Newsletters & Events

Newsletters & Events

Newsletter - Posted in July 2018

News UPDATE (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

Making your business cyber secure

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: what the smaller business needs to know

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

News UPDATE (Summer 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

Letting out property

Property letting is a complex area, subject to significant ongoing change................. Continue Reading

Briefing - Posted in May 2018

Running your business as a company

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

Year End Tax Planning Guide

The period leading up to the end of the tax year on 5 April is one of................. Continue Reading

Newsletter - Posted in February 2018

News UPDATE (Spring 2018)

Dividend payment is a primary vehicle to extract cash from owner-managed businesses................. Continue Reading

Newsletter - Posted in February 2018

Making Tax Digital

Making Tax Digital (MTD) represents a major change in the way taxpayers will interact with HMRC.................. Continue Reading

Newsletter - Posted in February 2018

Employer Update 2018

Covering Losing Staff, Business Tax Account, Pensions auto-enrolment and much more.................. Continue Reading

Newsletter - Posted in November 2017

News UPDATE (Winter 2017)

Changes to pensions auto-enrolment................. Continue Reading

Briefing - Posted in November 2017

New data protection regime

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

Company secretarial duties update

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

News UPDATE (Autumn 2017)

Making Tax Digital for Business: plans delayed................. Continue Reading

Briefing - Posted in August 2017

Corporation Tax – special rules for companies

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

Passing on the Family Business

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

News UPDATE (Summer 2017)

Planning for the reduction in the Dividend Allowance................. Continue Reading

Newsletter - Posted in June 2017

Profit Extraction

Tax efficient profit extraction for the family company................. Continue Reading

Newsletter - Posted in June 2017

Inheritance Tax Planning

It has often been said that inheritance tax (IHT) is a voluntary tax as action................. Continue Reading

Newsletter - Posted in February 2017

Year End Tax Planning Guide

The period leading up to the end of the tax year on 5 April is one of................. Continue Reading

Newsletter - Posted in February 2017

Newsletter (Spring 2017)

The tax year end is nearly here are you going to make the most of it................. Continue Reading

Newsletter - Posted in February 2017

Employer Update 2017

Covering Workplace Pensions, Tax-Free Childcare, Salary sacrifice and much more................. Continue Reading

Newsletter - Posted in February 2017

Business Motoring

A business can provide cars for business owners, directors or employees................. Continue Reading

Newsletter - Posted in November 2016

news UPDATE (Winter 2016)

New Tax-Free Childcare scheme – launch date is nearly here............... Continue Reading

Briefing - Posted in November 2016

Making Tax Digital

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 travails

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

news UPDATE (Autumn 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

Property letting - understanding the new rules

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

Director-shareholders and loan transactions

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

news UPDATE (Spring 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

Year End Tax Planning Guide (Spring 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

Essential Employer Update (Spring 2016)

We consider recent changes and developments in payroll practice and employment law.............. Continue Reading

Briefing - Posted in February 2016

Inheritance Tax Planning - new horizons (Spring 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

news UPDATE (Winter 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

Changes and choices for micro company Financial Accounts (Winter 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

Research and development - making claims easier for smaller and medium companies (Winter 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

news UPDATE (Autumn 2015)

Self assessment tax returns still need to be submitted on time............ Continue Reading

Briefing - Posted in September 2015

Entrepreneurs’ Relief (Autumn 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

Pensions – maximising the opportunities for tax relief (Autumn 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

news UPDATE (Summer 2015)

Have you noticed a large increase in the car benefit in your notice of coding?............ Continue Reading

Briefing - Posted in June 2015

What is the best business medium for tax purposes? (Summer 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

Get ready for pension auto enrolment (Summer 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

news UPDATE (Spring 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

Essential Employer Update 2015 (Spring 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

Year End Tax Planning Guide (Spring 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

New UK GAAP – Dramatic Changes Ahead (Spring 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

news UPDATE (Winter 2014)

Earlier this year, HMRC laid out their timetable for various changes to the PAYE compliance system......... Continue Reading

Briefing - Posted in November 2014

Pension freedom 2015 – a flexible future

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

Tax incentives for investors – getting the most out of investment schemes

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

Planning for non UK residence (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

Tax and the amateur sports club (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

news UPDATE (Autumn 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

What you need to do to get ready for your auto enrolment start (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

Tax issues on passing on the family company (April 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

news UPDATE (Summer 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 Current VAT Regime (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

news UPDATE (Spring 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

Employer Update 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

Taxation Matters Briefing

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

Year End Tax Planning

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

news UPDATE (Winter 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

Personal tax planning matters 2013/14 and beyond

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

Cash basis for the smaller self-employed business

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

news UPDATE (Autumn 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

Business motoring - Tax reliefs and benefits (Autumn 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

Neither a borrower or lender be (Autumn 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

news UPDATE (Summer 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

Exit ahead - Tax planning for the owner managed business (Summer 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

Planning for pensions auto enrolment (Summer 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

news UPDATE (Spring 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

Essential Employer Update (Spring 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

Resident or not?

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

Year End Tax Planning

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

Real Time Information (RTI)

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

news UPDATE (Winter 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

This is no fairy tale - A guide to the Child Benefit charge

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

Payroll - in Real Time?

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

news UPDATE (Autumn 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

Capital allowances and property

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

Are you at risk from IR35?

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

Tax tips and traps for the smaller company

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

Dividends and Loans - tax and other considerations for the OMB

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

news UPDATE (Summer 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

Seed Enterprise Investment Scheme

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

Essential Employer Update (Spring 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

Year End Tax Planning (Spring 2012 Supplement)

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

news UPDATE (Spring 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