With much talk and speculation about what will be announced in the Budget at the end of October, we take a look at some of the changes that might be afoot.
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Wake me up when September ends
Many of our corporate clients have either just passed, or are approaching, another financial year end. And – for some –that means a period of much more intensive work than usual, particularly if they have a small finance team or have multiple compliance obligations because of a more complicated group structure. This is where we come in.
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Don’t stop believing
With much in the media about exploitation of HMRC’s R&D scheme and increases in R&D claim enquiries, we reflect on why this shouldn’t be off-putting to clients who are considering making a claim.
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Let it go
Amidst uncertainty around the Budget announcements, one change that has been confirmed is the Government’s intention to repeal the special tax rules relating to the commercial letting of Furnished Holiday Lets.
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What do I do now?
Ordering a coffee used to be a simple process, with the choices limited: “Would you like milk and sugar?” Now, visiting a coffee shop presents an array of options – caffeinated, decaffeinated, americano, latte, cappuccino, espresso, soy milk, oat milk, syrup? Many people know what they want when they get to the counter, but if you aren’t sure, then too many alternatives can lead to almost paralysing indecision, and leave you mumbling, “I’ll have a cup of tea please.”
One of the most common questions we are asked is ‘what is the best way to start trading?’ and whether this should this be through a company, as a sole trader, or a partnership.
Grab yourself a coffee and have a read of our blog where we lay out the similarities and differences between the options.
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The Times They Are A-Changin’
Following Labour's victory in the general election, we take a look at some of the main pledges from the manifesto and Chancellor's speech which impact tax and business.
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I’ve got new rules – I’ll count them
In what’s widely regarded as the biggest shake up in its history, new powers for Companies House are in store with the introduction of the Economic Crime and Corporate Transparency Act 2023.
Some powers have begun to come into force, and there are more to come.
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This is how we do it
It’s early June – we’re into the new tax year. Most people won’t have started thinking about their personal tax return yet. But, there are some real advantages to getting it done early.
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The kids are alright
The Child Benefit clawback rules have changed from 6 April 2024 which may pave the way for some tax planning.
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Ooh aah .… just a little bit
Have you noticed your employment income go up this month?
This may well be because the National Insurance rates have fallen, which although small changes, could mean some tax planning is required.
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