01743 271071 tax@morganjones.co.uk
World’s oldest person tax scam

World’s oldest person tax scam

World’s oldest person tax scam In the news recently was a report that researchers have uncovered evidence which suggests that the woman registered as the world’s oldest person may actually have been her daughter, who assumed her identity to avoid paying inheritance...
Schrödinger’s Trustees

Schrödinger’s Trustees

Taxes Management Act 1970 These days organising a family trust, whether it’s to benefit children/grandchildren or to legally move assets so they can’t be grabbed by the Local Authority to pay for nursing home fees; more and more individuals are setting them up. In...
What to buy an accountant for Christmas

What to buy an accountant for Christmas

The office Christmas tree is up, the receptionist is wearing one of those tacky yuletide knitted sweaters and Mike from IT has already eaten all 24 of his advent calendar chocolates. But help is at hand! I’ve put together a one or two potential stocking fillers for...
HOW YOU CAN PAY TAX STRESS FREE

HOW YOU CAN PAY TAX STRESS FREE

As thesaying goes, the only certainties in life are death and taxes; so how can payingtaxes be stress free? You can, just leave it to your accountant The foolproof approach to preparing Your Tax Return The 31st January deadline is fast approaching and you’ve decided...
Check Your State Pension Forecast

Check Your State Pension Forecast

Individuals who reach the state pension age on or after 6th April 2016 Entitlement to the state pension is contingent on having sufficient “qualifying years”. These are tax years for which you have a paid a minimum level of NIC or received NIC credits. Individuals who...
Tax was due on UKIP donations

Tax was due on UKIP donations

This was a case in which arch brexiteer Arron Banks sought to use the European convention on human rights to argue that Inheritance Tax (IHT) charged on gifts he made to the UK Independence Party (UKIP) amounted to a breach of his human rights.Gifts or donations made...
Charitable giving may be vatable

Charitable giving may be vatable

I recently became involved with a situation where HMRC demanded output tax on donations received by a charity. I found this strange, as donations are generally outside the scope of VAT because the money received does not relate to the supply of goods or services. The...
Accountant’s Amusing anecdotes from the trenches!

Accountant’s Amusing anecdotes from the trenches!

Now that I am officially semi-retired (I have every Wednesday off and extra holidays), my thoughts turned to some of the more amusing experiences from my life as an accountant, some of which I will share with you today: Jeremy Corbyn admirer What would they do without...