Blogs & Insights

The big business trends of 2020 are set to revolve around technology, mental health and the environment. As we head further into 2020, businesses will have to adapt in a world that places more emphasis on sustainable business practices. Firms that take care of their employees’ physical and mental health will attract more people. Technology […]

A detailed breakdown of a Director’s Loan Account (DLA), including dates, is now required. This comes after a judge agreed with HRMC in a recent tax tribunal case.   The significance is that where the loan account is overdrawn (debit balance) there may be a possible P11d benefit on the director and also a tax […]

Making Tax Digital Your accounting systems must have digital links in place for VAT periods starting on or after 1 April 2020 (or 1 October 2020 for deferred businesses). This should be for the transfer or exchange of data between software programs, products or applications used as functional compatible software. Applications should be submitted as […]

The Office of Tax Simplification (OTS) have undertaken a detailed review of Inheritance Tax (IHT), which is perceived by many as a complicated tax. The government normally takes account of OTS recommendations and their report is likely to lead to future changes to the rules. We will keep you posted as the changes may necessitate […]

Leading audit and assurance provider, Assure UK worked with Workers Pension Trust on the Systems and Processes and Fit and Proper Person Checks to successfully obtain Master Trust Authorisation on 27 August 2019 by The Pensions Regulator (TPR). Workers Pension Trust brings the number of authorised schemes in the market to 20 and is the […]

After many years of dithering and sabre rattling HMRC finally started to enforce the off-payroll working rules (commonly known as IR35) for the public sector in 2017. Now those same rules are about to be applied to medium sized and large businesses from April 2020. IR35 was introduced in 1999 initially to curb the proliferation […]

Assure UK has launched a sister company Progress Accountants, to meet clients cloud accounting needs and help them comply with Making Tax Digital regulations. Based in North Oxfordshire, Progress Accountants is not your average accountancy practice, it is here to reinvent accountancy, making business life for clients a little more enjoyable. From simply helping to […]

Last year HMRC carried out a review of rent a room relief that was introduced in 1992 to offer a wider range of low cost rented accommodation. It was proposed that the availability of this generous relief would be restricted to situations where the taxpayer was resident for at least part of the time when […]

Assure UK, Banbury based audit and assurance provider is celebrating success having won the Apprenticeship and Training award at the Cherwell Business Awards 2019. Now in its 8th year, the Cherwell Business Awards aim to bring the business community together in the Cherwell district to celebrate hard work and excellence and showcase true success stories. […]

Practical knowledge of the 2013 COSO Internal Control – Integrated Framework (the Framework) is needed for pension scheme entities wanting to demonstrate to the Pensions Regulator (TPR) and stakeholders that it is taking the EU Directive IORP II on internal controls seriously. COSO (Committee of Sponsoring Organizations of the Treadway Commission) is a US business […]