JVCA

Help and support

Accountants replace bank managers

‘New school’ accountants have replaced ‘old school’ bank managers for small businesses

Who do SMEs turn to for business, personal, and financial advice? Over recent years, banks have traded mortar and bricks for website and clicks; they have digitised in an attempt to evolve, but this has come at the expense of service. Long gone is the bank manager/relationship manager role, at least for smaller businesses, so who do they turn to now to fill this gap? Long story short, it is your accountant that can give you this and more.

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Flowchart for Capital Gains Tax Disposals

There can be some confusion over whether the 60-day CGT reporting rule applies in your particular circumstances. I’ve put together this flow chart, which should help you find your path through the fog…

This might come under the heading of boring but important information – because if you sell a property in the UK then you may well have to do a special UK Property Tax Return within 60 days of the sale. and pay any relevant tax at the same time!
Everybody who sells a second house needs to be aware of this!

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