Blog
Help to grow scheme extends to smallest businesses
The Government’s ‘help to grow: digital’ scheme has now expanded to include businesses with fewer than five employees. Over a million more businesses will now be eligible for the scheme, which has also been expanded to include one-to-one advice and...
Capital Gains Tax Rules for Divorced Couples Ease
The Government has announced plans to relax capital gains tax (CGT) rules in divorce settlements, giving spouses and civil partners more time to transfer assets without incurring CGT charges. If the new rules are approved, they will come into effect from 6 April 2023....
Employing Staff for the First Time – an overview of the Government’s Seven Steps
Hiring an employee for the first time is an exciting moment for any business owner. Suddenly, you’ve got another pair of hands to help out with jobs that used to fall entirely on you – and with that extra support, new opportunities for growth are possible. There’s a...
Our Fiscal Report – Kwarteng’s ‘not-so-mini’ Budget – 23 September 2022
Last week’s fiscal statement, the ‘mini-Budget’ that the Government insisted wasn’t, in fact, a Budget at all, came at 9:30am on Friday 23 September and brought with it some significant, unexpected and (in some cases) controversial measures. Amid preceding uncertainty...
The Mini Budget – September 2022
The Mini Budget – apparently the biggest tax-cutting event in 34 years, just how many rabbits were there in Kwasi’s hat? A fiscal event without the red box – that will still come later in the year when the Office of Budget Responsibility publishes its full...
Does your company have a shareholder agreement?
For limited companies, when it comes to making decisions, company law states that shareholders who own more than 50% can pass a motion at a company meeting regardless of the views of other shareholders. If a shareholder(s) owns more than 75% of the shares, they...
Did you know that it’s not just Trusts that are caught by the new Trust Registration Service
Post-Brexit, the EU's fifth money laundering directive has brought with it more stringent reporting for Trustees and others to increase transparency. This reporting requirement can also include some investments arranged by Financial Advisers. Our Aniketa, and Zara...
Could your investments present an opportunity for Inheritance Tax Planning?
The Capital Gains Tax (CGT) implications of gifting an unencumbered asset to your loved ones should always be considered prior to making a gift. If the asset you are thinking about giving away is worth more than what you purchased it for, you may have to pay CGT on...
Gadget Guide – Digital Resources to help serve your business
Alex attended the Digital Accountancy Show recently which introduced accountants to more digital resources to help serve businesses better and assist with making the financial function work efficiently. All VAT-registered businesses have been pushed...
What is the future for Buy-to-Let?
For many years, individuals have invested in property to supplement their earnings or to boost retirement income. Over the last couple of years, a number of tax and regulatory changes have made property investment business less profitable. Only 25% of all loan...
Personal tax planning for 2019/20
With the Brexit process rumbling on and Making Tax Digital finally coming into force, now is the time to put your financial plans in place for 2019/20. The way you receive an income, and the tax rates and allowances that apply, should be at the front of your mind....
What is my domicile and why is it important for tax?
Domicile is a legal concept. It describes the country that you consider to be your home and where you ultimately belong. It is distinct from nationality, citizenship and residence. It is only possible to have one country of domicile at any given time. Where am I...
I’m working in more than one country, am I liable to pay Tax in the UK?
In the modern world, many of us are spending our time living and working in more than one country. To determine how much UK tax is due, it is important to understand your residence status for tax purposes. In the UK, a Statutory Residence Test (SRT) determines an...
Is there any certainty over our taxes in our changing world?
In his Spring Statement the Chancellor said the rejection of Theresa May's deal has left a cloud of uncertainty hanging over our economy; although he later went on to say the UK's economy has so far remained remarkably robust. An improvement in the public finances...
Changes to probate fees for 2019
Controversial fee increase set to take place from April 2019 From April 2019, some estates in England and Wales could be required to pay almost £6,000 for a service that currently costs less than 4% of that amount. This is because of a proposed change to the fees...
What is the difference between residency and domicile?
In today's global economy, individuals need to understand their exposure to UK tax and National Insurance as they come to or leave the UK, or divide their time between two (or more) jurisdictions. In establishing your exposure to UK tax, you need to consider your...
HMRC Tax Investigations – why take the chance?
The risks of a tax investigation Will HMRC come knocking on your door? It’s a fact – humans are bad at assessing risk. We’re terrified of things that rarely happen (plane crashes, power station meltdowns) but we're relatively relaxed about things that are...
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.No Results Found
Get in touch
Please note we do not give free advice by email or telephone.
Phone
Find Us
9 Quy Court, Colliers Lane, Stow-cum-Quy, Cambridge, CB25 9AU