Newsletter - Posted in November 2022
In his Fiscal Statement delivered on 23 September 2022, the previous Chancellor, Kwasi Kwarteng, introduced a Growth Plan including the tax cuts promised by Liz Truss in her Conservative Party leader campaign...................... Continue Reading
Newsletter - Posted in October 2022
On 23 September 2022, Kwasi Kwarteng, the new Chancellor (the fifth in as many years) delivered a Tax Cutting “Fiscal Event” or Mini-Budget to help boost economic growth...................... Continue Reading
Newsletter - Posted in September 2022
There continues to be poor take-up of the Government’s Tax-Free Childcare Accounts which provide a 25% subsidy towards the cost of childcare...................... Continue Reading
Monthly Newsletter - Posted in August 2022
Why is it so difficult to hire people at the moment?................... Continue Reading
Newsletter - Posted in August 2022
With the departure of Boris Johnson, the contenders as leader of the Conservative Party and Prime Minister (PM) have now been whittled down to the last two – Rishi Sunak and Liz Truss..................... Continue Reading
Monthly Newsletter - Posted in July 2022
4-day working week - is this the future?................... Continue Reading
Newsletter - Posted in July 2022
If you have children under 12 who attend a nursery, after school club, play scheme, childminder or you are considering sending them to a summer camp, you should think about setting up a tax-free childcare account.................... Continue Reading
Monthly Newsletter - Posted in May 2022
Career Mobility................... Continue Reading
Newsletter - Posted in May 2022
In the March 2021 Budget, it was announced that the normal one year carry back for trading losses would be extended to three years................... Continue Reading
Monthly Newsletter - Posted in April 2022
Evolution of the office................... Continue Reading
Newsletter - Posted in April 2022
The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022.................. Continue Reading
Monthly Newsletter - Posted in December 2021
What is the Metaverse and what do businesses need to know about it?................... Continue Reading
Newsletter - Posted in December 2021
Many were expecting the chancellor to announce changes to inheritance tax (IHT) in his Autumn Budget................. Continue Reading
Newsletter - Posted in November 2021
On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review.................. Continue Reading
Monthly Newsletter - Posted in October 2021
We are moving into a new era of hybrid working................... Continue Reading
Newsletter - Posted in October 2021
The government will introduce a new 1.25% Levy to provide an extra £12 bn a year to support the NHS................. Continue Reading
Monthly Newsletter - Posted in September 2021
As commerce has moved online, customer service has had to evolve.................. Continue Reading
Newsletter - Posted in September 2021
The Government are pulling the plug on support to employers for furloughed staff................. Continue Reading
Monthly Newsletter - Posted in August 2021
Strategic challenges in the new normal................. Continue Reading
Newsletter - Posted in August 2021
Company loss relief can be claimed early................. Continue Reading
Monthly Newsletter - Posted in July 2021
Developing the next generation of business leaders................. Continue Reading
Newsletter - Posted in June 2021
Furlough grant reduces to 70% for July................. Continue Reading
Monthly Newsletter - Posted in June 2021
Manage your diary with Calendly................. Continue Reading
Newsletter - Posted in June 2021
Beware Miniumbrella Company Fraud................. Continue Reading
Monthly Newsletter - Posted in April 2021
Diversity and Inclusion - Best Practice................. Continue Reading
Newsletter - Posted in April 2021
New personal service company rules start this month................. Continue Reading
Monthly Newsletter - Posted in December 2020
Is your business ready for Brexit?................. Continue Reading
Newsletter - Posted in December 2020
Claim your “furlough” grant by 14th................. Continue Reading
Monthly Newsletter - Posted in September 2020
Live Streaming as a marketing tool................. Continue Reading
Newsletter - Posted in September 2020
Notify HMRC of overclaimed CJRS “furlough” grants within 90 days................. Continue Reading
Monthly Newsletter - Posted in August 2020
Returning From Furlough................. Continue Reading
Newsletter - Posted in July 2020
“Flexible Furlough” starts 1 July................. Continue Reading
Newsletter - Posted in June 2020
Job Retention “Furlough” Scheme extended to October................. Continue Reading
Newsletter - Posted in May 2020
New "Furlough" system for employee wages................. Continue Reading
Newsletter - Posted in May 2020
Covid-19 latest news................. Continue Reading
Newsletter - Posted in November 2019
When will budget day be now?................. Continue Reading
Newsletter - Posted in November 2019
T'Two-tier' VAT Registration................. Continue Reading
Newsletter - Posted in October 2019
Builders' VAT rules delayed for a year................. Continue Reading
Newsletter - Posted in October 2019
Tax Relief for Pension Contributions................. Continue Reading
Monthly Newsletter - Posted in October 2019
