Take a look at our video content here.
The last 15 years have certainly taught us how futile predicting the future can be. That does not mean that as a business owner you should not plan, but you need to make sure your plan can flex. Whether the future owners of your business are family members, internal...
Most of us do not give tax a second thought when selling our homes, but Private Residence Relief (PRR) which exempts a capital gain from taxation on sale, may not always be available to cover the gain in full. We have detailed below some of the situations which may...
The government seem to have timed their playground antics to coincide with the horrors of Halloween, adding to the economic woes of British landlords and tenants. Here we outline some interesting points for your consideration: Mortgage interest associated with...
It's a continuing balancing act for employer's trying to help their employee base with the current economic storm, whilst safeguarding the future of their business. A tax-efficient remuneration package may include: Salary sacrifice arrangements for pensions and the...
Tucked away in the now infamous “mini-budget” of 23 September 2023, the government outlined their intention to extend the 2025 sunset clause for the Enterprise Investment Scheme (EIS). With Conservative Party infighting and potentially a change of government before...
The Ministry of Justice published statistics showing that there were 33,234 divorce applications in England and Wales under the new legislation, which came into effect from 6 April 2022. Whilst the Finance Bill 2022-23 tracks through Parliament detailing the April...
In all my years as a tax adviser, I have never witnessed significant tax changes announced in such an informal manner. The market's reaction and subsequent reversal of a minor element of the "mini-budget" was inevitable. Once the OBR forecast is published and autumn...
If you are looking to support family members during the cost of living crisis, here is a reminder of the types of gifts you can make without Inheritance Tax concerns: Spousal transfers (this is restricted if your spouse is non-UK domiciled) The annual exemption of...
This year saw the last phase of VAT registered businesses sign up to HMRC’s Making Tax Digital (MTD) regime. From April 2024, under MTD for Income Tax Self Assessment (ITSA), landlords and the non-VAT registered self-employed will also need to retain digital records...