Blog
Sharing our knowledge
Working for years in the accounting industry has provided us with a wealth of knowledge across all areas of compliance. So we think it’s important to share this with our clients.
Here you’ll find a wide range of in-depth articles that clarify some of the more pressing business and industry issues and answer any of your questions about the world of accountancy.
Why is Succession Planning important in organisations?
Why is succession planning important in organisations? Here are five reasons to start thinking about it.
A quick guide to Corporate Mergers and Acquisitions
Our handy guide to corporate mergers and acquisitions breaks down the terminology, steps, and considerations involved.
Cottons Corporate Finance team advises on overseas sale of Guncast
Cottons Corporate Finance has advised Guncast Swimming Pools Limited on its sale to Klafs GMbH & Co. KG, based in Germany. The two organisations first entered into a commercial partnership in 2016 and the acquisition will enable Klafs to provide a...
New VAT penalty regime
On 1 January 2023, a new late payment and points-based penalty regime was introduced which replaces the VAT default surcharge. The new penalty system applies to accounting periods which start on or after 1 January 2023.
There are separate penalties for late submission of VAT returns and late payment of VAT. The way in which late payment interest is calculated has also changed.
2023 Spring Budget breakdown
Exciting news! Today, Jeremy Hunt delivered the 2023 Spring Budget announcement, revealing some important measures to support the country's economic recovery. The government has abolished the “Lifetime Pension Allowance” and increased the pension annual allowance to...
Claiming capital losses
Capital losses can be realised on assets such as shares or property and they arise when an asset is sold for less than the original purchase price. Capital losses can also be claimed on assets that you still own if they become ‘worthless’, also known as a negligible...
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