Managing Leadership Transition................. Continue Reading
Newsletter - Posted in May 2019
Off-payroll working rules going ahead................. Continue Reading
Newsletter - Posted in May 2019
Rent-a-room Relief................. Continue Reading
Newsletter - Posted in May 2019
The Accelerated Capital Allowance (ACA)................. Continue Reading
Monthly Newsletter - Posted in April 2019
How to raise your prices without losing customers................. Continue Reading
Newsletter - Posted in April 2019
Are you managing your business cash effectively?................. Continue Reading
Newsletter - Posted in April 2019
Many businesses offer a wide range of benefits to attract and retain the people they need................. Continue Reading
Newsletter - Posted in April 2019
Mortgage deals continue to remain very low with the base rate only a quarter percentage off its floor................. Continue Reading
Monthly Newsletter - Posted in March 2019
Managing in Uncertain Times................. Continue Reading
Newsletter - Posted in March 2019
'No Deal' Brexit Planning Checklist................. Continue Reading
Newsletter - Posted in Feb 2019
The Finance Act 2018................. Continue Reading
Newsletter - Posted in February 2019
No Deal Brexit - What about VAT?................. Continue Reading
Newsletter - Posted in January 2019
Close Company Surcharge on Certain Undistributed Income................. Continue Reading
Newsletter - Posted in November 2018
In this edition we focus on the Chancellor’s Autumn Budget announcements.................. Continue Reading
Newsletter - Posted in November 2018
It’s been an eventful year for Enterprise Management Incentives (EMI). EMI made headlines in April, when HMRC revealed problems obtaining continued EU state aid approval.................. Continue Reading
Briefing - Posted in November 2018
Making Tax Digital for VAT (MTDfV) brings mandatory new requirements from April 2019. But the change isn’t just about VAT................. Continue Reading
Newsletter - Posted in July 2018
Making Tax Digital (MTD) is on the horizon for many businesses. It represents a momentous change in the way taxpayers keep records and submit information to HMRC................. Continue Reading
Newsletter - Posted in July 2018
Making Tax Digital (MTD) is on the horizon for many businesses. It represents a momentous change in the way taxpayers keep records and submit information to HMRC................. Continue Reading
Briefing - Posted in July 2018
Cyber security is an increasing problem for business, and according to the Cyber Security Breaches Survey 2018, it exists on an extensive scale................. Continue Reading
Briefing - Posted in July 2018
VAT can seem daunting to the smaller business, not least because of a strict penalty regime. But a good grasp of the basics can help reduce errors and minimise the risk of penalties................. Continue Reading
Newsletter - Posted in May 2018
There are special rules for tax-deductible expenses for the self-employed. To qualify for tax relief, expenses have to be incurred ‘wholly and exclusively’ for the purpose of the business................. Continue Reading
Briefing - Posted in May 2018
Property letting is a complex area, subject to significant ongoing change................. Continue Reading
Briefing - Posted in May 2018
The question of whether to run a business as a limited company is a major decision. In this briefing, we look at some of the points to consider.................. Continue Reading
Newsletter - Posted in February 2018
The period leading up to the end of the tax year on 5 April is one of................. Continue Reading
Newsletter - Posted in February 2018
Dividend payment is a primary vehicle to extract cash from owner-managed businesses................. Continue Reading
Newsletter - Posted in February 2018
Making Tax Digital (MTD) represents a major change in the way taxpayers will interact with HMRC.................. Continue Reading
Newsletter - Posted in February 2018
Covering Losing Staff, Business Tax Account, Pensions auto-enrolment and much more.................. Continue Reading
Newsletter - Posted in November 2017
Changes to pensions auto-enrolment................. Continue Reading
Briefing - Posted in November 2017
Is your business prepared for forthcoming changes in the data protection regime? There has been extensive press coverage of the subject, but UK data protection watchdog, the Information Commissioner’s Office (ICO), is now concerned about misinformation being circulated in the media.................. Continue Reading
Briefing - Posted in November 2017
The legal and administrative responsibilities involved in running a company are considerable, whether
carried out by a company secretary, or another designated officer of the company.................. Continue Reading
Newsletter - Posted in August 2017
Making Tax Digital for Business: plans delayed................. Continue Reading
Briefing - Posted in August 2017
When Corporation Tax was invented in 1965, the quantification of taxable profits bore a close resemblance to the taxation
of the unincorporated business for many years................. Continue Reading
Briefing - Posted in August 2017
Many people running their own business cherish the thought of some members of their family continuing to run their
business when it comes time to retire................. Continue Reading
