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18 | 09 | 17

Passing on the Family Business

In this Briefing we take a look at the key issues to keep in mind in order to enhance the prospects of a family succession taking place. We concentrate on the tax issues for yourself and other members of the family. Read More

18 | 09 | 17

Corporation Tax

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. In more recent times the determination of profits has moved substantially from the original similarity and special rules have been introduced. In this Briefing we review some of the special rules for companies. Read More

16 | 09 | 17

Autumn 2017 Newsletter

Our lead article provides an update on the governments new timetable for the roll-out of the Making Tax Digital program. HMRC is now allowing a longer period for most businesses to prepare for the change. We also comment on the new Tax Free Childcare Scheme currently being phased in. Other articles include PAYE tax code changes and the new data protection rules. Read More

08 | 06 | 17

Summer 2017 Newsletter

Our lead article provides a planning perspective to the proposed reduction in the Dividend Allowance from April 2018. Also included are details of the changes all landlords should be aware of, and the current situation regarding HMRC's making tax digital plans. Read More

08 | 06 | 17

Proft Extraction from a Limited Company

Another tax year has started and, as always in the world of tax, nothing stays the same. There are a number of methods of extracting funds from your own limited company and in this Briefing we consider the main options for extracting profit. Read More

08 | 06 | 17

Inheritance Tax Planning

In this Briefing we consider some points to consider to reduce the amount of IHT payable on death. Read More

09 | 03 | 17

Budget March 2017

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed individuals. Read More

08 | 03 | 17

Mileage Rates - Mar 2017

HMRC have announced new fuel rates for business mileage from March 2017. The amount that can be claimed is 45 pence per mile for the first 10,000 miles and 25 pence for any miles over 10,000 miles. Read More

08 | 03 | 17

Business Motoring - Tax Considerations

A business can provide cars for business owners, directors or employees through an outright purchase, a hire purchase contract or by way of a business car lease (BCL). There are different tax impacts of these options both for the business and for the individual taking the car. Read More

08 | 03 | 17

Essential Employer Update

Make sure you are up to date with the changes employers need to know for the company year. Read More

08 | 03 | 17

Spring 2017 Newsletter

Our lead article considers changes to the VAT Flat Rate Scheme (FRS) which allows small businesses to pay over VAT on all their sales at a flat rate rather than output VAT on sales less input VAT on purchases. The introduction of a new 16.5% higher percentage for ‘limited cost traders’ may mean some businesses should opt out of the FRS. Read More

23 | 11 | 16

2016 Autumn Statement

On Wednesday 23 November the Chancellor Philip Hammond presented his first, and last, Autumn Statement along with the Spending Review. Read More

18 | 11 | 16

Winter 2016 Newsletter

Our lead article considers the new Tax-Free Childcare scheme which is to be rolled out to eligible parents during 2017. Childcare providers are being asked to register for the new scheme in advance of the roll out. Small companies that qualify as 'micro-entities' now have a choice when preparing their accounts as to the accounting standards used - either FRS 102 or FRS 105. We consider the merits and pitfalls of the options available. Read More

16 | 09 | 16

Mileage Rates - Sep 2016

HMRC have announced new fuel rates for business mileage from September 2015. The amount that can be claimed is 45 pence per mile for the first 10,000 miles and 25 pence for any miles over 10,000 miles. Read More

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