OUR LATEST INSIGHTS

Blog2nd Oct 2023

New Spanish Digital Nomad Visa allows access to the very attractive… Beckham tax law

How does living and working in Spain for up to 5 years, whilst only paying 24% tax sound to you? Spain has always been a ‘go to’ holiday and retirement destination for Brits. The attraction is obvious – what’s not…

By Lynn Gracie and Charlie Dunning

Blog26th Sep 2023

Would you be ready if HMRC lodged a formal enquiry into your Income Tax Return? 

A tax enquiry is the process by which HMRC check in detail that the information on a tax return is correct and complete. HMRC have the right to make a formal enquiry into every tax return submitted to them. This…

By Seamus McElvanna

Blog21st Sep 2023

Can Employee Ownership Trusts (“EOTs”) provide an alternative to family succession?

Known for their adaptable nature, innovative spirit and contribution to the economy, the importance of the successful continuation of our family businesses cannot be overstated. Retaining the ownership and running of the business within the family is often considered a…

By Alan Campbell

Blog20th Sep 2023

Nine benefits of hotel accounting

Many hotel operators can be reluctant to enter a discussion about hotel specific accounting software. There is a common misconception that it is expensive, and that the owner or management company won’t have full control of their data. In today’s…

By Ian Bremner

Blog18th Sep 2023

What Does Members Voluntary Liquidation mean?

It can be a daunting time for business owners closing down a solvent business. Owners are used to having full control and dealing with all business matters, therefore understandably, we are asked many questions before and during the process of…

By Claire Smith 

Blog16th Sep 2023

Do you have a legal remuneration strategy?

Each year it is important for business owners to review the company remuneration strategy to determine the most tax-efficient way to withdraw money from the business. Unfortunately, a number of business owners view the contents of the business bank account…

By Michaela McCombie

Blog14th Sep 2023

What are Family Investment Companies?

In recent years, “Family Investment Companies” (FICs) have become more widely used in family tax planning exercises.  However, they are not a new structure by any means – our oldest FIC client is over 100 years old! They are setup…

By Emily Robson and Steve Roberts

Blog12th Sep 2023

Are Inheritance Tax Rules Changing?

Could we soon see Inheritance Tax changes? It has been reported that the Government is considering scrapping Inheritance Tax (IHT) in advance of the upcoming general election. IHT is a controversial and generally unpopular tax, which has been labelled as…

By Jill Walker

Blog5th Sep 2023

Cruising around the world – can it really reduce your tax bill?

The post-COVID world looks very different for many workers. Many are now choosing to work not just from home instead of the office, but in some cases, an entirely different country. Most are searching for a better work/life balance, escaping…

By Lynn Gracie

Blog4th Sep 2023

Is salary sacrifice worth it for an electric car?

The 2022 Benefit in Kind Statistics annual report shows there has been a significant shift from diesel company cars which accounted for around 80% pre 2017, to 60% by 2019/2020 with a further decline to just 49% (355,000) in 2020/21. …

By Richard Petrie and Karen Thomson

Blog28th Aug 2023

What is a Payment on Account?

Unlike the PAYE system, when you start working as a sole trader or have a new untaxed source of income (e.g. rental income, dividend income) you won’t pay tax as money comes in. Instead, your first tax bill is likely…

Blog22nd Aug 2023

What is a Foreign Partnership?

For United States (US) tax purposes, the Internal Revenue Code defines a ‘partnership’ as a syndicate, group, pool, joint venture, or other unincorporated organisation through, or by means of which, any business, financial operation, or venture is carried on, and…

By Jessica Constable