News
Announcements by the Chancellor – 17 October 2022
17 October 2022
The markets have experienced considerable volatility as a result of the ‘Growth Plan’ delivered by the former Chancellor, Kwasi Kwarteng on 23 September. That made regaining economic confidence an urgent task for the newly appointed Chancellor, Jeremy Hunt, who has delivered a reversal of many...
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Corporation Tax to rise in April 2023: what you need to know
17 October 2022
The Prime Minister has announced that the Corporation Tax increase announced by the previous administration and then cancelled by the former Chancellor Kwasi Kwarteng will take place in April 2023.
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Fiscal Statement
23 September 2022
With a new King at the Palace and a new Prime Minister at Number 10, it was no surprise that the new Chancellor at Number 11 used his first statement to the House of Commons to signal a “new era” for fiscal policy.
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Government increases interest rate on late tax payments
21 September 2022
HM Revenue & Customs (HMRC) has increased the interest rate applied to late tax payments following the latest hike in the Bank of England base rate. The late payment interest rate increased to 4.25 per cent from 23 August – the highest rate since the height of the financial crisis in January 2009.
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New law delivers even-handed treatment for separating couples
21 September 2022
New measures have been introduced for the even-handed treatment of spouses and civil partners who are in the process of separation, divorce or dissolution. The new legislation clarifies Capital Gains Tax (CGT) rules that apply to transfers of assets between spouses and civil partners, giving them up to three years...
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Back to basics: Job expenses
21 September 2022
Expenses incurred by employees are generally the responsibility of the employer. Quite often, however, employees have to bear the cost themselves when travelling for work, having meals and even providing clothes, which in most cases are not tax deductible.
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Companies House service goes digital
21 September 2022
The march of the digital age and the effects of the pandemic have led to a Government institution closing its physical doors. After two years of closure due to the pandemic, Companies House has confirmed that it will permanently close its office in London with all filing being transferred online.
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Top tips for securing finance for new businesses
21 September 2022
There were stunning figures released in a new survey about business start-ups recently. Data from small business lender iwoca showed that 93 new businesses were created every hour. Despite economic headwinds, rising inflation and rocketing energy costs, the number jumped by 18 per cent year on year.
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MPs support move to crackdown on unqualified accountants
21 September 2022
The Government could move to crack down on anyone providing accountancy services who is not professionally qualified. As the law stands there is no requirement for these individuals, who can set up and start advising clients, to have professional qualifications.
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Furnished Holiday Lets – What tax reliefs are available?
21 September 2022
The UK has seen a boom in the ownership of Furnished Holiday Lets thanks to the increase in staycations. As the summer holidays draw to a close many of us may be considering purchasing a holiday let to boost our income, but there are some very specific tax reliefs to consider when doing so.
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Case Studies
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A shared passion for architecture and a head for numbers
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Smiles all round for dental practice
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A taste for growth, a thirst for knowledge
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Child's play with proactive accounts management
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Taxing demands with old school charm
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Customer care is top of the list for packaging business
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Cut above the rest in personal management style
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A modern approach required for music moguls
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Sometimes a business does exactly as it says on the tin