Newsletter - Posted in June 2017
Planning for the reduction in the Dividend Allowance................. Continue Reading
Newsletter - Posted in June 2017
Tax efficient profit extraction for the family company................. Continue Reading
Newsletter - Posted in June 2017
It has often been said that inheritance tax (IHT) is a voluntary tax as action................. Continue Reading
Newsletter - Posted in February 2017
The period leading up to the end of the tax year on 5 April is one of................. Continue Reading
Newsletter - Posted in February 2017
The tax year end is nearly here are you going to make the most of it................. Continue Reading
Newsletter - Posted in February 2017
Covering Workplace Pensions, Tax-Free Childcare, Salary sacrifice and much more................. Continue Reading
Newsletter - Posted in February 2017
A business can provide cars for business owners, directors or employees................. Continue Reading
Newsletter - Posted in November 2016
New Tax-Free Childcare scheme
– launch date is nearly here............... Continue Reading
Briefing - Posted in November 2016
Starting in April 2018, the government intends to implement major plans to modernise the tax administration system by
introducing digital services for tax................. Continue Reading
Briefing - Posted in November 2016
Travel and subsistence costs are a major overhead of many businesses and an area where HMRC have increased their
interest over recent years................. Continue Reading
Newsletter - Posted in August 2016
The EU referendum result will, of course, have significant long term economic consequences for the UK and many areas of law will need to be adapted to the new era............... Continue Reading
Briefing - Posted in August 2016
Buy to let landlords of UK residential properties have been bombarded with tax changes in the last year. As a consequence many will need to rethink their broad and detailed tax strategies on their investments................ Continue Reading
Briefing - Posted in August 2016
There has been an increase in the rate of tax on loans to participators from 6 April 2016 which means it will be more costly for the company to make such loans................. Continue Reading
Newsletter - Posted in February 2016
The Chancellor announced in his Autumn Statement in November 2015 that he would be introducing new rates of Stamp Duty Land Tax (SDLT) on purchases of buy to let properties or second homes.............. Continue Reading
Briefing - Posted in February 2016
Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so read on, as carrying out an annual review of your tax affairs could signifi cantly reduce your own and your family’s tax liabilities............... Continue Reading
Briefing - Posted in February 2016
We consider recent changes and developments in payroll practice and employment law.............. Continue Reading
Briefing - Posted in February 2016
This Briefing considers two recent developments which potentially affect the inheritance tax (IHT) planning of many individuals............. Continue Reading
Newsletter - Posted in November 2015
Phishing is the fraudulent act of emailing a person in order to obtain personal or financial information. HMRC has issued guidance to help recognise fraudulent emails............. Continue Reading
Briefing - Posted in November 2015
Over the next year or so the statutory accounts that small companies have to prepare and send to Companies House are changing because of revisions to the Companies Act and some connected changes to UK Accounting Standards.............. Continue Reading
Briefing - Posted in November 2015
The government views investment in research and development (‘R&D’) as a key to economic success. It is therefore committed to encouraging more smaller and medium sized (‘SME’) companies to claim R&D tax relief............. Continue Reading
Newsletter - Posted in September 2015
Self assessment tax returns still need to be submitted on time............ Continue Reading
Briefing - Posted in September 2015
Entrepreneurs’ Relief (ER) has been around for many years. However, it appears that HMRC are now taking a more active interest in ER claims and the Government has recently tweaked some of the rules. We consider below the main rules in respect of individual shareholders in limited companies............. Continue Reading
Briefing - Posted in September 2015
The recent substantial changes to the rules for accessing money purchase pensions and the treatment of funds remaining on death has sparked increased interest in pension fund provision. However, the amount of allowable tax relief on the contributions and the extent of taxation of the funds when the individual retires remains an area of change. A clear understanding is needed to ensure tax efficiency is obtained and tax charges are avoided............. Continue Reading
Newsletter - Posted in June 2015
Have you noticed a large increase in the car benefit in your notice of coding?............ Continue Reading
Briefing - Posted in June 2015
Operating a business tax efficiently is a key concern to all businesses. The choice of a suitable business medium, for example, sole trader, partnership or limited company may have a substantial impact on the level of reliefs, allowances and tax levied on you and that business........... Continue Reading
Briefing - Posted in June 2015
