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Is incorporation right for your business?

Whether to run your business as a sole trader, partnership or as a limited company is a dilemma that business owners have been wrestling with for years. While a range of factors can impact a decision on structuring a business, finance is often key. Here we consider the… read more


The Rise of the Silver Supporters

Financial support from grandparents to their families is increasingly needed just to keep them afloat according to recent research by The Scottish Widow’s Centre for the Modern Family: Individual grandparents give around £2,200 a year to support their families 85% did not make provision for these outgoings More… read more


Employers – are you ready for the new Auto Enrolment rate changes from April 2018?

Under auto enrolment rate changes beginning on 6 April 2018, employers may be required to increase the amount of their contributions into their automatic enrolment pension. From 6 April employers will have to contribute a minimum of 2% and staff members will have to make up the total to 5%.… read more


Property Tax Changes

Getting on the housing ladder used to be a realistic aspiration for young people, but growing affordability problems in the housing market are fast becoming a political hot potato, driving policy changes around property tax changes. Philip Hammond’s removal of stamp duty for first time buyers on properties… read more


What is the Trusts Registration Service?

The Trust Registration Service (TRS) provides an online route for trusts and complex estates, to comply with their registration obligations and to obtain their Self Assessment Unique Tax Reference. It replaces the current paper 41G(Trust) form and the ad hoc process for trustees to notify H M Revenue… read more


Corporation Tax Loss Relief changes kick in

When Corporation Tax Loss Relief changes came into force in April 2017, it wasn’t with a massive fanfare. However, as we now start to deal with accounting periods where the impacts can be felt, we are increasingly being asked by clients what this will mean to them. What… read more


Pension Annual Allowance Tax Charges for GP Partners

The pension relief tax legislation is extremely complicated when it comes to pension annual allowance tax charges for GP Partners. Here is some guidance on the annual allowance charge and how we can help you. For tax relief purposes in any year, you need to know: The amount… read more


Payrolling Benefits and Expenses – Right For Your Business?

Have you decided whether to start payrolling benefits and expenses for the 2018/19 tax year yet? If you haven’t come across this yet, payrolling benefits in kind (BiK) gives you as an employer, the opportunity to reduce or remove the obligation to send returns to HMRC. It can… read more


What is the role of an Executor?

Being the Executor of an estate is not really an honour. Being an executor is a di­fficult and time consuming job. The role carries some legal liability. Relatives may be too distressed to perform the role. Decisions could make them unpopular with beneficiaries. Appointing an executor You should… read more


Employment Expenses: General Rules

Do you incur expenses whilst working that your employer doesn’t reimburse? Then you may be able to claim tax relief, there are a number of different types of expenses you can claim for: Flat Rate Expenses If it costs you money to maintain, repair or replace work equipment and… read more