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Morgan Davies

Latest job market statistics

The Office for National Statistics (ONS) has released figures showing that the UK employment rate has dropped by 67,000 when compared to the three months to February 2015. As detailed in the press release the figures show:

Kevin Johns appointed Vice President of Solihull Chamber of Commence

We are proud to announce that Kevin Johns, Managing Director of Prime Accountants Group, has been appointed as a Vice President of Solihull Chamber of Commerce.

Government publishes guidance on new 'Fit for Work' service

The Government has published guidance on its new Fit for Work service, which aims to help tackle the problem of long-term sickness absence.

VAT and digital services

HMRC have issued some additional guidance for small businesses which supply digital services to consumers in other EU Member States.

Incorporation - restriction of relief for goodwill and Entrepreneurs’ relief

Corporation tax relief is given to companies when goodwill and intangible assets are recognised in the financial accounts. Relief is normally given on the cost of the asset as the expenditure is written off in accordance with Generally Accepted Accounting Practice or at a fixed 4% rate, following an election.

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