If you haven’t received a letter from The Pensions Regulator informing you of the start of auto enrolment for your business, you will do soon. The Pensions Regulator is responsible for regulating workplace pensions and making sure employers comply with their auto enrolment duties........... Continue Reading
Newsletter - Posted in February 2015
One of the welcome announcements in the Autumn Statement included the immediate reform of Stamp Duty Land Tax (SDLT) on the purchase of residential property.......... Continue Reading
Briefing - Posted in February 2015
This briefing considers employment law changes affecting parents and the calculation of holiday pay. We also look at RTI penalties and interest, together with National Insurance contributions (NIC) and coding notice changes and the progress being made on simplifying expenses and benefits reporting.......... Continue Reading
Briefing - Posted in February 2015
Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so read on, as carrying out an annual review of your tax affairs could significantly reduce your own and your family’s tax liabilities.......... Continue Reading
Briefing - Posted in February 2015
The form and content of company accounts are changing for accounting periods beginning on or after 1st January 2015. In most instances companies will show a different bottom-line profi t or loss and a different total for net assets on the balance sheet total. Very often these changes will also lead to a higher or lower tax bill.......... Continue Reading
Newsletter - Posted in November 2014
Earlier this year, HMRC laid out their timetable for various changes to the PAYE compliance system......... Continue Reading
Briefing - Posted in November 2014
In the 2014 Budget, George Osborne announced ‘pensioners will have complete freedom to draw down as much or
as little of their pension pot as they want, anytime they want’......... Continue Reading
Briefing - Posted in November 2014
A number of Government approved investment schemes are available to encourage private individuals to invest in
smaller high risk unquoted trading companies......... Continue Reading
Briefing - Posted in September 2014
Individuals who are not resident in the UK for tax purposes do not pay tax on income arising outside the UK and currently do not pay capital gains tax (CGT)........ Continue Reading
Briefing - Posted in September 2014
Since April 2002, many local amateur sports clubs have been able to register with HMRC as Community Amateur Sports Clubs (CASCs) and benfit from a range of tax reliefs including Gift Aid........ Continue Reading
Newsletter - Posted in September 2014
A number of Government approved investment schemes are available to encourage private individuals to invest in smaller high risk unquoted trading companies, and with effect from 2014/15 in social enterprises........ Continue Reading
Briefing - Posted in May 2014
The start date may be nearer for you than you think… In the next few months you may receive a letter from The
Pensions Regulator reminding you of the start of auto enrolment for your business........ Continue Reading
Briefing - Posted in May 2014
Whether you are planning to start a business or already have a business up and running, it is important to consider
your long term exit strategy........ Continue Reading
Newsletter - Posted in May 2014
New automatic in-year Pay As You Earn (PAYE) penalties for late filing and late payment and in-year interest (charged on tax and National Insurance Contributions (NICs) that are paid late during the year), were due to start from 6 April 2014........ Continue Reading
Briefing - Posted in April 2014
The spectre of VAT penalties is present at all stages of business whether starting up, in full swing or preparing to exit....... Continue Reading
Newsletter - Posted in February 2014
The Government and HMRC are aware that increasingly some companies and employment businesses are using employment intermediaries to disguise the employment of their workers and are treating them incorrectly as self-employed. This is primarily to avoid employer National Insurance contributions....... Continue Reading
Briefing - Posted in February 2014
It has been a momentous year in the world of PAYE. In the biggest change to the PAYE system since its inception,
Real Time Information (RTI) has been implemented without too many glitches. HMRC have operated a ‘light touch’
in this first full year, with no penalties for late filing, but there are a few points to note........ Continue Reading
Briefing - Posted in February 2014
Bricks and mortar have always been a popular form of investment. Despite the recession, property values have
consistently risen and income yields have been maintained. Some want to hold property to generate an income and
see capital growth, others want a more immediate profit and engage in the process of buying, ‘doing up’ and selling
on. This Briefing will consider a variety of property related tax issues relating to income and sale........ Continue Reading
Briefing - Posted in February 2014
Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so read on, as
carrying out an annual review of your tax affairs could significantly reduce your own and your family’s tax liabilities........ Continue Reading
Newsletter - Posted in November 2013
It is probably fair to say that the biggest
change to the PAYE system has gone quite
well for those employers that prepared for
it. The technology seems robust and there
have been no ‘crashes’ of the system.
