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accountants & business advisers

Insights

The Basis Period Reform is quickly approaching

As part of HMRC’s Making Tax Digital ‘MTD’ project, from the 2024/25 tax year, self-employed individuals and partnerships will have to use the tax year (6 April to 5 April) as their basis period. Even though MTD is being delayed, HMRC are pushing ahead with the basis period reform to provide taxpayers two more years to adjust to the tax year basis before getting to grips with the MTD income tax self-assessment.

March 27, 2023

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What does the Spring Budget mean for VAT?

The announcement of the freezing of the VAT registration threshold for a further two years from April 2024 (until 2026) means that more small businesses and entrepreneurs will be sucked into the world of VAT. It means that the VAT threshold will not have moved for 9 years, leading to additional tax compliance costs for some entities that can ill afford those costs.

March 16, 2023

Spring Budget Summary 2023

On March 15 Chancellor Jeremy Hunt presented his ‘Budget for Growth’, amid a backdrop of industrial action, inflation and a cost-of-living-crisis. The changes outlined yesterday focused on boosting the UK’s economic growth with inflation continuing to fall.

March 16, 2023

Shaw Gibbs appoint John Williams as Chief Financial Officer

Shaw Gibbs, a leading UK accountancy firm, is delighted to announce the appointment of John Williams as its new Chief Financial Officer (CFO).

March 13, 2023

Take the eye-roll out of Payroll

Payroll is the business’s biggest cost and ensuring your employee are paid on time and accurately is extremely important. As a payroll professional with over 20 years under my belt, here are the top four ‘eye-roll’s’ my clients experience.

March 8, 2023

Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) delayed and threshold increased

The move towards a digital tax system was first announced in the 2015 Budget, with a timeline said to be implemented from April 2018. Several changes to the implementation timeline have been made since 2015, most recently in December 2022.

March 3, 2023

Shaw Gibbs adds defibrillator to office in Summertown

Shaw Gibbs have taken the decision to ensure the safety and wellbeing of employees and the local community by adding a defibrillator to its office in Summertown, Oxford.

February 27, 2023

Shaw Gibbs forms its first ESG committee

Accountancy firm Shaw Gibbs has formed its first Environmental, Social and Governance (ESG) advisory committee.

January 4, 2023

VAT new penalty system: The GOOD, the BAD, and the UGLY

For those that aren’t already aware, the system for levying penalties on late VAT returns and late payments is changing in 2023.

January 3, 2023

Don’t miss the self assessment filing deadline!

The deadline for completing your paper tax return has passed, but there is still time to submit your tax return online and avoid a penalty.

December 14, 2022

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited
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