Cottons Library

VAT on Disbursements – important notice for all conveyancing solicitors

VAT on Disbursements – important notice for all conveyancing solicitors

You may already be aware of the recent first-tier tribunal case involving Brabners LLP, in which the firm lost their appeal against an assessment from HMRC for Output VAT not collected on recharged local authority search fees.
Cottons Chartered Accountants November News

Cottons Chartered Accountants November News

It’s been another busy month here at Cottons! The company is buzzing with new vacancies, new technologies and new clients. Here’s what’s been going on in detail…
Updates to Tax Free Childcare

Updates to Tax Free Childcare

If you pay for registered childcare, then you might be already using or be eligible to apply for childcare vouchers, but the world of tax-free childcare is undergoing its most significant change since they were first introduced into the tax system back in 1989.
Best Way to Pay Yourself from Your Ltd Company

Best Way to Pay Yourself from Your Ltd Company

Directors can pay themselves from their limited companies either in the form of dividends or salary but following changes in 2016/17 to the treatment of dividends, they now need to give a bit more upfront consideration and attention to which they pick so that they are able to remunerate themselves within the most tax efficient […]
Autumn Budget 2017: Key Announcements

Autumn Budget 2017: Key Announcements

After much speculation around what will be announced the Chancellor delivered his Autumn Budget to Parliament on 22nd November 2017. Here is an overview of the key announcements.
Tide: The Bank Account for Consultants and Freelancers

Tide: The Bank Account for Consultants and Freelancers

Sometimes it feels like high street banks don’t care too much about small businesses, consultants or freelancers. However, here at Cottons we do! And we’re always on the hunt to helpful solutions that will help our clients manage their money in a simple, more efficient way.
Will Smart Rejoins Cottons as Partner

Will Smart Rejoins Cottons as Partner

We’re proud to welcome back Will Smart! Will is returning to Cottons as a partner and will be based at the Northampton branch.
Pensions: Updates to Auto-Enrolment

Pensions: Updates to Auto-Enrolment

Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it; this is called ‘automatic enrolment’, or more commonly, ‘auto-enrolment’. If you employ at least one person, then you are an employer and you have certain legal duties in line with this legislation.
The Cottons’ Pack Tackle The Wolf Run

The Cottons’ Pack Tackle The Wolf Run

On a chilly November morning ten of our bravest (or craziest…) employees took on the elements as they tackled the Winter Wolf Run; one of the toughest obstacle course races Britain has to offer.
Self-Assessment Deadlines Are Changing

Self-Assessment Deadlines Are Changing

Self Assessment – New Payment Deadlines HMRC recently announced new payment deadlines for anyone paying their Self Assessment tax liability.
How to Hire and Pay Seasonal Workers

How to Hire and Pay Seasonal Workers

The final quarter of the calendar is packed with events and increased demands which subsequently cause many employers to require seasonal staff in addition to their usual workforce. Seasonal workers are often employed on a short-term basis tasked with fulfilling their duties in a small window of time, this means that the way they are paid […]

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