Briefings
It's likely to be your most important capital asset. But do the tax rules impact what you can do with your home? Do you pay tax if you sell your home? What happens if you rent part of it out? What about inheritance tax and planning in later life? How do
In the current economic climate, cash is critical. Yet statistics suggest many businesses don't reclaim all the VAT they're entitled to. VAT registration has major implications for liquidity in any business.
They say every business hits a crisis sooner or later. This Briefing offers practical help to weather the storm.
Guiding you through the latest issues in payroll, tax and employment law.
Part of the UK legal landscape for hundreds of years, trusts are still very much in use today. What's more, they are suddenly need to know information when it comes to tax. This briefing explains why.
Making Tax Digital for income tax self assessment (MTD ITSA) is being phased in, the first returns under the new rules are due to be made in 2024. What do the MTD rules mean in practice? We look at what's known so far, and what might affect you.
We look at some of the key need to know areas as the new UK regulations are phased in.
We look at the capital taxes that could make an impact - capital gains tax and inheritance tax.
There are always questions about the tax position when you trade from home, or use your home as an office. We look at some of these here and give some insider tips.
Guiding you through the latest issues in payroll, tax and employment law.
April 2022 sees the final phase of Making Tax Digital [MTD] for VAT. But that's just the tip of the iceberg. MTD for income tax [MTD ITSA] comes next, and implementation is likely to be altogether more challenging. And then there's corporation tax.
What are capital allowances and what can they do for your business?
With the full range of post Brexit customs requirements still being phased in, businesses need to decide how to comply.
Loan accounts may need special consideration this year with the Covid-19 impact on the economy.
There is significant change to the way goods move between Britain and Europe, and between mainland Britain and Northern Ireland.
Guiding you through the latest issues in payroll, tax and employment law.
We explain what the reverse charge means, who is impacted and practical steps to take now.
It's all about tax and employment status, and who makes the decision on status - will the changes impact you?
Making Tax Digital (MTD) represents a major change to the way you interact with HMRC, read what is happening and when.
Getting to grips with the new normal; including finding the appropriate guidance.
2020: a crossroads for landlords of private residential property
The Covid-19 pandemic impacts every business, even the best-run and longest-established. Managing risk and cash flow in these uncertain times is critical.
There are a range of support measures available to the self-employed and this Briefing sets out guidance on some of the many questions you are likely to have. Although this is uncharted territory we highlight some basic management strategies.
Guiding you through the latest issues in payroll practice, tax and employment law.
Making the right decisions for your business motoring means juggling different choices and different sets of tax rules. What's more important? Petrol or diesel? Cash or car? From 2020 there is more to juggle.
In this briefing we look at some of the proposals set out by The Office of Tax Simplification.
The responsibilities imposed on directors have probably never been greater, so our briefing discusses the importance of minimising risk.
A worrying number of people are being paid less than the minimum wage according to a report from the Low Pay Commission published recently.
The introduction of a new capital allowance, the Structures and Buildings Allowance, in the last Budget adds a new element to the capital allowances landscape.
A must read for all employers as this briefing covers types of employment status, employment law v tax law, the difference between employees and workers, employed or self employed, IR35 regime and forthcoming legislative changes.
Our Employer Update reviews key areas in payroll practice and employment law.
This Briefing is designed to help business owners take stock of where they are now and to provide guidance on how to successfully approach longer-term aims.
Making Tax Digital for VAT (MTDfV) brings mandatory new requirements from April 2019. But the change isn't just about VAT. MTD affects the way that businesses keep records and the whole process of VAT return submission. This Briefing will help you plan fo
Entrepreneurs' Relief (ER) is a significant tax relief available on the disposal of a business. Modifications introduced by Budget 2018 mean even closer attention to the rules will be needed to ensure eligibility. The focus in this Briefing is the company
Cyber security is an increasing problem for business, and in this briefing, we review areas where many businesses leave themselves open to attack and other topics.
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. This Briefing offers guidance in a number of key areas.
Key areas in employment law and payroll practice are reviewed in this Update. We also provide clarification of the latest government timetable for developments in rapidly-changing areas such as the new Tax-Free Childcare scheme and National Minimum Wage e
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. This Briefing provides an up to date overview of the duties involved.
There have been many changes to the proposed roll-out of Making Tax Digital (MTD) and the briefing sets out the position to date. Of particular note for business clients, draft secondary legislation for the MTD VAT regime was published before Christmas.
Recent and prospective changes to dividend and savings regimes may have an impact on methods of withdrawing profits. Here we consider the effect of such regimes and illustrate how employer pension contributions offer tax advantages.
The new IHT relief has finally come into effect and we explain the potential effect so that you consider whether you need to amend you will.
The new tax year brings lots of changes, including updates to pension auto enrolment, tax free childcare schemes, personal service companies and the government's plans to target salary sacrifice arrangements. Lots of changes for employers ahead!
We consider the tax reliefs available for business cars and the tax consequences for the directors and employees driving the cars. We also review the various financing arrangements and capital allowances tax reliefs available.
Now is an ideal time to turn your mind to a review of your personal and business tax strategies and our guide includes many tax efficient tips you may wish to consider.
The issue of the tax deductibility of travel expenses is complex. Our briefing consider the rules and includes examples to illustrate the potential pitfalls.
HMRC have issues six consultations detailing plans to modernise the administration of tax. All taxpayers will be affected and we will keep you updated with progress of the government's proposals.
This briefing details the tax issues that surround loans to director-shareholders and loans from director-shareholders to their companies.
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.
A new exemption regime for certain employee expenses replaces the need to report some items on P11ds.
New dividends and savings allowances have been introduced together with new rates of taxation on dividends.
Our briefing explains additional exemptions, new exceptions to tax charges and the introduction of 'residence nil rate band' in April 2017 which potentially affect the IHT plans of many individuals.
The government is actively encouraging smaller and medium sized companies to invest in R&D. We summarise R&D tax reliefs and the relevant qualifying conditions.
The 90% of UK companies that qualify as micro-entities have a new reporting route available to them in the guise of FRS 105. This new regime offers significant simplification in recognition, measurement, disclosure and filing requirements.
The recent changes in the rules for accessing money purchase pensions and the treatment of funds remaining on death has sparked increased interest in pension fund provision. We consider relief and tax to ensure tax efficiency is obtained.
Capital gains tax entrepreneurs' relief has been around for many years, however, it appears that HMRC ae now taking a more active interest in claims & some rules have been amended.
