Insights

When facing their 31 January tax liabilities, many landlords will be wondering about the most tax efficient way to own rental property.…

Buying off plan can be a very attractive option, especially for first time buyers seeking their first home. There are pros and…

In the past five years, UK entrepreneurs have made an estimated £108 billion from either the sale of their businesses, or from…

This tax year, 2019/2020, the inheritance tax (IHT) main residence nil rate band is increased by a further £25,000. This relief now…

There are as many types of accountant as there are varieties of apples and we are a rare breed. Clients tell us…

If you are thinking ahead about how to add more value to your business, one thing that can be overlooked, for smaller…

One of the investor outcomes of Brexit, which is now looking increasingly likely to go ahead, is the impact it will have…

The Solicitors Regulation Authority (SRA) Accounting Rules have been reformed with effect from 25th November 2019, in order to allow solicitors more…

As of 1 November 2019, unincorporated entities – partnerships and sole traders - are legally entitled to join VAT Groups, provided that…

Landlords with rental portfolios can sometimes overlook the opportunity to claim for capital expenditure on their properties. Whilst capital expenses do not…

Many people in the UK are finding our tax system to be overly complicated and the forthcoming election may be a turning…

A recent case brought against three BBC presenters highlights that if private sector contractors fall foul of the IR35 rules, they could…

Unless it’s for holiday home taxes and #Instaincome Tax can be tricky to understand and that’s why we try to make it…

Principal private residence (PPR) relief will be changing from April 2020, with the final period exemption reducing from 18 months to 9…

UK taxpayers who own investment properties should be aware of an important change that is taking place with effect from next year.…

When a limited company makes a profit, this is often paid out as a dividend to shareholders as a return on their…

According to new research, 33% of people have stopped paying money into their pensions in the last 12 months and 65% of…

It is impossible to foresee what might ultimately happen with Brexit, the developments over that past few weeks have been unprecedented. Business…

VAT is in the spotlight again for SMEs and according to new research, in 2018-19 HMRC collected £4.4bn from SME tax enquiries…

The initial ‘Cryptocurrency Bubble’ may have burst since the early days when people were collecting bitcoins and becoming virtual billionaires, but this…

Currently around 1.2 million people in the UK are in paid employment and also over the state pension age. We are living…

The economy, improved technology systems and ongoing investment in anti-avoidance have helped HMRC to secure record tax receipts in recent years. With…

This cartoon from the Financial Times provides the inspiration for our latest article about property tax, which remains an enduringly popular topic…

The VAT Domestic Reverse Charge (VDRC) rules come into effect on 1 October 2020 and will mean a complete change to the…

The IR35 rules for off payroll working are changing on 6th April 2020 for contractors and consultants who work in the private…

A few months ago, we wrote about Authorised Push Payment Fraud, which is one of the fastest growing forms of financial crime.…

Limited liability partnerships (LLPs) are a special legal structure distinct from limited companies or partnerships. They provide the limited liability protection of…

A new allowance, the Structures and Buildings Allowance (SBA) has come into operation and will operate alongside the existing capital allowances available…

Over the past year, a number of high profile companies - Richer Sounds being perhaps the most prominent - have indirectly transferred…

Although the tax on company cars has risen steadily over the years, they remain incredibly popular in the UK. According to Car…

There are often times when an employer needs an employee to temporarily work from a location other than their usual permanent location.…

It’s the thought that counts when it comes to making gifts, whoever the recipient is. This includes employees as research shows that…

The start date for the first VAT returns to be submitted through Making Tax Digital was on 1 April 2019. Now, many…

By now we probably all know of someone who has been defrauded online. In the first 6 months of 2018, almost half…

The enterprise investment scheme (EIS) and the seed investment equivalent for start-ups (SEIS) remain very popular amongst high net worth individuals who…

The focus on entrepreneurs’ relief (ER) is increasing again, as questions are being asked about whether it is fair to have such…

One of the best shelters from inheritance tax is business property relief (BPR), which enables a taxpayer’s business assets to be exempted…

Capital gains tax may be payable on gains made when you sell a property, unless that property qualifies as your PPR for…

If you have a business that employs other people, you may be eligible to an employment allowance worth up to £3,000 per…

Two significant changes we reported on after the Autumn Budget 2018 which relate to the restrictions to entrepreneurs’ relief (ER), have come…

Although there have not been many significant changes to tax legislation recently, there are still some important new previously announced policies taking…

It was widely reported that the cost of obtaining Grant of Probate would increase on 1 April 2019, but this has thankfully…

According to the Mayor’s office, housing shortages mean that well over 60,000 new homes are needed in the London area every year. …

Although there were no updates on IR35 announced during the Spring Statement, HMRC has already warned of the impending changes to the…

Disguised remuneration schemes have been the subject of intense HMRC scrutiny for some time and now an important deadline is looming; the…

Anything the Chancellor could have announced today, in the Spring Statement, was overshadowed by the government’s Brexit plan defeat in House of…

Making Tax Digital (MTD) is almost upon us, with the new VAT compliance service set to go live on 1 April 2019.…

Not something we like to think about, but when someone in your family dies, there are a lot of administrative tasks involved.…

Landlords have experienced lots of punitive tax measures in recent years which have made personally owning investment property, especially residential investment property,…

Last year, HMRC collected £5.2bn in inheritance tax receipts, making this tax a significant source of revenues. The amount collected represented an…