Category: Tax

Free HMRC Research and Development Claims Service

March 2019

HMRC have recently released an online form that enables companies to create research and development claims for tax relief using their online portal and submit it to HMRC for free. They also have fairly detailed guidance to help you through the process. We’ve taken...

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Practical Implications of the Criminal Finances Act 2017

February 2019

The Criminal Finances Act 2017 made it possible to prosecute companies and partnerships for facilitating tax evasion. Practical Implications As a result, we are starting to see some practical implications. This includes: Transactions – purchasers are requiring evidence of CFA risk...

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Entrepreneurs’ Relief Changes

February 2019

As part of the Budget 2018, the government announced proposed changes, tightening the qualifying conditions for Entrepreneurs’ Relief, and said this would affect no more than 1,000 people. As a result, it was expected that an individual would need to...

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National Insurance Planning

February 2019

National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population, the National Insurance Fund is under increasing strain. The state pension took up more than 90% of its annual outlay...

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Research and Development Tax Relief

January 2019

If your company is involved in research and development (R&D), the Government’s R&D tax credit incentive could provide a valuable source of tax relief. In order to qualify, a company must be subject to UK corporation tax and involved in...

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Year End Tax Planning Guide 2018/19

January 2019

Our national Tax team have worked together to create a 2018/19 Year End Tax Planning Guide. Our year end guide summarises some key tax and financial planning tips which should be considered prior to the end of the tax year on...

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Planning Your Estate: Wills

December 2018

Most people don’t like to think about their own mortality, but planning for the future is important to ensure your property, money and possessions are distributed the way you intend. Writing a legally valid will is an essential part of...

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Completing Your Self Assessment Tax Return

December 2018

What you Need to Know Before Filing a Self Assessment Tax Return for 2017/18 It’s a common scenario: As the year draws to a close, the thought of your tax return is there, at the back of your mind. But...

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US Expansion of Sales Tax for Global Businesses and US Subsidiaries

December 2018

Following a much watched court case in the US earlier this year, known as Wayfair, a significant expansion of sales tax responsibilities could fall on businesses selling in the US. The changes mean that businesses can no longer limit their...

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Extracting Profits From Your Small Business

November 2018

One of the most important issues facing owners of small businesses is how can they extract funds from their business in the most tax efficient manner. Here we explain four of the most common ways. All rates and thresholds apply to the...

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