration of digital and all things creative turned into a study of how accountancy is having to change, adapt and find its niche.
Payment terms in the construction industry are lengthening.
Being tenants in common can help you cut inheritance tax, avoid care home fees or protect your share.
The national minimum wage is set to change on 1st October 2013, but which employees are entitled to receive it?
Musicians at all levels can forge harmonious relationships with the corporate world and still keep their intellectual property safe.
HMRC to encourage and support the creation and growth of employee-owned companies.
A reduced reduced penalty incentive is being offered for late tax returns in a new HMRC campaign
Is the current buy-to-let boom all plain sailing for property investors?
Nick Lawrence talks about NWN's heart and soul and how it, and its clients, are making a real difference.
HMRC has offered SMEs a little leeway on RTI, but this is no time to relax.
The influence of technology is positive, both for accountants and their clients.
Companies can reduce the risk of tears over childcare costs with a bit of corporation tax relief from HMRC.
Keeping up to speed on changes in Inheritance Tax
HMRC begin move from 0845 to cheaper 03 numbers
On the up - economy, tax breaks for creative and construction industries and more digital innovation to make your accountancy quicker and easier.
Businesses claim accountants are out of touch when it comes to technology. NWN explains how the right technologies can help to grow business.
NWN explains the Construction Industry Scheme (CIS) and offers an unexpectedly useful compliance list for contractors.
As the dust settles from the Spring Budget, Stuart Harris takes a look at implications for the construction industry.
HMRC is closing enquiry centres but will its planned telephone service fit the bill?
Gloomy economic news from Chancellor George Osborne, but some glimmers of hope for the construction industry, SMEs and personal tax. Celebration but way of 1p off a pint of beer.
The benefits of working a four-day week could increase productivity for business.
Research sheds light on financial difficulties in the music industry.
Over 90% of the sales of interest rate swaps did not comply with regulatory requirements
HMRC will be unable to take RTI submissions before 6th April due to an IT overhaul.
SMEs need to specialise to survive in today's economic climate. It's all about finding your niche.
The HMRC's latest campaign means honesty is the best policy on undeclared tax liabilities
Auto-enrolment is taking time to implement and employers need to understand the options available.
Using pirated computer software can land a business with serious legal issues, but it's easy to lose track.
25% tax break for creative industry scheduled for March 2013 Budget
Chancellor's latest initiative give the construction sector and other industries a chance to maximise relief on plant and machinery
A new regime provides tax relief for innovative companies that hold patents.
Post-tax return email scams are back for another year
The world is shrinking as technology increases. Finding the balance between technology and the personal touch is important.
Some unexpectedly useful tips from NWN's HR expert on employee policies, social media and the digital world.
NWN takes some of the guesswork out of the latest HMRC Record Checks with a list of what to expect.
How to avoid the financial and legal mess of mixing corporate and personal funds.
Giants' low corporation tax could benefit independent businesses.
Chancellor George Osborne's Autumn Statement focuses on some help for businesses, individual and corporate tax changes, pension contributions and tax avoidance this year.
The FSA is telling investment firms to provide more realistic projected pension returns by 2014.
HMRC is introducing real time information (RTI) for PAYE reporting in April 2013. NWN offers some guidance on being prepared.
NWN tries its best to explain the latest charge on Child Benefit for high income earners.
HMRC record checks are back and it appears that they view the music and creative industries as an easy target. NWN offers some simple advice to avoid a recording nightmare.
Insolvency figures are dropping across the UK, but insolvency practitioners believe this trend may reverse in 2013. Ed Niman looks at ways of keeping businesses away from the insolvency trap.
Doom, gloom but a glimmer of hope. Nick Lawrence suggests some useful reading for SMEs and music festival organisers.
Even the 'Midas touch' of superstar Festival promoters may not be enough to save some high-profile events. Nick Lawrence discusses getting back to basics.
Kinetic Business Advice's Mark O'Neil looks at alternative financing for SMEs to generate working capital.
Recent changes to the minimum wage means more money for employees. A challenge in difficult times for sectors using casual labour or apprentices
NWN takes some time out to set Olympic-sized challenges for the team.
Dragons, Apprentice celebs...they're all in the latest DWP advert for pensions auto-enrolment.
The government has announced regulation changes which mean fewer SMEs will need to undertake audits. But is this really good for business?
Efficient though their systems may be, HMRC can still make mistakes with your tax.
Why NWN Blue Squared keeps banging on about early completion of tax returns
Pension-based funding could unlock a valuable source of finance for small businesses.
The latest workplace pensions reforms mean new duties for employers to auto-enrol employees, but the the extra admin could amount to the equivalent of an instant pay rise.
At what point do legality and morality become interchangeable? Apparently when tax schemes are being discussed.
HMRC has been sending out tax return reminders along with a leaflet asking whether you need to be providing a self-assessed return at all?
On 21st December 2012 insurance legislation will change to make men and women equal risks. Now is the time to check your life and sickness insurance cover.
HMRC has updated is definitions and rules on mobile phones to include the latest smartphones and their treatment for tax.
While SMEs' influence on the UK recession may be individually limited, an overall air of business confidence may help an upturn.
Cash is King! Yet many organisations view access to cash and maintaining cashflow as the biggest business challenge. Nick Lawrence offers some tips.
The £50k tax relief cap announced in the 2012 Spring Budget could have a profound affect on entrepreneurs as well as charities.
Tax, VAT and other inspections by HMRC can be sudden, disruptive, long and costly. NWN Blue Squared offers some help.
The Chancellor has vowed to clamp down on tax avoidance, but do companies and individuals really know the rights and wrongs of tax schemes.
NWN Blue Squared discusses HMRC's new online system for payroll submissions - compulsory from 2013.
As the P35 form nears retirement, companies still need to return it on time or face an HMRC fine.
More than 40% of the British population have only enough 'emergency' funds to survive for six months; nearly half have no savings at all, according to new research
A useful summary of the 2012 Spring Budget from NWN Blue Squared
NWN Blue Squared's Stuart Harris offers some practical advice for planning your financial Year End.
The new Carry Forward tax rule is good news for pension contributions, says Blue Squared Financial Services.
NWN Blue Squared Financial's Paul Jukes balances financial gloom with investment optimism, helped by Cazenove.
NBN Blue Squared's Nick Lawrence looks at the accountancy year ahead for 2012 and suggests an elixir for success.
From the smallest trader to the largest corporate, NWN Blue Squared offers five accountancy tips to protecting your business.
An increasing number of internet 'scams' are appearing in the guise of financial or government organisations. How do you avoid the trap?
The economic crisis has implications for the average UK resident and business. Blue Squared Financial Services offers some practical advice.
Virgin's acquisition of Northern Rock could bring a ray of sunshine to high street banking.
Financial & accounts record keeping can be unexpectedly easy if you follow some basic rules. NWN Blue Squared's guide shows you how.
A gloomy 2011 Chancellor's Autumn Statement offers some opportunities for SMEs, personal tax and accounting according the NWN Bulletin.
NWN Blue Squared provides an unexpectedly compact guide to the 2011 Autumn Statement and tax rate changes
NWN Blue Squared boosts its accountancy Practice Management Team to handle an expanding client portfolio.
Why mindset matters in business and accountancy during tough times.
We may grudge paying tax, but the UK's accounting systems will prevent a Greek tragedy.
What the 2011 Spring Budget means for you and your business