News Articles

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21 | 02 | 18

Essential Employer Update

We look at recent developments in employment law and payroll practice. Essential reading for anyone with employees or subcontractors. Read More

21 | 02 | 18

Making Tax Digital

Making Tax Digital (MTD) represents a major change in the way taxpayers will interact with HMRC. It is part of HMRC’s flagship programme to make the UK one of the most digitally-advanced tax collection agencies in the world, and change is already underway. Read More

21 | 02 | 18

Essential Tax Planning

Timing is often the key ingredient in tax planning. The period leading up to the end of the tax year on 5 April is a prime time to take stock of your finances and tax position to minimise liability. As always, we are happy to advise on appropriate action. Read More

21 | 02 | 18

Spring 2018 Newsletter

Our lead article is of particular relevance to corporate clients, and covers the correct procedure to be followed when making dividend payments. Highlighting some common errors, the article offers guidance on best practice, and how best to avoid challenge from HMRC. Elsewhere in the newsletter, we consider Community Amateur Sports Club status, forthcoming income tax rates and bands, National Minimum Wage latest rates,and Inheritace Tax. Read More

26 | 11 | 17

Budget November 2017

The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. Our summary focuses on the tax measures which may affect you, your family and your business. To help you decipher what was said we have included our own comments. If you have any questions please contact us for advice. Read More

13 | 11 | 17

New Data Protection Regulations

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. With this in mind, we set out key features of the changes, with a view to dispelling some of the myths. Read More

13 | 11 | 17

Company Secretarial Duties

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. The advent of recent new legislation with regard to ‘persons with significant control’ adds further to the company secretarial burden. And as with other aspects of the company secretarial workload, there are significant penalties for getting it wrong. This Briefing provides an up to date overview of the duties involved. Read More

13 | 11 | 17

Winter 2017 Newsletter

Our lead article provides an update on changes to the pensions auto-enrolment regime. We also comment on a promising start to a government initiative to help provide finance for small businesses struggling to access traditional sources of borrowing. Elsewhere in the newsletter, we consider the National Minimum Wage, problems with HMRC computers, and Making Tax Digital. Read More

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

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

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