However, it is also clear that many smaller
employers have not really started to get to
grips with RTI....... Continue Reading
Briefing - Posted in November 2013
This Briefing considers your personal tax
position. Let us help you to mitigate your tax
liabilities in the current tax year and beyond....... Continue Reading
Briefing - Posted in November 2013
This Briefing examines the new rules which
have been introduced for 2013/14 onwards
and which allow small unincorporated
businesses to calculate their profits for tax
purposes on a cash basis rather than the
normal accruals basis....... Continue Reading
New Responsive Website Launch
Announcement - Posted in November 2013
We are delighted to announce the launch of our brand new responsive website, built on a cutting-edge mobile responsive platform to create the most up-to-date user experience, regardless of the device it is being viewed on.
Working with TotalSOLUTION, we have created a user friendly responsive site compatible with a full range of devices, tailored to allow for simple navigation and access to key information including tax calculators, tax rates, key dates and deadlines, essential tax tips and regular hot topics.
Our new website has meant we do not require a separate mobile site, instead just one site that displays perfectly on any device. This means that the whole site responds automatically to the size of the screen on which it is being displayed, from the smallest smartphones to tablets, desktops and even TV.
This up-to-the-minute technology not only enables us to meet the demands of an increasingly connected, always-on, faster moving and far more competitive marketplace, but also reflects not only the easier user interface you’ll enjoy, but also your experience of working with our firm, people and services.
Newsletter - Posted in September 2013
The provision of an employer provided car (often
referred to as a company car) is still valued by recipient
employees and directors. However, the increasing tax
and national insurance costs to the employee and
employer respectively have driven employers to
consider alternative arrangements to provide cars
to their employees...... Continue Reading
Briefing - Posted in September 2013
This Briefing covers recent and future changes
affecting the tax position of business motoring.
This includes a consideration of the current tax
deductions available on different types of vehicle
expenditure in a variety of business scenarios
(unincorporated and companies) and how
individuals..... Continue Reading
Briefing - Posted in September 2013
This Briefing summarises the tax implications of
shareholders borrowing from or lending to an
owner managed company. There is new tax law to
contend with particularly if loans are being taken..... Continue Reading
Newsletter - Posted in June 2013
The Government has announced a new scheme for tax free childcare for working families. Once fully up and running, the tax free childcare scheme will be worth up to £1,200 per child, and so will save a typical family with two children under 12 years old up to £2,400 a year..... Continue Reading
Briefing - Posted in June 2013
As a business owner, if you have not already given some thought as to how you would like to exit your business, then you will need to do so at some time in the future. The principal options will be to either sell your business to a third party or to sell, gift or leave it to your family..... Continue Reading
Briefing - Posted in June 2013
To encourage more people to save in pension schemes, the Government has placed greater responsibility on employers to provide access to pension provision. Up until 1 October 2012 there was no requirement for and employer to pay employer contributions into a scheme. there was also no requirement for the employee to enter and employer provided scheme..... Continue Reading
Newsletter - Posted in February 2013
On 1 November 2012, HMRC started a 'new approach to Business Records Checks' (BRCs). The target audience of these checks are small and medium sized businesses. In the context of income tax, a BRC is a check by HMRC that the records of a business are adequate to allow a taxpayer to submit and accurate income tax return. What is new is a check on records which will be used to prepare a tax return rather than HMRC checking a tax return that has already been submitted..... Continue Reading
Briefing - Posted in February 2013
Real Time Information (RTI), the biggest shake up to payroll procedures since PAYE was introduced in the 1940's, will become a reality for the majority of employers from April 2013. Look out for a letter from HMRC inviting your PAYE scheme to join RTI, an invitation you cannot refuse! Let us know as soon as you have received your invitation so we can help you make the necessary transition..... Continue Reading
Briefing - Posted in February 2013
The concept of residence in the United Kingdom is fundamental to the determination of UK tax liability for any individual. For over 200 years the term 'residence' has never been defined in our tax laws and the issue of interpretation in any situation has been dependent upon considering case law and HMRC practice. All that is about to change with effect from 6 April 2013. On that date it is expected that a new Statutory Residence Test (SRT) will be introduced..... Continue Reading
Briefing - Posted in February 2013
