Blog
Welcome to our blog – where we share insights, updates, and practical advice to help you navigate the latest in business and finance.Â
Salary Sacrifice Guidance
HMRC have published guidance on the salary sacrifice optional remuneration rules which took effect from 6 April 2017.The new rules largely see the withdrawal of the Income Tax and National Insurance benefit where an employee gave up a right to earnings in return for a...
Have you missed out on the employment allowance?
Statistically 20% of companies did not claim the employment allowance when it was introduced in 2014/15 and it may have been missed in 2015/16 and 2016/17 as a result. The employment allowance came into effect from April 2014 and was originally £2000. It increased to...
Charity newsletter
In this issue of our charity newsletter we consider the impact of fundraising regulation, relevant consultations and legislative changes. We also include an update on Gift Aid and the Gift Aid Small Donations Scheme, Digital advice for charities and the introduction...
Employee Benefit Trusts – Storm Approaching!
Often with HMRC pronouncements surrounding tax avoidance we get no warning. An announcement is made out of the blue and tax professionals everywhere are left scurrying round trying to find the detail behind the headlines to see how it might affect their...
Making Tax Digital – updates
Update: July 2018It is time to take action if your business has a taxable turnover above the VAT threshold of £85,000. The government has confirmed that from 1 April 2019 all VAT registered businesses with taxable turnover above the VAT threshold (currently £85,000)...
Cash in reserve
In an article published in September 2016's Taxation magazine, Craig Simpson, partner at Bates Weston Tax LLP, examines the treatment of surplus cash in a company. Tha article is written as a discussion document for fellow professional tax advisers, however it...
How can I fund innovation in my business?
Is your company innovating?Research and Development (R&D) tax credits provide extremely favourable tax reliefs for companies who engage in innovation. It is not just relevant to technology companies and qualifying R & D can be found in many different industries....
How can I accumulate and pass on my wealth?
Accumulating, preserving and passing on family wealthThere are several tax efficient options families can adopt to help them to accumulate, preserve and pass on their wealth. As ever, we would begin by ensuring that we have a clear understanding of your personal...
Register of people with significant control
Who's pulling the strings?UK Companies and LLPs are now required to identify and record the people who own and control their company. Companies must file the People with Significant Control (PSC) information with Companies House. The PSC register helps to increase...
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