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Spring Statement 2019

Amongst everything going on with Brexit in parliament in the last few weeks, the chancellor delivered his Spring Statement.  In doing so he provided an update on the economy.  No significant tax changes were announced, with the Autumn Budget being the key delivery in that respect now.  However, a number of consultations on various aspects […]

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The 2018 Budget

Last week Philip Hammond delivered the 2018 Budget and with it came a range of changes that may affect you and your business.  Our summary of the budget that is available on the resources page of our website not only focuses on these tax measures that but provides comment to help you decipher them. In […]

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Spring Statement 2018

A summary of the Spring Statement 2018 is now available on our website here. In the first statement of the new process, much of the chancellor’s speech focused on an update on the economy and the announcement of various consultations looking into various future tax changes.  A key business announcement was the confirmation that the next […]

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2017 BTCC Champion Ash Sutton remains with Team BMR Subaru for 2018 and Croucher Needham!

Croucher Needham and CNM Advisory are excited to announce another year of support for British Touring Car Championship (BTCC) Champion Ash Sutton. Ash had a highly eventful and ultimately successful second year in BTCC in 2017, his first with Subaru, culminating in him being crowned 2017 BTCC Champion. Ash will remain with Team BMR for 2018 and […]

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2017 Autumn Budget

On Wednesday 22nd November 2017 Philip Hammond delivered his first Autumn Budget speech of this Government. So what exactly did the Chancellor say and, more importantly, what did it actually mean? Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the year to come. Written in plain English, we […]

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Croucher Needham merge with Michael J Lodge & Co.

We are delighted to announce that on 1st September 2017, Croucher Needham completed the merger of Michael J Lodge & Co., a highly regarded Hoddesdon based practice with a similar outlook to our own in looking after the needs and requirements of clients. Having welcomed Michael and his team to the Croucher Needham family, it […]

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Spring Budget 2017

On Wednesday 8 March 2017 Philip Hammond delivered the last Spring Budget speech of this Government. So what exactly did the Chancellor say and, more importantly, what did it actually mean? Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the year to come. Written in plain English, we […]

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Act Now on Business Rates

Business Rates in the UK are levied on all non-domestic properties with the exception of farm outbuildings, fish farms, places of worship (including church halls) and premises used for the welfare or training of disabled people. They are based on the rental income that the property could generate were it to be rented out and as […]

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Ash Sutton signs for Team BMR Subaru for 2017!

Croucher Needham and CNM Advisory are excited to announce another year of support for the rising star that is British Touring Car Championship (BTCC) driver Ash Sutton, who was yesterday announced as the new driver for Team BMR and the factory backed Subaru. Ash Sutton was first approached by team owner Warren Scott at the back […]

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HMRC Costs Businesses Money!

It was interesting to read on the BBC News website last week about how HMRC cost taxpayers £97m over 18 months – and that’s not in additional tax, that’s in time lost waiting on the phone! We at Croucher Needham and CNM Advisory can certainly relate to that having spent many an hour waiting ourselves.  […]

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Business Growth Seminar

On Tuesday we at Croucher Needham and CNM Advisory held our first Business Growth Seminar at Parklands in Essex. With over 50 business owners in the room taking time out of their busy schedules it was important to engage them early, get them thinking about their businesses and extract value from the day. We were delighted […]

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2016 Budget Summary

Wednesday was Budget Day so it’s time for our 2016 Budget Summary! The key tax measures announced on Wednesday cover: reductions in the rates of capital gains tax; introduction of a Lifetime ISA for under 40s; changes to Entrepreneurs’ Relief; abolition of Class 2 NIC; reduction in the corporation tax rate; and reforms to utilisation […]

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Auto enrolment breach – how to avoid this before you get started…

By far the most common issue we have seen in recent months is smaller employers not knowing when they need to start the auto enrolment process. If an employer misses their ‘staging date’ they won’t avoid an auto enrolment breach of the Regulations which could mean the employer faces a fine from the Regulator. Recent research from […]

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Pension Auto Enrolment

As of 1 April 2014 Pension Auto Enrolment has required that all employers automatically enrol their employees into a pension scheme AND contribute towards it. Your specific circumstances, and those of your employees, will impact on when you are required to have the necessary scheme in place.  For many of you your “staging date” (the […]

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Tax deductible expenses for landlords are changing

As a private landlord there are many expenses you can claim against your rental income to reduce your tax liability, examples being agents’ fees, legal fees, accountants’ fees and insurance. Loan interest and, for furnished residential lettings, a “wear and tear allowance” for furniture and equipment you provide are also deductible expenses and it is […]

