Blog17th Oct 2019HMRC – Changing the way they do businessThere has been a definite shift in how HMRC carry out employer compliance enquiries, moving from face to face site visits to desk-based enquiries. This may be down to HMRC centralising in their move to regional Centres, an attempt to…View more
Blog17th Oct 2019Tax Simplification…. But are we relieved?Farmers and their families will most likely be aware of the important Inheritance Tax (“IHT”) reliefs currently available on the value of their businesses. Agricultural Relief (“AR”) and Business Relief (“BR”) can relieve the full value of the farming operation…View more
Blog16th Oct 2019A new lease of life for lease accounting under IFRS 16Whilst I was flying down to London this morning I wondered if the aeroplane was on the balance sheet yet? Prior to the introduction of IFRS 16 airlines by leasing their planes meant that the plane as well as its related lease liability was an off-balance sheet item. View more
Blog15th Oct 2019Key Areas to Consider Before Selling Your BusinessSelling a business is a topic of much debate and discussion but despite this, it is rarely planned with serious consideration typically only crystallising then an approach is made, market factors change, the owners near retirement age or perhaps have…View more
Blog14th Oct 2019Insolvency – what are the implications for directors?We are living in uncertain times and the current financial climate, alongside the turmoil in British politics caused by Brexit, is making it harder and harder for businesses to survive, as shown by the recent high-profile insolvencies of Thomas Cook; Debenhams and Jamie’s Italian. It…View more
Blog10th Oct 2019NHS Pensions – Increased Flexibility Required?The maximum allowable pension contribution, or ‘Annual Allowance’ that an individual can make to any pension is £40,000 per tax year. If contributions exceed this limit, HMRC will seek to charge tax at the individuals highest tax rate on the…View more
Blog9th Oct 2019Creating a Positive Mental Health Culture in the WorkplaceWorld Mental Health Day on October 10th celebrates a global effort to address mental health and promotes openness and discussion about this increasingly prevalent topic. However, despite the high-profile focus and increased awareness of mental health over the last few…By Louise McCoshView more
Blog3rd Oct 2019IR35 Off Payroll Working – Lesson to be learned from the public sector changes & HMRC ‘nudge’ lettersUnless you have been hiding under a rock you will be aware that back in July HMRC issued draft legislation on their proposed changes to the current IR35 Off Payroll Working rules in the Private Sector from April 2020, bringing…By Karen GroatView more
Blog23rd Sep 2019Scottish Rates of Income Tax – “A More Progressive Tax System or a Tax Divide…”?Since the historic introduction of Scottish Rates of Income Tax (“SRIT”) in April 2017, Scottish taxpayers have been subject to alternative levels of Income Tax on non-savings and non-dividend (“NSND”) income than those applied in the rest of the UK.…By Lyndsey RussellView more
Blog20th Sep 2019Good News for R&D Tax Relief ClaimantsHM Revenue & Customs (HMRC) has acknowledged the significant delays in processing times of Research & Development (R&D) Tax Relief claims and are taking steps to improve the turnaround time.View more
Blog16th Sep 2019The role of a Financial PlannerOur clients have worked hard to build their wealth, and know where they wish to go. Yet, how do they get there?View more
Blog12th Sep 2019Funding Growing Food & Drink businessesFundraising for start-ups or early stage companies has always been a challenging task as anyone who has seen the plucky contestants enter the Dragons’ Den on the hit television programme can agree. However, with a high number of food and…By Derek MairView more