More recent posts
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Employee Ownership Trusts (EOTs): the most tax-efficient exit?
EOTs are becoming an increasingly popular exit route for business owners, with the lucrative tax breaks high on the list of attractions. A sale to an EOT allows…
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Helping a family member buy a house? Consider the tax implications
Whether it be parents supporting their children in securing a first mortgage, or adult children helping with financing of a house move for elder relatives, there are a…
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Ending the life of a Limited Company
Despite established legislation, many people remain unaware of the tax intricacies around the striking-off, or liquidation, of a company. An informal or voluntary strike-off (simple & cheap, therefore…
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Payroll: Salary advances to be reported as part of regular earnings
Advances of salary will be able to be reported via PAYE real time information (RTI) as part of regular earnings rather than when advances are paid. Financial struggles…
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Bonus or dividends – are the goalposts moving?
For private company owners fortunate to have a degree of choice as to how to pay themselves, at higher marginal tax rates in particular, dividends have held a…
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The Power of Feedback
Promoting and encouraging continual colleague feedback, recognition and kudos are vitally important for job satisfaction – after all, everyone likes to know how they are getting on! Recognising…
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HMRC step up their chase for landlords who have not declared rental income
Landlords with undisclosed, or under-disclosed, rental income are in HMRC spotlight again, with the threat of demands for back payment of taxes, along with associated interest and penalties.…
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Basis of assessment reforms incoming
Upcoming basis of assessment reforms will alter the way trading income is allocated to tax years for the self-employed. The basis period will be changed from a current…
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Prepare for the new penalty system affecting late VAT returns and payments
HMRC’s new penalty system for late VAT returns and payments will be enforced from January 2023. The current system With the current system, HMRC can charge a financial…