Handling a personal tax compliance check How to deal with a compliance check from HMRC SPOTLIGHT ON Handling a personal tax compliance check How to deal with a compliance check from HMRC. Personal tax compliance checks can sound intimidating. However, with the right preparation and [...]
Strategic planning of gifts to minimise tax liabilities. Strategic planning of gifts to minimise tax liabilities SPOTLIGHT ON Tax-efficient giving Strategic planning of gifts to minimise tax liabilities. Tax-efficient gift-giving is an essential aspect of estate planning that can significantly reduce your inheritance tax (IHT) [...]
Understanding R&D tax credits Unlock the benefits of R&D tax credits for your business. SPOTLIGHT ON Understanding R&D tax credits Unlock the benefits of R&D tax credits for your business. Research and development (R&D) tax credits are a crucial incentive designed to encourage businesses to [...]
News Round-up September 2024 News Round-Up September 2024 Bank of England cuts interest rates The vote to lower the interest rate to 5.0% was close, with five members voting in favour and four against. In its first cut for four years, the Bank of England [...]
Insights to prevent unexpected surprises. What to expect from a statutory audit SPOTLIGHT ON What to expect from a statutory audit Insights to prevent unexpected surprises. A statutory audit may sound alarming, but it's a vital process that helps ensure a company's financial health and [...]
Take steps to secure your future. Building an emergency fund SPOTLIGHT ON: Building an emergency fund Take steps to secure your future. As an accounting practice, we often stress the importance of having an emergency fund to our clients. An emergency fund is essential for [...]
HMRC inheritance tax recovery soars New Roundup August 2024 HMRC inheritance tax recovery soars Targeted efforts yield high returns from unpaid IHT as HMRC recovers £285 million from 3,028 investigations. The amount of tax collected from unpaid inheritance tax (IHT) investigations is soaring, but HMRC [...]
What you need to know before taking on the responsibility What you need to know before taking on the responsibility SPOTLIGHT ON: Becoming an employer What you need to know before taking on the responsibility Deciding to become an employer is a significant milestone for [...]
Navigating capital gains tax Capital gains tax explained SPOTLIGHT ON: Navigating capital gains tax Capital gains tax explained Capital gains tax (CGT) is the tax on the profit you make when you sell or ‘dispose of’ an asset that has increased in value during your [...]
News Round-up July 2024 News Round-up July 2024 HMRC contacts pending ROR claimants Provisional claimants are urged to make a valid claim by 31 January 2025. HMRC is writing to taxpayers who made a provisional business asset roll-over relief (ROR) claim on asset sales in [...]
