HENTONS BLOG

Making Tax Digital - What You Need to Know

Making Tax digital was initially introduced in April 2019 to make it easier for businesses who are VAT registered to store and file their data digitally. This is no longer the case, MTD now will now affect all individuals with an annual..

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Blockchain: Embracing the Revolution - Part Three

GLOBAL DATABASES: CASE STUDIES IN FAILURE The last two decades have seen numerous attempts to create a single global database, which indicates the importance of the endeavour. Their respective demises have also highlighted the problems the..

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Blockchain: Embracing the Revolution - Part Two

ROYALTY COLLECTION: A SHADY WORLD OF QUESTIONABLE MORALTY AND UNQUESTIONABLE INEFFICIENCY Blockchain is already being exploited within the music industry, especially in the realms of streaming databases, music creation and distribution...

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Blockchain: Embracing the Revolution - Part One

SATOSHI NAKAMOTO AND THE BIRTH OF BLOCKCHAIN On 31 October 2008, the elusively pseudonymous Satoshi Nakamoto released their white paper, outlining Bitcoin, to metzdowd.com, a Cypherpunk mailing list. The system was specifically designed to..

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Cyrpto-Currencies, Non-Fungible Tokens and the Tax Implications

Taxation of cryptocurrencies and Non-Fungible Tokens (NFTs) Cryptocurrencies and NFTs are undoubtedly one of the hottest topics in the finance world at the moment. Many individuals, and businesses, are intrigued by the potential profits..

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HMRC COP9 Enquiries - Is It A Fair Cop?

What are COP9 enquiries? These are enquires conducted by HMRC’s Fraud Investigation Service under Code of Practice 9(COP9), where they suspect serious tax evasion and fraud to have taken place.   What can I do when I receive a notice from..

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Awards Spotlight on Tim Baum-Dixon

As part of our ‘Awards Spotlights’ series, we take a look at one of our Partners, Tim Baum-Dixon, who has been shortlisted as a finalist in the Partner of the Year Category at the 2021 Yorkshire Accountancy Awards. Tim joined Hentons in..

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Awards Spotlight on Moosa Sacha

As part of our ‘Awards Spotlights’ series, we take a look at our IT Manager, Moosa Sacha, who has been shortlisted as a finalist in the Support Staff of the Year Category at the 2021 Yorkshire Accountancy Awards. The Support Staff of the..

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5 Benefits to Outsourcing Your Payroll

What do you actually gain from outsourcing payroll and does is bring your business any real benefit? Here are 5 key reasons that are driving the increase in payroll outsourcing and why it could make sense for your business to do the same...

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Trusts - Money Saver or Fashion Faux Pas?

Although they appear to have become less fashionable in recent years, I believe trusts are still one of the most effective methods of reducing one’s exposure to inheritance tax. Not only can the gift reduce exposure at the time, it also..

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Awards Spotlight on Hentons Payroll

In the first in the series of ‘Awards Spotlights’, we take a look at the highly commended Hentons Payroll Team, who have been shortlisted as finalists in the Team of the Year Category at the 2021 Yorkshire Accountancy Awards. The Hentons..

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Subcontractors & Personal CIS Deductions

Don't Let HMRC Keep Your Money! When you work as a subcontractor within the Construction Industry Scheme (CIS), the contractor you work for is required to make tax deductions from the amount they pay you. Although this is similar to most..

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Government Recovery Loan Scheme

The government has recently launched its new Recovery Loan Scheme (RLS), which replaces CBILS and the Bounce Back Programmes. We want to make sure you know your options so that we can support you in assessing whether you need funding. Here..

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Free Fluidly Access for Xero Clients

All Hentons Xero clients can now access Fluidly for Free! Hentons believe in looking for ways to improve the service we provide for our clients. Due to the ongoing changes in the economy related to Covid-19, we know how tight finances can..

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Massive reforms to public services pension schemes

Do you work in the NHS industry, and have the public services pension scheme? If so, it is vital you read this blog on the reforms which are coming into place, which could impact your public services pension scheme. Background As you might..

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