Hot Topics

What's new in the world of tax and business? This section contains articles on some hot topics.

28 Jul 2020

Extending Making Tax Digital

Taking a look at the extension of Making Tax Digital to other taxes.

09 Jul 2020

Chancellor unveils a plan for jobs

Analysing the measures announced in the Summer Economic Update.

22 Jun 2020

Tax relief while working from home

Considering the tax reliefs available to those working from home because of COVID-19.

26 May 2020

Looking ahead: exiting lockdown

Considering how businesses can restart operations once the COVID-19 lockdown ends.

28 Apr 2020

COVID-19: the Coronavirus Job Retention Scheme

Analysis of the Coronavirus Job Retention Scheme.

27 Mar 2020

Chancellor unveils help for self-employed workers

Government support for the impact of COVID-19.

18 Mar 2020

COVID-19: measures for UK businesses

Reviewing official guidance on COVID-19.

25 Feb 2020

Don't let flooding sink your business

Considering ways in which you can safeguard your business from flooding.

28 Jan 2020

Is time finally up for late payers?

Statutory 30-day limit for payment of all invoices proposed.

19 Dec 2019

Avoiding burnout

In today’s “always-on” society, business owners and managers are under more pressure than ever.

19 Dec 2019

Executing your strategy

Having a good strategy is one thing, executing it well can be a huge challenge.

18 Dec 2019

At last - the election is now over!

Well what is in store taxation wise? From the Conservative party manifesto, we know that for employers they plan to increase the National Insurance employment allowance to £4,000 in the not too distant future and for individuals they are looking to raise the NIC threshold to £9,500 from April 2020.

18 Dec 2019

Significant tax changes for those selling a property that is or was your main home... Farewell to lettings relief

From the 6th April 2020, there are planned changes to the Private Residence Relief rules which could affect a sale of your main home or a property that was your main home at one time. In addition, Lettings Relief will be significantly restricted resulting to some losing out on up to £40,000 capital gain relief per person.

18 Dec 2019

Simple ways to reduce inheritance tax (IHT)

You may remember in the Autumn newsletter we spoke about potential changes that could be on the way for UK Inheritance tax. The newly elected government will have to decide which of the recommended changes it wishes to implement.

18 Dec 2019

Taxing offshore investment funds

Don’t get taxed incorrectly is the first thought to take away after reading an article on offshore investment funds in HMRC’s latest newsletter. We know of cases where people have invested in Indian Mutual Funds and assumed that gains will be subject to CGT at 20% when in fact, they are taxable at much higher tax rates of up to 45% as income gains.

18 Dec 2019

Telic – a new venture focusing on those using business a force for good

As we head towards a new decade, there is a growing trend for businesses to be more purpose-driven by committing to make a positive and impactful change within the space they operate in whilst still making a profit.

18 Dec 2019

Christmas gifts of up to £50 to employees

Christmas and tax are generally subjects that do not go together but there are some generous tax-free benefits that can be given to employees just in time for Christmas.

18 Dec 2019

Gifts to charity

If you feel in a generous mood then please remember a gift to a gift-aid charity could help save you tax. Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief on the payment.

18 Dec 2019

Non-resident companies chargeable to corporation tax

Just a reminder on an article from our Autumn newsletter. Please remember, from 6 April 2020 significant changes come into effect for non-resident companies.

18 Dec 2019

Boris Johnson to delay 17% rate of corporation tax

As discussed in the introduction, Corporation tax is scheduled to be reduced from 19% to 17% from 1 April 2020.

16 Dec 2019

Making Tax Digital and the rise of online accounting software

Analysing the rise in popularity of online accounting.

26 Nov 2019

Staying pension wise

Looking at how individuals can protect their pension pots from pension scammers.

29 Oct 2019

Getting payroll right

Considering the UK's employment rights and looking at how employers must meet them.

25 Sep 2019

An example of Brexit madness

For all those that are not yet sick of hearing about Brexit there is a worrying example of where current UK legislation is not in a position to deal with a hard Brexit.

25 Sep 2019

Government u-turn on pension tax for doctors and others

From 2016/17 those taxpayers with ‘adjusted income’ over £150,000 and ‘threshold income’ over £110,000 receive a tapered annual allowance.

25 Sep 2019

Does your business engage workers via the worker’s own company?

The draft Finance Bill clauses issued for consultation on 11th July include legislation to extend the “off-payroll” working rules to the private sector from 6th April 2020.

25 Sep 2019

Creating an employer brand

The businesses that attract the best talent all have one thing in common - a great employer brand.

25 Sep 2019

Creating a more inclusive workplace

Diversity and inclusion are hot topics as society is driving firms to become more inclusive.

25 Sep 2019

Company officers jointly and severally liable for VAT penalty

The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company.

25 Sep 2019

Building trust as a manager

In order to manage an effective team of people you need to win their trust.

25 Sep 2019

When is a van not a van?

The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola.

25 Sep 2019

The power of saying "NO"

It’s important to be able to say “no” at work without making enemies.

25 Sep 2019

No VAT penalty if you missed the first quarterly MTD deadline

HMRC have let it be known that they will not be issuing penalties for MTD VAT qualified businesses that have filed 30th June 2019 VAT Returns on time under the old system.

25 Sep 2019

New VAT rules for the construction sector – postponed for one year

HMRC is to postpone implementation of the VAT reverse charge for building and construction services for 12 months.

25 Sep 2019

Inheritance Tax – don’t ignore it. you may fall under it

The political crisis and a potential general election do make predicting future tax changes difficult but what we do know is that UK Inheritance Tax (IHT) will continue to be severe with more and more people falling under it despite the OTS’s much awaiting review.

24 Sep 2019

Fighting business crime

Highlighting some key steps to take in order to combat business crime.

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