Gravita adds some Oxford excellence as we welcome Critchleys
We’re delighted to announce that Oxford-based firm Critchleys has joined Gravita. From our earliest conversations, it was clear that we had found kindred spirits in the Critchleys team. Just like us, they love working with innovative businesses and are committed to providing exceptional, hands-on services to help their clients grow; the perfect combination. Critchleys has […]
Critchleys accountants joins challenger firm, Gravita
Critchleys accountants joins Gravita, who are transforming how growth businesses in the UK receive accounting services For well over a century, Critchleys has been recognised as one of the leading accountancy firms in Oxford, working with individuals, businesses and charities. Critchleys has found kindred spirits in Gravita, and as a top 40 accountancy firm, we share […]
Making Tax Digital – Time for action
Written by Director of Transformation, Russell Frayne Making Tax Digital for Income Tax (MTD ITSA) is a government initiative aimed at modernising the tax return process. Businesses and individuals will need to keep digital records of transactions, sending quarterly updates to HMRC. The Government hopes that the quarterly submissions will enable a more accurate projection […]
Case study: Driving growth and profitability with Shift6
Driving Growth and Profitability Through Outsourced Financial Expertise Shift⁶ founder Edwina Eddleston partnered with Gravita for monthly bookkeeping, VAT returns, payroll and management accounts. She streamlined her PR business’s financial operations, supporting growth and profitability before working with Gravita for a seamless exit. The Shift⁶ Story Seven years after founding PR agency Shift⁶ in 2017, […]
What are the latest trends on AIM? An October 2024 review
Written by Audit Partner, Joseph Brewer In this article, Joseph Brewer, a partner in our listed audit team, reviews the latest statistics and trends on the AIM market. As a specialist adviser to AIM listed businesses, Gravita acts as auditor AIM listed businesses with a combined value of over £500m. Small cap businesses remain the […]
Fuel Scale Charge
What is it? The VAT Fuel scale charge is an adjustment that you add to your VAT return to account for the private element of fuel paid for by the business. HMRC update the fuel scale charge valuations annually on 1 May. Who is it for? VAT registered businesses who reclaim input VAT […]
What restaurants need to know about the UK’s new tipping law
Written by Outsourcing Partner, Sudhir Rawal What is the Employment (Allocation of Tips) Act 2023? The Employment (Allocation of Tips) Act 2023 came into effect on 1st October. It aims to ensure that hospitality workers receive 100% of tips, gratuities, and service charges. The headline is that the legislation prevents employers from keeping any […]
Related parties: Do you really know who they are?
How can you capture a complete picture of your related party transactions when you haven’t a complete picture of who your related parties are? Gravita investigates the definition of a related party under FRS 102 and the Charity SORP and considers whether entities are doing enough to fulfil their statutory obligations. No one likes to […]
IR35: The Bigger Picture
In today’s world, there are a number of IR35 problems for bigger engagers. Nowadays the onus is very much placed on larger organisations who regularly engage personal service companies to decide if the intermediaries legislation (commonly known as IR35) applies to their particular engagement. For example, you might have a large engager Lewis, who has […]
How Gravita successfully defended a client’s R&D Tax Relief claim in an HMRC investigation
Written by Tax Partner, Dion Laycock Gravita’s team, led by Dion Laycock, Head of Tax Investigations, used their expertise in R&D tax to successfully defend a client in a recent HMRC investigation in an important victory for innovators. R&D tax credit reliefs are a useful incentive for innovation in the UK. They let businesses reinvest […]