Insights


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January 5, 2024

Tax implications of hybrid and home working – will HMRC be looking at how you provide home working equipment?


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The transition to hybrid and home working has been difficult for many. Understanding and managing the overall impact for your business is paramount.

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Exit Strategy
January 5, 2024

Exit Strategies: a Business Owner’s guide to exit strategy options


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A business exit strategy is a strategic plan that business owners use to leave or sell the business. Understanding the types of exit strategies available and the most suitable one for you is a crucial part of succession planning.

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January 1, 2024

R&D tax relief schemes set to merge, but concerns remain


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The two existing research and development (R&D) tax relief schemes are set to merge, although the newly created scheme will be similar to the R&D expenditure credit currently claimed mainly by large companies.

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December 29, 2023

Changes to ISA 600


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ISA 600 (Revised) is a significant step forward in the efforts to enhance the consistent performance of quality group engagements and it also supports the Financial Reporting Council’s (FRC) strategy for renewed confidence and trust in the auditing profession.

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December 18, 2023

NIC reforms for the self-employed


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National insurance contribution (NIC) changes for the self-employed announced in the Autumn Statement come in from 6 April 2024 and will be welcome news. But the reforms don’t go far enough to offset the continuing cost of frozen tax thresholds.

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December 15, 2023

What is working capital finance and how can it improve cashflow?


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Sometimes businesses find themselves without enough working capital. In this blog, we look at what working capital finance is available and the benefits of them to your business.

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December 11, 2023

The decline of trusts


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The number of trusts filing self-assessment tax returns for 2021/22 was 37% lower than for 2003/04. The decline comes as no real surprise given the eroding advantages of using a trust and the recent requirement to register trusts with HMRC.

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December 8, 2023

Do you undertake adequate due diligence on your labour supply chain?


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HMRC are continuing to crack down on suspected fraud in labour supply chains. Labour supply chain due diligence is critical to avoid being liable for unpaid taxes, National Insurance contributions, fines and penalties.

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December 4, 2023

Updated tax guidance for electric company car charging


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HMRC has updated its guidance to clarify that there is no taxable benefit when an employer reimburses employees who charge their electric company cars at home. Previously, HMRC maintained that the relevant exemption did not apply.

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November 27, 2023

VAT registration goes online only


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HMRC is moving ahead with its ‘digital by default’ ambition by pushing VAT registration to online only. Any business unable to use the online registration service will have to call HMRC’s VAT helpline to obtain a paper registration form.

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Autumn Statement 2023
November 22, 2023

Autumn Statement 2023 – What it means for your business


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Today, Chancellor Jeremy Hunt delivered his Autumn Statement. The Chancellor said this Autumn Statement included 110 measures to “Help grow the British economy and back British business”, but were today’s announcements in line with this promise?

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November 20, 2023

Handy hints ahead of self-assessment


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The 31 January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not yet registered.

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