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Friday, 23 July 2021

Partnership - What is the difference between a GP’s drawings and profit?

The first thing you need to understand is that there’s no legal difference between you and your business. Legally, you and your partners are the business.

Blog

Thursday, 08 July 2021

UK Business Transactions Update – May 2021

In Will’s latest blog, he looks at the latest UK mergers and acquisitions data and examines the headlines, discusses the current situation in East Anglia and advises on taking action pre-Spring 2022 budget.

Blog

Monday, 05 July 2021

Business Sale Readiness Factor #5: Availability of financial information

James Lay shares his latest tips for selling a business.

Blog

Tuesday, 29 June 2021

Post-lockdown success stories – have you got everything covered?

In the early stages of a business, and particularly one showing quick growth, it’s vital that all bases are covered to protect the business’s future and make sure you haven’t missed anything when it comes to HMRC. What should you be considering?

Blog

Monday, 28 June 2021

Consideration of moving the UK tax year end: the next target in the scope of OTS

The Office of Tax Simplification (OTS) is considering a change to the UK tax year end date. Luke discusses the implications of potential new dates, transitioning to a new date, and year ends elsewhere in the world.

Blog

Friday, 25 June 2021

Pros & cons of becoming a company in the medical sector

George explores the pros and cons of the incorporation of a healthcare business.

Blog

Thursday, 24 June 2021

Tax payment date on the horizon for taxpayers

As we approach the 31 July deadline for taxpayers to make their second tax payment on account, Sally highlights the advantages of filing your tax return early.

Blog

Wednesday, 23 June 2021

What does the future hold for the Patent Box?

The Patent Box regime offers a 10% rate of corporation tax in the UK, on profits derived from patents. However, complex rules have put many off claiming. With a 25% rate of corporation tax on the horizon, is now the time to consider this tax relief?

 

Blog

Wednesday, 23 June 2021

What should legal firms be considering post lockdown?

As we hopefully move towards the final easing of restrictions, many of us may be using this time to reflect on the last 15 months. The business world in which we operate has certainly developed more in this period than we would ever have expected, with an increase in the number of issues to consider, and the time expected to make decisions rapidly reduced.  

Blog

Friday, 18 June 2021

Government extends temporary insolvency measures

On 16 June 2021, the UK Government announced that they are in the process of extending certain insolvency measures. The current company insolvency restrictions on statutory demands and winding-up petitions will remain in force for a further three months until 30 September 2021.

Blog

Wednesday, 16 June 2021

What happens when a deceased’s estate is insolvent?

Lee’s blog discusses what may happen if you find yourself dealing with an insolvent estate.

Blog

Thursday, 10 June 2021

M&A market update: April normality after record March

March 2021 saw the highest volume of M&A transactions recorded in a single month in the UK, with 653. The fear of a capital gains tax hike, coupled with enhanced confidence of improved economic performance post lockdown, saw the market spike to levels previously unheard of.

 

Blog

Thursday, 10 June 2021

Business Sale Readiness Factor #4: Aligned business strategy

Corporate Transactions Partner, James Lay, sets out his latest tips for selling a business.

Blog

Wednesday, 09 June 2021

Furlough – the end is near

As the Government’s roadmap out of lockdown is in its final stages, we look at the remaining four months of the Government’s Coronavirus Job Retention Scheme (CJRS), more affectionately known as furlough, and considerations as the scheme comes to a close.

Blog

Tuesday, 08 June 2021

Recovery Loan Scheme – open for applications

The new Recovery Loan Scheme is now open for applications. James explains who's eligible and how to apply.

Blog

Friday, 04 June 2021

HMRC National Minimum Wage compliance activity targeting employers of apprentices

The Low Pay Commission have previously highlighted the issue of a significant proportion (approx. 27%) of apprentices not being paid the appropriate rate of National Minimum Wage (NMW), a problem which appears to be ongoing for HMRC, whose job it is to ensure compliance.

Blog

Thursday, 03 June 2021

Bounce Back Loans and dissolved companies: be very aware!

The Government has announced plans to introduce legislation, which will enable them to disqualify directors of dissolved companies without firstly having to restore them to the companies register. Particularly those who have taken a Bounce Back Loan need to be aware.

Blog

Tuesday, 01 June 2021

Company Voluntary Arrangements (CVA)

An ideal tool to give businesses time post-COVID-19 to return to profitability before clearing debt? Read more here

Blog

Friday, 28 May 2021

PCSE Payments and Pension Service launching on 1 June 2021

As Primary Care Support England (PCSE) is launching a new online Payments and Pension Service from 1 June 2021, our medical accountants have been reviewing the changes and are getting ready to access their clients’ accounts in a different way. Read more about how the launch will impact GP practices.

Blog

Friday, 28 May 2021

New OTS report suggests improvements to make Capital Gains Tax work better

The latest report from the Office of Tax Simplification (OTS) on Capital Gains Tax (CGT) looks at areas where the tax could be made simpler, fairer and easier to understand and where specific anomalies could be removed.

Blog

Friday, 28 May 2021

5 common questions from charity trustees when facing financial difficulties

Click to read about 5 common questions from charity trustees.

Blog

Thursday, 27 May 2021

All you need to know about Independent Business Reviews

With restrictions being released in line with expectations, we are expecting that a number of clients will be entering into discussions with banks and lenders about their facilities and future requirements. In some circumstances, the lender may request that an Independent Business Review (IBR) be carried out.

Blog

Wednesday, 26 May 2021

Farmers' retirement lump sum in England - What do we know so far?

On 19 May 2021, the Government published a consultation document on the design of execution of the lump sum exit scheme, which would enable eligible retirees from the farming industry to take some of their remaining subsidy payments by way of a single lump sum in 2022. 

Blog

Wednesday, 26 May 2021

Implications and considerations after withdrawal of COVID-19 support measures

Here we look at the implications of withdrawal of some of the government COVID-19 initiatives and the need for distressed businesses to take early professional advice.

Blog

Monday, 24 May 2021

Have Pre-pack Admins just been outlawed?

On the 30th April 2021, new regulations were introduced by the Insolvency Service relating to the Pre-Pack Administration sales to connected parties. Read more about the details of these regulations here. 

Blog

Monday, 24 May 2021

Restart grants - eligibility to claim

Following the relaxation of the COVID-19 regulations, there has been a new grant introduced to help non-essential retail, hospitality, accommodation, leisure, personal care and gym and sport businesses to reopen to their customers. Read this blog to see if you're eligible. 

Blog

Monday, 17 May 2021

Charity fundraising: Loan waivers and refunds can now be Gift Aided

HMRC has confirmed that Gift Aid can be claimed on Waived Refunds and Loan Repayments, and that this can be applied retrospectively.

Blog

Monday, 17 May 2021

Quality and Outcomes Framework monies for GP practices – what’s protected?

Many GP practices are reporting confusion about 20/21 Quality and Outcomes Framework (QOF) monies, as their QOF achievement reports show lower earnings than they were expecting. Medical expert, Emma Wood, explains why this is the case.

Blog

Wednesday, 12 May 2021

Business Sale Readiness Factor #3: Sale process preparation

If you're selling a business, what can you do to make sure the sale process is as smooth as possible? Based on many years' experience of advising both business sellers and acquirers, James Lay sets out some distinguishing points of businesses that tend to glide through a business sale process, compared with those that don’t.

Blog

Tuesday, 11 May 2021

Multi-factor authentication to become mandatory for users of accounting software

If you use accounting software such as Xero, did you know that multi-factor authentication (MFA) will soon be mandatory? Our digital solutions expert, Ryan, explains what MFA is and how easy it is to set up.

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