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Taxing Dividends

Now that the dust has settled after what was a busy Summer 2015 Budget we can now look at the effects of the proposed changes in taxing dividends. Whilst there is still time for further change before the Finance Act is passed, the generally held view is that from April 2016 personal allowances of £11,000 and […]

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Summer 2015 Budget

Last week brought the eagerly awaited Summer 2015 Budget – the first of the new Conservative government. This was the chance to see whether they would deliver on their election promises, and a guide to what the next five years has in store. It’s safe to say there was a lot to digest and while […]

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Bishop’s Stortford FC Sponsorship

We are delighted to share the announcement yesterday as the new shirt sponsors for Bishop’s Stortford Football Club for the next two years. We are very excited to be teaming up with Bishop’s Stortford FC for the new season.  It gives our business a fantastic platform to launch our new Bishop’s Stortford office, which we […]

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Business Stationery Requirements

Whether you’re starting up in business, moving premises or changing your registered office one of the many things you should consider is your business stationery requirements. You’ll no doubt want to ensure your logo, company name and contact details are in prominent locations but if you’re a limited company you need to ensure you fulfil […]

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Capital Gains Tax (CGT) for Non-Residents

April 2015 not only brings about tax rate changes and new thresholds, it brings the introduction of Capital Gains Tax (CGT) for Non-Residents disposing of UK property, an area that has until now been exempt from UK tax. Does that mean the whole gain from the date of purchase is now taxable upon sale?  No, […]

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2015 Budget Summary

Wednesday was Budget Day so it’s time for our 2015 Budget Summary! With 50 days to the general election it was always going to be about pacifying and attracting the voters with statements of higher employment and living standards and the deficit being under control. We’ll let you judge how much of what was said […]

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Change in dealing with VAT on Prompt Payment Discounts

On April Fools Day 2015, businesses may need to change the way in which they deal with VAT on Prompt Payment Discounts. What Are the Changes? Currently, where a business offers a prompt payment discount the VAT legislation allows the VAT element of the supply to be calculated as if the customer has taken the […]

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Tax Return Late Filing

Tax return late filing is not uncommon, the key is just how you deal with it when it happens! We thought we’d take a quick break from what is a hectic month in the tax accounting world and share a light hearted tale of bad excuses.  HMRC have recently published a list of what they think […]

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Mobile Phone Business Expenses Planning

Mobile phone business expenses are incurred by most people these days – who goes anywhere without theirs? We’re very often faced with the question of what can and can’t be claimed.   The simple answer to each is NO…unless you get everything registered in the business name. Business tariffs may be more expensive than personal tariffs […]

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10 Top Tax Tips for Business Owners

Croucher Needham CNM Advisory are an accountancy firm in Essex, Hertfordshire and Bedfordshire with a big difference. We are growing our business by being advisory focused first, recognising that the compliance and red tape burden of being in business still needs to be dealt with effectively (which we do!) but is of secondary importance to the owners of […]

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Christmas Party – Tax Implications!

Christmas is coming…and for many it’s Christmas party time, a chance to reward the team for a year of hard work and hopefully success. Just a word of warning for you though for you before you spend more than you anticipated and get caught out by the tax rules. HMRC permit spending of up to £150 per head (per year on […]

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CNM Advisory guest blogger Jane Williams – Update on Employment Law and Holiday Pay

CNM Advisory guest blogger Jane Williams provides an urgent Employment Law update regarding holiday pay. A recent case may be very relevant to your business so we have issued this case summary to urgently address this issue for you. Do you pay overtime to your employees whilst paying just basic pay whilst they are on […]

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Employment Law update for small and medium sized businesses. Guest blog by Jane Williams, Employment Lawyer

As autumn arrives, so does a wind of change in Employment Law. There are two main dates of change per year when employment changes are set to occur. October 1st is one such date. As always, there have been some interesting cases hitting the courts too!  If there is anything covered here that directly affects […]

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Is a VAT cut on food and drink needed?

We saw this article on VAT on food and drink recently in City AM: It got us thinking! There is certainly some truth in the statement that VAT impacts on a business, but does it really give pubs and restaurants a “serious economic disadvantage” against supermarkets? Key players in the industry are now actively campaigning […]

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The 22 best blogs to help you grow your business

“What is it you are reading James that helps you grow your business?” It’s one of those questions that I get asked occasionally by the owners of small and medium sized business.  I have reproduced below this article by Jonathan Michael from Bplans ( which I read earlier this week which you may find helpful:   There are plenty of popular business-advice websites that make […]

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