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Archive for June, 2019

Colwey Holmes Accountants are looking for a new Practice Accounts Assistant to join the busy Team

Due to continued growth in business, we are currently looking for a new Practice Accounts Assistant to join our busy team. Sounds interesting? Please click on the following link to view the details and requirements: https://www.cowleyholmes.co.uk/become/join_the_team.php  

Claiming of Pre-trading expenditure when using the Flat Rate Scheme

My client is about to register for VAT and wants to use the flat rate scheme as she meets the conditions and it would be beneficial to her. However, her intention is to register for normal VAT initially, in order to recover pre-registration input tax, and then after the first return has been filed, switch[…] Read more »

Tax on inherited property subsequently sold

I inherited my late father’s house in March 2018, which I subsequently sold in December the same year. I have never lived in the house. The total value of my father’s estate is less than £175,000. Will I have to pay tax on the proceeds of the sale? For tax purposes you will inherit the[…] Read more »

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