Latest posts
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Spring Budget 2024: What can we expect to see?
Jeremy Hunt’s Spring Budget 2024 is just over a week away, and there is already speculation about what could be announced. The Budget is the final opportunity for…
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Autumn Statement 2023 – Summary
In this summary we provide some details of the tax changes that have been announced that will be of interest to owner managed businesses, entrepreneurs and private clients.
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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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Jeremy Hunt axes mini-budget tax cuts
Chancellor Jeremy Hunt has announced the government will axe almost all the tax cuts it announced in last month’s mini-budget. In an emergency statement this morning (17 October),…
Recent posts
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Safeguarding your shareholders
The very foundations of a business can be shaken in the event of a…
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Key announcements from Mini-Budget
Chancellor of the Exchequer Kwasi Kwarteng has delivered a range of sweeping reforms to…
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Spring Statement 2022 Summary
Chancellor Rishi Sunak has delivered his Spring Statement against a backdrop of rising fuel,…
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Considerations after exiting your business
The transaction has been finalised and the business has been sold. With a large…
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Autumn Budget 2021: At a glance
Chancellor Rishi Sunak has delivered the Autumn Budget 2021. In this summary we provide…
More recent posts
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Capital Gains Tax – potential changes ahead
The Office of Tax Simplification (OTS) has conducted an extensive review of capital gains tax and has now published its findings and recommendations. The OTS is an independent…
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“If at first you don’t succeed………”
“If at first you don’t succeed, try and try again!” – one of those great motivational quotes, never more appropriate than when dealing with HMRC. Over the years,…
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Changes to inheritance tax payments and returns processes
HM Revenue & Customs (HMRC) will no longer accept payment of inheritance tax (IHT) by cheque, and will not issue repayments by cheque any longer. The change in…
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COVID-19 – a simple summary of the help available to you
We have a great deal of experience in assisting clients in securing funding, and are currently working hard to help businesses to access the various Government schemes. Please…
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Tax crackdown on high-net worth individuals and families
The use of Family Investment Companies (FIC) has come under investigation by a small ‘secret’ HMRC team known as the FICs Unit. The unit was launched in April…
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Pension contributions: what you need to declare on your tax return
If you are in the process of completing your 2018-2019 self-assessment tax return over the next few days (deadline Friday 31 January), don’t forget to declare your pension…
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Increase in Inheritance Tax investigations
Around one in four taxable estates face investigations over their inheritance (IHT) payments as HMRC increases anti-avoidance activity. Over 5,000 IHT investigations were opened by HMRC in the…
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Thousands could face tax bills over undeclared pension contributions
HMRC have recently indicated that some high earners are failing to report pension growth on tax returns, and could ultimately face huge bills for undeclared pension contributions. When…
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Inheritance tax hits more estates with record receipts of £5.4bn
The number of estates paying inheritance tax has risen by 15% in recent years, as the UK government’s receipts for the tax climbed to a record £5.4bn. Figures…