Insights

The Coronavirus Job Retention Scheme is designed to support employers whose operations have been severely affected by COVID-19. Principally, it is for…

New emergency insolvency measures have been agreed to help companies unable to meet all their debts due to the impact of coronavirus…

Whilst tax due on 31 July 2020 by self-assessment taxpayers is now deferred for collection until 31 January 2021 due to coronavirus…

The Government has been very supportive to businesses who are affected by COVID-19 and it is likely that HMRC will take a…

HMRC has clarified its guidance on who is eligible to defer tax payments due on 31 July. All taxpayers who are due…

Updated 27 March with details of support package and eligibility criteria Further details are now available about the support package available for…

Due to the disruption caused by COVID-19, businesses can now apply for a 3-month extension on filing their accounts. All companies who…

Tax and NICs payable on salary subsidies The Coronavirus Job Retention Scheme was unveiled by the Government on 20 March offering financial…

On 20 March 2020, the Chancellor announced additional measures to help businesses and the self-employed impacted by COVID-19. This update outlines in…

As the developments caused by coronavirus (COVID-19) continue, we would like to reassure all our clients, partners and business associates of the…

Staying healthy is the #1 concern for us all right now - both personally and professionally. These are really difficult times and…

According to recent research, 69% of UK small and medium-sized businesses (SMEs) have reported significant pressure on their cash flow as a…

We were expecting an announcement-packed Budget yesterday, and we certainly got it. After the government suggested that 80% of people in the…

It is widely anticipated that the government intends to restrict entrepreneurs’ relief (ER) as part of an initiative to reduce the number…

One company tax relief that is not expected to change in the 2020 Budget is R&D tax relief. Since it was started…

Making Tax Digital was intended to simplify tax compliance for businesses, but the results show a very different picture. According to a…

With the self assessment period behind us, it is interesting to reflect that according to figures released by HMRC, millions of people…

One tax that may be the subject of a review in the 2020 Budget is inheritance tax. A cross-party group of MPs…

Expert VAT advice can be extremely valuable and create savings way beyond expectations. In contrast, a misunderstanding can lead to costly bills.…

Despite requests by industry groups to delay, the publicised IR35 reforms will be rolled out to the private sector on 6 April…

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…