Feb 18 – Reclaiming CIS Tax

If your company is registered under the construction industry scheme (CIS) as a sub-contractor, it will generally have CIS tax deducted from the payments it receives from large contractor companies. There are two ways to get your hands on this withheld CIS tax: as a ...
Find out more

Feb 18 – Check the Value

Tax is complicated, and sometimes it isn’t obvious what amounts you should report on your tax return. For example, if you give away a property or shares, how do you determine whether you have to pay Capital Gains Tax (CGT) tax on that gift or ...
Find out more

Jan 18 – The Stockport Business Awards – The Highly Commended

THE STOCKPORT BUSINESS AWARDS - THE HIGHLY COMMENDED The highly prestigious Stockport Business Awards took place last October and received hundreds of applications from businesses in the Stockport Borough. Chartered accountants, Clarke Nicklin, who are the organisers, founders, and main sponsors of the event, held ...
Find out more

Jan 18 – Why Your PAYE Code May Be Wrong

HMRC has upgraded its computer system to react quickly to changes in taxpayers’ pay and benefits reported through the payroll. We can help you check whether your PAYE code has been amended to deduct more tax than you should be paying. Another bug in the ...
Find out more

Jan 18 – Why Your Tax Computation May Be Wrong

Where your main income is taxed under PAYE, you may not be asked to complete a tax return each year. Instead, the HMRC computer automatically compares all the reports of your income made by employers and banks, and if you have under or over-paid tax ...
Find out more

Jan 18 – R&D Claims Can Be Amended

Research and development (R&D) tax relief allows small and medium-sized companies to claim a tax deduction for 230% of their qualifying R&D costs, but they must show how the total of relevant costs was arrived at. This total of costs claimed can include the salaries ...
Find out more

Jan 18 – When You Wish Upon a Star

Last year the team at Clarke Nicklin worked hard on fundraising for the childrens charity, When you Wish Upon a Star. From dressing up, fun runs and bake offs, the team raised over £300 for this amazing charity. When You Wish Upon a Star has ...
Find out more

Jan 18 – New Marketing Manager for Clarke Nicklin

Laura Frost joins Clarke Nicklin as our new marketing manager and takes over from Chelsea Maher as she leaves to pursue her travelling dream after nine years with the business. Laura Frost will now head up our marketing department and will be the main contact ...
Find out more

Dec 17 – Zero is a Number for VAT

VAT is charged at three rates in the UK: 20%, 5% and 0%; so zero is definitely a number for VAT. However, zero-rated sales should not be confused with VAT-exempt sales. Sales which are zero-rated must be included within your business turnover that counts towards ...
Find out more

Nov 17 – VAT Agreements

The VAT rules are relatively easy to operate on a day-to-day basis, if all your income is business related and all your sales are subject to VAT. You can reclaim all the VAT incurred on your purchases, and you don’t have to worry about apportioning ...
Find out more

Oct 17 – Sparkling Night at Stockport Business Awards

Stockport Business Awards 2017 took place at Stockport Town Hall last night and 400 people turned out to celebrate the achievements of the town’s best businesses. The awards were set up by Clarke Nicklin Chartered Accountants back in 2012 and have grown year on year ...
Find out more

Sep 17 – VAT and Second-hand Goods

If your business deals in second-hand goods, it can use a concession that significantly reduces your VAT payments compared to normal VAT accounting. Using this concession you account for the VAT on its profit margin on the second-hand goods, rather than on the full sales ...
Find out more