The government have this week announced changes in a bid to simplify tax reporting that will come into force by 2023. The changes will see small businesses taxed on profits […]
140,000 “extra” transactions have been generated in the UK from the stamp duty holiday, but who really benefits? According to a report from the London School of Economics (LSE), homeowners […]
With recent reviews into Capital Gains Tax and Inheritance Tax now complete, could this be the time for family businesses to review their approach to succession planning? If managed correctly, […]
The Office of Tax Simplification (OTS) has explored how tax reporting could be made easier for taxpayers if third parties were required to provide information to HMRC. The annual stress […]
If your business is in the enviable position of having strong cash reserves in the bank, it is important to consider the commercial and tax implications of this extra cash. […]
Due to frenzied market activity in the last 12 months, driven partly by the stamp duty holiday, nearly two million UK houses are now in the higher stamp duty bracket […]
Employee Ownership Trusts (EOTs) offers an attractive form of succession strategy that could suit your business needs more than a management buyout or traditional trade sale. What is an EOT? […]
HMRC is looking into nearly 13,000 potential cases of abuse of the government’s various Covid support schemes. By the end of March, it has been reported the treasury was investigating […]
There are several potential reasons to separate commercial premises’ ownership from the business; including safeguarding assets, future succession ambitions, or even to enhance cashflow. Whatever the reason, tax will always […]
The furlough scheme has been an invaluable crutch for businesses across the UK, but a substantial number of hurried claims may lead to an eruption of COP9 notifications. What is […]