Tax is a subject that excites very few people. It is easy to ignore awkward issues involving tax, such as those mentioned in this supplement. Don't - it could cost you dear. Instead, think of a regular review of your tax affairs (at least once a year) as an opportunity to reduce the taxman's take from your family. The period leading up to the end of the tax year on 5 April is one of the best times to review your taxes and finances..... Continue Reading
Briefing - Posted in January 2013
Pay As you Earn (PAYE) on the whole is an effective system, and has been since it's introduction in 1944 .However, it is prone to fraud and this makes it difficult for HMRC to identify errors or help either employees or employers to reslove problems quickly and efficiently, which is why RTI is being introduced'..... Continue Reading
Newsletter - Posted in November 2012
Payment Protection Insurance (PPI) - This is a subject that is something of a hot potato at the moment with widespread coverage in the media and via the internet about making a claim if you believe you have been mis-sold this product. However, are there any tax implications to be aware of if you make a successful claim?.... Continue Reading
Briefing - Posted in November 2012
The impact of the new tax charge in connection with Child Benefit will according to HMRC affect approximately 1.2 million families. Specifically they have stated that: 'Approximately 70 per cent of these households will lose all of their Child Benefit, and 30 per cent will only lose a portion. The average loss for those that lose will be roughly £1,300 per year. 90 per cent of families in the Child Benefit population will continue to benefit from some or all of their Child Benefit'..... Continue Reading
Briefing - Posted in November 2012
As you are no doubt aware employers are responsible for reporting details of employees’ pay, expenses and benefits to HM Revenue and Customs (HMRC). They are also responsible for making the relevant deductions from the payments, broadly income tax, national insurance contributions and student loan deductions..... Continue Reading
Newsletter - Posted in September 2012
From April 2013 at the earliest, employers will be required to file in year PAYE returns electronically. Details of payments and deductions will need to be reported to HMRC on or before payment is made to the employee..... Continue Reading
Briefing - Posted in September 2012
The aim of this Briefing is to outline the tax relief position of capital expenditure in buildings. Unlike repairs which are generally 100% deductible against business profits, only capital expenditure eligible as plant and machinery (P&M) qualifies for tax relief and often, this is then spread over several years..... Continue Reading
Briefing - Posted in September 2012
In March 1999, the then Chancellor announced anti-avoidance measures to target the avoidance of tax and national insurance contributions (NIC) by individuals providing their services through an intermediary, such as a personal service company (PSC) or partnership..... Continue Reading
Briefing - Posted in June 2012
This briefing focuses on selected practical tax matters for the smaller company so that essential opportunities to maximise tax savings or minimise liabilities are not overlooked.... Continue Reading
Briefing - Posted in June 2012
Avoid pitfalls whilst extracting profits from your company tax efficiently. This briefing considers the tax and other considerations of both dividends and loans for the owner managed business (OMB) trading as a company... Continue Reading
Newsletter - Posted in June 2012
Business Property Relief (BPR) at 100% of the value of the business or shares is a very important relief for inheritance tax (IHT) purposes. The relief is not available where the activity does not amount to a business. Where there is a business it cannot exist wholly or mainly for the holding of investments... Continue Reading
Newsletter - Posted in April 2012
The Enterprise Investment Scheme (EIS) has been in place for a number of years and provides tax relief for individuals prepared to invest in new and growing companies. Investors can obtain generous income tax and capital gains tax (CGT) breaks for their investment and companies can use the relief to attract additional investment to develop their business... Continue Reading
Newsletter - Posted in April 2012
In the current economic climate and with people living longer the Government is keen to ensure that we all have some pension provision. Measures have been introduced that place duties on employers to automatically enrol employees into a work based pension scheme. Employers can either make use of the National Employment Savings Trust (NEST) or they can set up a new or use an existing qualifying pension scheme if they prefer... Continue Reading
Newsletter - Posted in April 2012
Tax is a subject that excites very few people. It is easy to ignore awkward issues involving tax, such as those mentioned in this supplement. Don't - it could cost you dear. Instead, think of a regular review of your tax affairs (at least once a year) as an opportunity to reduce the taxman's take from your family. The period leading up to the end of the tax year on 5 April is one of the best times to review your taxes and finances... Continue Reading
Newsletter - Posted in March 2012
HMRC will be writing to UK residents and organisations holding Swiss bank accounts with the HSBC bank in Geneva who may not have reported all of their income and gains. This is as a result of information received last year under a tax treaty which revealed that over 6,000 individuals, companies, trusts and other bodies held accounts and investments with HSBC in Geneva... Continue Reading