Insights


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January 22, 2024

Getting a head start: retirement planning attitudes in 2023


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A survey of 6,000 people, aged 18 to 80, revealed starkly different views on retirement across the generations.

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January 19, 2024

BVI Company Update


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On 17 October 2023 the EU removed the British Virgin Islands from it’s list of non-cooperative jurisdictions for tax purposes – the EU Blacklist.

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January 15, 2024

National Living and Minimum Wages increase


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Minimum wage rates will see substantial increases from 1 April 2024 – welcome news for younger workers and apprentices, but not so much for those employers struggling in the current economic climate.

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January 8, 2024

Cash basis to become default


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From 2024/25, restrictions to the cash basis will be removed, making it the default method for calculating trading profit for the self-employed and most partnerships.

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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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