News
Be prepared for changes to Capital Gains Tax thresholds
17 December 2022
The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being cut in half again to £3,000 from April 2024. CGT is what you pay on any gains that you make when you come to sell an asset, such as a second home or shares.
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Autumn Statement 2022
17 November 2022
The message from the Chancellor, Jeremy Hunt, in the days before he rose to the despatch box in the House of Commons to deliver the Autumn Statement was clear; he would be outlining billions of pounds of tax rises and spending cuts.
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How to protect your business from inflation
16 November 2022
Inflation has been described as paying £15 for the £10 haircut you used to get for £5 when you had hair. It is soaring at the moment and leaves business owners facing real problems. If they increase their prices, they risk losing customers, but if they peg prices...
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How to keep workplace gifts tax-free this Christmas
16 November 2022
The season of goodwill is just around the corner as Christmas approaches. It is a time of year when employers look to reward their staff for their efforts throughout the year. But they should be aware that certain tax, National Insurance and reporting obligations could apply.
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IR35 rules – What they are and why they matter
16 November 2022
The status of IR35 or off-payroll working has caused some confusion since the repeals to reforms put forward by former Chancellor Kwasi Kwarteng were subsequently scrapped by new Chancellor Jeremy Hunt.
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New rules to address the soaring cost of card payment fees
16 November 2022
Card payments rocketed during the pandemic and that trend has continued since then. According to figures from the British Retail Consortium (BRC), card payments account for four out of every five payments made.
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When can you take a dividend from your business?
16 November 2022
If you are an owner of a limited company, taking money out of your business using dividends is a mainstay of effective tax planning, thanks to an additional £2,000 annual allowance and lower rates than apply when taking money in the form of salary.
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Time to rethink your property portfolio? What you need to consider
16 November 2022
Investing in property can still provide a strong return, but it needs careful planning to achieve the best outcomes. Just buying new properties without a clear strategy would be risky. While it is true that rates of interest continue to increase, as do many of the costs associated with being a landlord...
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Tax-Free Investment Zones – How could they support your growth?
27 October 2022
In his mini-Budget, former Chancellor Kwasi Kwarteng announced plans for Tax-Free Investment Zones across England. The Government says these new economic zones will drive growth by lowering taxes and freeing up planning to encourage development and business investment.
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Time is running out to make use of the super-deduction
27 October 2022
Businesses now have less than half a year left to make use of the opportunities available to incorporated businesses under the super-deduction capital allowance. This Corporation Tax relief operates similarly to previous capital allowance schemes, helping companies to invest in new qualifying plant and machinery...
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Case Studies
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Sometimes a business does exactly as it says on the tin
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Customer care is top of the list for packaging business
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A modern approach required for music moguls
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Cut above the rest in personal management style
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A shared passion for architecture and a head for numbers
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A taste for growth, a thirst for knowledge
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Taxing demands with old school charm
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Child's play with proactive accounts management
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Smiles all round for dental practice