News & Blog

The latest press releases and opinion from Bishop Fleming

Making Tax Digital for business

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Following the 2017 Spring Budget it has been confirmed that Making Tax Digital, the most radical change in the tax system for over 20 years, will proceed as planned, but with a delay of a…

Digital tax reporting from April 2018

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The government has announced that digital tax reporting for unincorporated businesses and landlords will start in April 2018, despite calls for it to be delayed. But there will be relaxations from what had originally been planned.…

FRS 102: Small companies called to account

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For accounting periods starting on or after 1 January 2016, small companies face radical reforms to the presentation of their financial reports under Financial Reporting Standard 102 (FRS 102) Section 1A. Therefore a company with…

Digital questions for charities

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The Charity Commission has published guidance for charities wishing to embrace digital technology. Through a series of 12 questions that a charity’s board can ask itself, the guidance is meant to help trustees decide on…

Landlords face new tax threat from local authorities

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Buy-to-let landlords who rent out their properties to students could face new charges from local authorities keen to raise revenue. Liverpool council is looking into ways of making private student landlords pay business rates on their…

The Future of Tax is Digital

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From 2018 onwards, small businesses, the self-employed and landlords with an annual income of £10,000 or more will have to keep digital accounting records using software or apps and file quarterly accounts with HM Revenue…

Charities face decline in public trust

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The Charity Commission has published a study showing a decline in public trust and confidence in Charities. Key Findings The overall level of trust and confidence in charities has fallen to 5.7 out of 10. This is a…

Charities must follow fundraising code

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Charities are being reminded of the need to follow the fundraising code when approaching the public for donations. The Fundraising Standards Board (FRSB) has found an animal welfare charity to be in breach of the…

Bishop Fleming launches new product Accounting Solutions

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Well ahead of the Governments major shake-up in filing of tax returns, Bishop Fleming has launched a new cloud accounting solution aimed at ambitious owner managed businesses who are keen to rid themselves of the…

Tax amnesty for second incomes

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The tax office is offering individuals a tax amnesty where they come forward and communicate previously undisclosed second incomes, in return for reduced penalties. Where a disclosure application is made to HM Revenue & Customs (HMRC), there is then a…