News
COVID-19: Government Measures to Assist Small Business Experiencing Financial Hardship
13 March 2020
We’ve had a several enquiries messages from clients who wanted to know what Government measures are being put in place in light of the COVID-19 outbreak to assist small business experiencing financial hardship…we are as always please to discuss this in detail however the measures in outline follow:
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Budget 2020
11 March 2020
When Philip Hammond delivered the last Budget 499 days ago, in the midst of the Brexit negotiations, he could not have imagined that the next Budget would be dominated by the spread of a lethal contagion. Nor is it likely that he thought Rishi Sunak – then a relatively inconspicuous junior minister – would be the one delivering it...
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Entrepreneurs’ Relief changes expected in March Budget
11 February 2020
Speculation is increasing that Chancellor, Sajid Javid, will announce significant curbs on Entrepreneurs’ Relief in the Budget, or could even scrap the valuable tax relief altogether. According to the Financial Times, ministers are concerned that Entrepreneurs’ Relief is too generous to wealthy individuals.
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Get ready for a range of tax changes this April
11 February 2020
Monday 6 April 2020 will see a range of tax changes come into effect with the start of the 2020/21 tax year. Some of these changes have the potential to have considerable implications for your tax bill, depending upon your specific circumstances. Here is a selection of the most significant changes...
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VAT zero-rating now applicable to businesses e-publications
11 February 2020
Businesses that rely on the production of guides, physical books, newspapers or other printed materials currently enjoy a zero-rating for VAT. However, those who sell and publish similar content online have had to pay VAT at the standard rate. This is now set to change after a decision made by the Upper Tax Tribunal (UTT) confirmed...
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Latest case highlights the dangers of not meeting workplace pension requirements
11 February 2020
A recruitment business has been ordered to pay £10,890 after avoiding their automatic enrolment duties and misleading the Pensions Regulator (TPR). Hertfordshire-based SKL Professional Recruitment Agency Ltd’s managing director Linus (known as Lee) Kadzere has been sentenced at Brighton Magistrates’ Court for wilfully failing...
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When was the last time you checked your NIC record?
11 February 2020
Most workers assume that their National Insurance Contributions (NICs), as reported by their employer or through their own records, are accurate and up to date. After all, within the Income Tax system, we have the comfort of an annual reconciliation process, so why would NICs be any different? However, it may come as a shock to...
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Property tax implications of getting divorced
11 February 2020
If you are in the process of getting divorced, it is likely that the tax considerations involved are not foremost in your mind. However, divorce can have extensive implications for your tax bill, including in relation to Capital Gains Tax (CGT). This means it is crucial that you take your tax position into consideration...
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Make the most of the Brexit implementation period
11 February 2020
Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship with the EU will be agreed, giving businesses the chance to prepare for the UK’s new trading arrangements. While much of the detail is still to be decided, we do know that businesses...
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More than 3,000 taxpayers complete self-assessment on Christmas Day
15 January 2020
Instead of tucking into turkey or unwrapping their gifts, 3,003 taxpayers completed their self-assessment returns on 25 December 2019, according to HM Revenue & Customs (HMRC). Every year hundreds of people across the UK use the Christmas break as a time to manage their financial affairs, with HMRC declaring it a “Christmas tradition”.
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Case Studies
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A shared passion for architecture and a head for numbers
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A modern approach required for music moguls
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Smiles all round for dental practice
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Customer care is top of the list for packaging business
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Sometimes a business does exactly as it says on the tin
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Taxing demands with old school charm
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Child's play with proactive accounts management
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A taste for growth, a thirst for knowledge
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Cut above the rest in personal management style