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Frequently asked questons

We’ve been inundated with questions around furlough and the self employed. The most common question is “Can directors furlough themselves?” In theory directors can be furloughed in the same way as other employees. However, a condition of furloughing is that the individual must not undertake work of any kind for the company during this time. […]

Covid-19

To ensure the health and safety of our staff & their families and of our clients we have implemented working from home arrangements. Fortunately as an early adopter of cloud hosted solutions we have been fully equipped to work away from the office since 2010. Our offices are closed to visitors although key staff members […]

Cotswold Classic

Witney Cotswold Classic 2020 Bronsens are proud to sponsor the Witney Cotswold Classic for the third successive year. The Cotswold Classic 10 mile road race is a firmly established event in the local running calendar on an undulating course with a fast finish. The 2020 event takes place on Saturday 5th September. Our marshals will […]

World Aunt Sally Singles Championship

Why not come and join us on 27 June 2020 for the World Aunt Sally Championships?  

Chipping Norton Literary Festival

Understandable this event has been cancelled for 2020. Hopefully we will see you in 2021! Taking a break from our world of numbers Bronsens are pleased to sponsor this years Chip Lit Festival Our chosen author is Marian Keys who will be reading from her new book “Grown Ups” at The Theatre Chipping Norton Tickets […]

Is this a good time to invest?

This article considers the question: should businesses invest in new equipment or other long-term capital acquisitions at this time? In truth, no one knows what the impact of the Brexit will be? Brexiteers believe that the floodgates will open, and the rest of the world will rush to buy our goods and services whereas Remainers, […]

Exclusivity and tax relief

In order to qualify as a deduction for tax purposes we have to demonstrate that the expenditure was incurred “wholly and exclusively” for the purposes of our business or employment. We will also need to consider a further criterion: where the expenditure has a duality of purpose. In a 1980’s case, a barrister claimed for […]

Did your goat eat your accounts?

Companies House have published a list of bizarre excuses for the late filing of their statutory accounts. They include: “goats ate my accounts” “I found my wife in the bath with my accountant” “pirates stole my accounts” “we delivered the accounts to the betting office next door to Companies House” “a volcano erupted and prevented […]

Invoice discounting with larger customers

Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow. Cynically, this could be seen as a method these larger customers have used to control options available to their smaller suppliers. Unfortunately, suppliers […]

Not so trivial

Options for reducing the impact of taxation on our earnings are somewhat limited. That said, there are still opportunities that will keep you the right side of the law and will increase the take home pay of employees. One such opportunity available to employers is to pay so-called trivial benefits. The benefits may be of […]

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Newsletter Oct/Nov 2020

Remote working is here to stay Working from home has again become the default position for many workers and could continue for another six months. But not all can. Employers need to ensure safe and sustainable working environments for all their employees. Click here to download this newsletter

Newsletter May 2020

VAT digital links on hold HMRC has announced a one-year delay to its enforcement of digital VAT rules through the making tax digital (MTD) for VAT return filing process. The delay was in response to the problem of implementing digital links because of the increased number of people working remotely and businesses adapting to the […]

Budget Report 2020

The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future’. ‘It is a Budget of a government that gets things done’. Click here […]

Newsletter January 2020

Countdown to off-payroll rules change The extension of the public sector off -payroll working rules (known as IR35) to the private sector is still set to go ahead in April 2020, despite the postponement of the Budget and a call from the Federation of Small Businesses (FSB) for the change to be delayed. Click here […]

Importing goods from outside the EU

Although the Brexit issue is not yet decided it may be salutary for businesses to consider the changes they will need to face if we depart with a no-deal Brexit. We have touched on these issues in past articles posted on this blog, but today we have reproduced the present regulations you will need to […]

Passport issues if a no-deal Brexit

Guidance on the use of a British passport to travel abroad after 29 March 2019, if there is a “no-deal” Brexit, was issued by government last month. The pertinent facts are reproduced below: After 29 March 2019, if you’re a British passport holder (including passports issued by the Crown Dependencies and Gibraltar), you’ll be considered […]

Powers of attorney

As we will possibly live on until our 80s and beyond, and as that may involve coping with disability of one form or another, the need for consideration of support as we get older is ever more pertinent. Readers will no doubt have heard the term “power of attorney”, but not many, we suspect, will […]