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New ‘Penalty Points’ System Proposed by HMRC

August 2016

Gavel hammer used in the justice system

HMRC has plans for a ‘penalty points’ system. Under these new plans, self-assessment tax return filers could face fines of up to triple the current maximum. The Government proposals were unveiled this week and if they come to fruition, it would mean the current £100 fine you currently get for missing the self-assessment deadline will […]

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How to Protect Your Business

August 2016

Business man wearing red boxing gloves

In difficult economic times, small businesses are usually the first to feel the strain. However, there are measures you can take to help protect your business. The best time to implement these measures is while trading is strong – prevention is better than a cure. Management accounts Accountants aren’t just there to help you comply […]

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Aston Shaw’s Miss Moneypiggy to Compete in the Great Yarmouth Duck Race 2016

August 2016

Aston Shaws Miss Moneypiggy ready to compete in Great Yarmouth duck race 2016

The Great Yarmouth ‘Annual Charity Duck Races’ are organised by the Great Yarmouth Haven Rotary Club. The races are all in aid of charity; the event raises money for many worthy causes, both local and international. This year will be the seventeenth consecutive year that the races will have taken place! Our duck is aptly […]

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Aston Shaw’s Brett Manning Shortlisted in the Practice Excellence Awards 2016

July 2016

Photo of Brett Manning, Accountant at Aston Shaw

We’re pleased to announce that Brett Manning, Assistant Client Manager at Aston Shaw has been shortlisted for the Practice Excellence Awards in the category: Trainee of the year. The Practice Excellence Awards seek to recognise and celebrate the very best within the accountancy profession. Only firms and individuals that perform at a level of excellence […]

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Aston Shaw Partner with Nwes to Offer Free Business Advice

July 2016

Smiling blonde female Aston Shaw employee

Local accountancy firm Aston Shaw are teaming up with leading national enterprise agency Nwes, to deliver free, impartial and confidential business advice sessions to any start-up companies seeking to get their business off the ground. Mark Noakes, Director, stated, “We want to drive forward local businesses in our area and give back to our community, […]

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How will Brexit affect UK Businesses?

July 2016

European stars on dark blue leather background

Britain is leaving the EU. It’s all you hear on the news, all you read in the papers and it’s currently all us Brits talk about. But with so much conflicting information out there, how can we possibly reach a conclusion as to exactly how this will impact us? Brexit campaigners will tell you that […]

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Post-Brexit Effect on UK Tax System

July 2016

Photo of Philip Hunt, Head of Tax at Aston Shaw

On Monday, we saw George Osborne announce that he would be looking to reduce Corporation tax rates, possibly to 15% (we don’t know when) to encourage businesses to stay in or move to the UK. This is clearly an effort to stabilise the economy from what I suspect he thinks will be turbulent times. He […]

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The Impact of Brexit on VAT

July 2016

Photo of David Fiddy, Head of VAT at Aston Shaw

I have been surprised by the number of people that I meet who are not aware that VAT is a wholly European sales tax. The rules and basis of VAT are enshrined in European legislation of which the UK version is purely a copy. When we Brexit the EU, VAT will cease to be controlled […]

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