Blog
Welcome to our blog – where we share insights, updates, and practical advice to help you navigate the latest in business and finance.
Landlords – cash is king
Richard Coombs explains the change to cash based accounting for landlords with rental income below £150,000. "At this time of year many people will be thinking about preparing their 2017/18 tax returns. If you are a landlord, you may have missed an important change...
IR35 impacts from Budget
With a 72-minute-long speech, and more than 100 pages of documentation to accompany it, there's a lot to report from Budget 2018. Several of the headline announcements brought in changes for small and large businesses alike, with initiatives aimed at improving growth,...
Autumn Newsletter 2018
In this edition of our newsletter Richard Coombs, Tax Partner reminds us that it is not too late to secure a settlement deal with HMRC if you have been involved in an Employee Benefit Trust or contractor loan, but you really must act now, before the loan charge comes...
Autumn Budget 2018 Summary
In his Budget speech yesterday, Philip Hammond described his Budget as one for hard working families; for strivers, grafters and carers. On several occasions he repeated the phrase “austerity is coming to an end” (not “at an end” as the PM had said), before announcing...
Other announcements
Charity taxationFrom April 2019, the Government will introduce measures to reduce administrative burdens on charities. These include: An increase from £5,000 to £8,000 in the upper limit for trading charities can carry out without incurring a tax liability where...
Entrepreneurs Relief Post Budget 2018
AN UPDATE ON THE IMPACT OF THE AUTUMN BUDGET ON ENTREPRENEURS RELIEF.Richard Coombs, Tax Partner at Bates Weston comments: “Whilst some commentators were predicting that the Chancellor would end the very generous capital gains Entrepreneurs Relief, he stopped short of...
Assurance options
For various reasons a business or a charity may need to assure interested third parties, its own management or shareholders/stakeholders that its financial statements are a true representation of its financial position.There are several ways that this assurance may be...
Cash flow case study
Our client has a profitable business, dealing with high volume, low margin product which is subject to significant increases in raw material costs and extended supplier deadlines. The owners understandably prioritise satisfying customer demand over reducing the cash...
Buying a second property
Does the 3% stamp duty land charge surcharge always apply when buying a second home?Graham Buckell comments: "As most people are aware there is now a 3% stamp duty land tax (“SDLT”) surcharge if buying a second home. This cannot always be avoided particularly where...
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