OUR LATEST INSIGHTS

Blog21st Oct 2019

Entrepreneurs’ Relief – Take care of over dilution

Prior to the 2018 budget, if an individual’s shareholding was diluted due to an issue of new shares by the company on the same day that individual disposed of their shares, this could be ignored when considering whether the Entrepreneurs’ Relief (ER) conditions were met.  

Blog18th Oct 2019

Focus on what you can Control

With the relentless stream of news readily available about financial markets, it can be tempting to focus on the latest economic data, stories about high profile investment managers or the performance of individual funds. Such an approach could lead you…

Blog17th Oct 2019

HMRC – Changing the way they do business

There 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…

Blog17th Oct 2019

Tax 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…

Blog16th Oct 2019

A new lease of life for lease accounting under IFRS 16

Whilst 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. 

Blog15th Oct 2019

Key Areas to Consider Before Selling Your Business

Selling 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…

Blog14th Oct 2019

Insolvency – 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…

Blog10th Oct 2019

NHS 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…

Blog3rd Oct 2019

IR35 Off Payroll Working – Lesson to be learned from the public sector changes & HMRC ‘nudge’ letters

Unless 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 Groat

Blog27th Sep 2019

How Supporting Whistleblowers Can Enhance Food Safety in the Food and Drinks Industry

Today the food and drink sector is one of the largest and most important areas of economic productivity in almost every country in the world. With expanding consumer demand, businesses can naturally be exposed to unsafe and illegal practices within…

Blog23rd Sep 2019

Scottish 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 Russell

Blog20th Sep 2019

Good News for R&D Tax Relief Claimants

HM 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.