Gifts out of income and their benefits to beneficiaries

Posted in Latest News on June 4, 2018

Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities …

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Less than 12 months to go for MTD Compliance – 1 April 2019

Posted in Latest News, MTD on May 16, 2018

Making Tax Digital – Will this affect you and your business? Is your business VAT registered with a turnover of £85,000 or above? If the answer is yes, …

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270,000 late penalty notices cancelled by the Revenue

Posted in Latest News on May 2, 2018

A response to a freedom of information request has revealed that HM Revenue & Customs (HMRC) cancelled 270,000 late penalty notices in 2016. However, …

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OTS calls for overhaul of ‘complex’ tax charges and reliefs

Posted in Latest News on May 2, 2018

An overhaul of “the complex patchwork” of tax charges and reliefs affecting businesses throughout various stages of the business lifecycle is urgently …

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1.3 million SMEs hoping to branch out internationally to boost growth

Posted in Latest News on May 2, 2018

An annual survey suggests that some 1.3 million UK-based small and medium-sized enterprises (SMEs) intend to branch out overseas this year in a bid to …

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Workplace pension contributions more than double

Posted in Latest News on May 2, 2018

The percentage of salary employers and employees must contribute to a workplace pension has increased from 6 April 2018. Employees will now contribute …

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Dividend Allowance cut could cost you £1,143. Is it time to restructure?

Posted in Latest News on May 2, 2018

For a while, company directors have been able to make a tax-efficient living by taking a combination of salary and dividends due to the generous Dividend …

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Do you offer an EMI scheme? These are the new rules you need to know about

Posted in Latest News on May 2, 2018

EU State Aid approval for the Enterprise Management Incentives (EMI) scheme expired on 6 April 2018, meaning any share options received after this date …

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Millions of people have not checked their online tax accounts for errors

Posted in Latest News on April 3, 2018

Millions of people from across the UK could be paying more tax than they need to, it has emerged, after figures from HM Revenue & Customs (HMRC) showed …

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Late payments in the spotlight after Carillion collapse

Posted in Latest News on April 3, 2018

Small businesses in the UK have long been scourged by late payments, but the problem was brought into sharp focus earlier this year following the collapse …

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