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The BBC have recently released a new blog stating that accountants are now facing tougher penalties if they help their clients bend the rules in order to gain them tax advantages. Currently it is only the clients which are facing penalties for tax avoidance, however the Treasury have now proposed that people who advise the clients to do so will also going forward be facing the same penalties.

A new blog has been published on Business Matters which states that you should keep your business bank account separate to your personal one. Many people who are starting up a business prefer to manage their finances through their personal bank account, due to the hassle of creating another one. However, the HMRC has advised against this explaining that it's not as simple as it seems.

Following the Brexit decision, many people have been left uncertain regarding what the future is going to bring. However, one of the main focuses has definitely been the potential impact that the vote to leave the EU is going to have on trade.

Atkinsons are York based chartered accountants, with a difference. Not only is it a family run company, which makes them more understanding than others to a plethora of situations but they also help a number of businesses around the world through the B1G1 scheme. B1G1 otherwise known as Buy 1 Give 1 allows Atkinsons to create measurable long-lasting impacts to so many people around the world.

Tax experts and finance professionals such as accountants have reacted to the Brexit decision, with a large proportion predicting a surge of uncertainty regarding British businesses and the economy. Despite the prime minister, politicians and tax experts calling to stay within the UK, the leave campaign went on to win the EU referendum receiving 52% of votes.

Following the Brexit result the demand for legal and financial services has risen, with businesses racing to make sense of the situation going forward. One of the fourth biggest accountancy firms in the entire world, KPMG, has even created special positions so that clients looking for advice can receive the utmost attention and leading guidance. Ernst and Young and Pwc have also created teams to focus on the impact of Brexit.

York based Chartered Accountants Atkinsons has recently been recognised as one of the world's most inspiring accountants and in turn has been featured in the book 'The world's most inspiring accountants'. This came about after the two partner firm assisted an ambitious entrepreneur in growing her business; helping her to embrace cloud technology, use real time financial reporting information to improve efficiency and make better decisions, reduce tax bills and as a result buy her dream car and family home.