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Thursday, 25 November 2021

Making Tax Digital: Change is on the horizon

William reviews the changes that Making Tax Digital will make to the self-employed and landlords who currently complete an income tax self-assessment return.

Blog

Tuesday, 23 November 2021

Insolvency ‘preference’ payments: What directors should be aware of

A ‘preference’ occurs when a company facing insolvency puts a specific creditor, or group of creditors, into a better position than the other creditors. A director could face personal liability if a preference has been made, which could result in the director being disqualified.

Blog

Wednesday, 17 November 2021

Overdrawn Director Loan Accounts (DLA) – Directors beware!

Lee Green looks at the implications of Director Loan Accounts (DLAs) when a company goes into liquidation and emphasises that not all directors are aware of their personal liability if the account is overdrawn. 

Blog

Tuesday, 16 November 2021

How can the legal sector plan for cashflow?

HMRC recently announced that the ‘Income Tax: basis period reform’ has been delayed until at least April 2024. This may give businesses a little more breathing space, however, if and when the reform is enacted, there are a number of matters to consider, not least the impact on cashflow.

Blog

Friday, 12 November 2021

Autumn Budget 2021 – What are the changes?

Peter Glading highlights some of the changes announced in the Autumn Budget 2021.

Blog

Friday, 12 November 2021

How will the Autumn Budget 2021 affect charities?

Giles Kerkham explains how the measures announced in the Autumn Budget 2021 will impact charities and not-for-profit organisations.

Blog

Thursday, 04 November 2021

Recovery Loan Scheme changes

James reviews the changes to the Recovery Loan Scheme announced in the Autumn Budget 2021.

Blog

Tuesday, 02 November 2021

Farming Investment Fund

The ‘Farming Investment Fund’ is due to be launched officially this autumn. Ashley discusses how the fund works and summarises the key points of interest to farmers and landowners.

Blog

Monday, 01 November 2021

Business Sale Readiness Factor #9: Sales and marketing

James Lay shares his latest tips for selling a business with a focus on sales and marketing.  Whether you’re looking to sell your business or not, the chances are that as a business owner, you want to make more sales and make greater profits. James sets out five areas to focus on to get your business “sale ready” and differentiate yourself from the competitors.

Blog

Thursday, 28 October 2021

Autumn Budget announcement 2021 summary

The much-anticipated Budget Statement was released on Tuesday 27 October. Richard drills down to highlight some of the key points.

Blog

Tuesday, 26 October 2021

The Future Farming Resilience Fund – agriculture support

Laurie Hill discusses The Future Farming Resilience Fund launched earlier in 2021 to support the transition within agriculture. 

Blog

Monday, 18 October 2021

Business Sale Readiness Factor #8: People

James Lay's latest tips for selling a business include people as a key resource and the importance of looking after your teams, who in turn will look after your customers, who in turn will look after your business.

Blog

Friday, 08 October 2021

2019/20 Declaration of GP earnings

Lizzy Lloyd discusses the new NHS General Practice Pay Transparency guidance and its implications for declaring earnings for GPs and non-GP providers.

Blog

Friday, 08 October 2021

Planning for retirement

Peter looks at retirement planning, pension schemes, bucket lists and more!

Blog

Tuesday, 05 October 2021

Future changes to the taxation of Associate Dentists

Melanie Garrett discusses the upcoming changes to Associate Dentists' employment status issued by HMRC, and the implications this may have on future taxation.

Blog

Tuesday, 05 October 2021

Tax changes announced to fund the NHS and social care reforms

James reviews the latest government guidance about the new health and social care tax and discusses the effects on employers and employees.

Blog

Thursday, 16 September 2021

Changes to winding-up petitions announced

The Government has announced changes to winding-up petitions, with effect from 1 October 2021 – withdrawing some of the protections currently afforded to businesses. Lee discusses how this impacts businesses facing the threat of insolvency.

Blog

Tuesday, 14 September 2021

Business Sale Readiness Factor #7: Risk management

James Lay shares his latest tips for selling a business.

Blog

Friday, 10 September 2021

The new Health and Social Care Tax

John discusses the new Health and Social Care Tax and its impact on employees and employers.

Blog

Wednesday, 01 September 2021

Income tax: Making Tax Digital proposed changes

Lizzy Lloyd looks at HMRC’s proposals, in preparation for Making Tax Digital, to change the way that partnerships and individuals are taxed under self-assessment and discusses the potential effects of the changes.

Blog

Friday, 27 August 2021

HMRC investigations up 36%

HMRC opened 102,000 investigations into taxpayers in the first quarter of 2021 – up 36% from 75,000 in the previous quarter. Sally discusses the implications of this and how business owners can protect themselves against an HMRC investigation.

Blog

Wednesday, 18 August 2021

SRA Accounts Rules

As we approach the second anniversary of the SRA Rules, is it time to consider your systems and whether they embrace the new rules?

Blog

Tuesday, 10 August 2021

UK mergers and acquisitions update – June 2021

Will Gibbs looks at the latest UK mergers and acquisitions data and discusses business demand and expectations after COVID restrictions ease.

Blog

Tuesday, 10 August 2021

National Minimum Wage: A reminder for employers, students and seasonal staff

Tessa Brown reminds employers, students and seasonal staff to check that National Minimum Wage is paid correctly, following a recent campaign by HMRC.

Blog

Monday, 09 August 2021

Business Sale Readiness Factor #6: Systems and administrative housekeeping

James Lay shares his latest tips for selling a business.

Blog

Thursday, 05 August 2021

Tax relief on farming – HMRC lose the argument

Laura Howes discusses tax relief on farming and agricultural buildings and the recent case lost by HMRC.

Blog

Tuesday, 03 August 2021

Bounce Back Loan repayments – Pay as You Grow

Lee Green investigates the Pay as You Grow options for repaying Bounce Back Loans now the interest and repayment free period has come to an end.

Blog

Thursday, 29 July 2021

Self-Employed Income Support Scheme (SEISS) Grant: fifth Instalment

HMRC will contact you in July if you’re eligible for the fifth instalment of the Self-Employed Income Support Scheme (SEISS) grant. The online service for claims will be available from late July 2021 and claims must be made on or before 30 September 2021. Read about the eligibility criteria here. 

Blog

Wednesday, 28 July 2021

Thousands of farmers may soon find their tax affairs much more complicated in the shift towards Making Tax Digital

Alison Smith discusses the most recent announcement about the transition towards Making Tax Digital (MTD) and the likely additional complications (and extra tax charges) on the horizon for many farming businesses.

Blog

Friday, 23 July 2021

IR35 workers and statutory payments

HMRC have recently issued some clarification on IR35 workers entitlement to statutory payments.

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